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Intelligence

Geoff Cook, Jersey Finance

Further regulatory steps taken to meet AIFMD requirements welcomed by Jersey Finance

Jersey Finance has welcomed the announcement from the Jersey Financial Services Commission (JFSC) that 25 bilateral agreements have been signed in respect of the Alternative Investment Fund Managers Directive (AIFMD), another key step in meeting the requirements of the Directive.   Jersey’s strategy, which is to offer flexibility within its

Lord Levene to join Benson Elliot advisory board

Benson Elliot, the UK-based private equity real estate fund manager, has appointed Lord Levene of Portsoken to the firm’s board of strategic advisors.   Lord Levene (pictured) brings a wealth of experience to Benson Elliot from a career in industry, finance and government spanning more than 40 years.    Currently

Israel flag

Israeli private equity deals down 48 per cent in first half

In the first half of 2013, 17 Israeli private equity deals attracted USD939m, a decrease of 48 per cent from USD1.8bn attracted in 26 deals in H1/2012, according to the latest quarterly survey by IVC and GKH.   The largest transaction was the USD500m buyout of tire manufacturer Alliance Tire

Document signing

Cayman Islands signs MOUs with 25 ESMA members

The Cayman Islands has now signed memoranda of understanding (MOUs) with 25 European countries, which will enable the continued marketing of Cayman Islands hedge funds throughout the European Union. Cindy Scotland, managing director of the Cayman Islands Monetary Authority (CIMA), has signed the MOUs on behalf of the Authority. On

Fiona Le Poidevin, chief executive of Guernsey Finance

Guernsey’s 27 AIFMD agreements keep funds business flowing

The Guernsey Financial Services Commission (GFSC) has signed bilateral cooperation agreements with 27 securities regulators from the European Union and the wider European Economic Area, including the UK, France and Germany.   The cooperation agreements provide a set of arrangements for the on-going supervision of alternative investment funds, including hedge

Gary Ashford, Kinetic Partners

Kinetic Partners strengthens global tax offering with appointment of Gary Ashford

Kinetic Partners, an adviser to the financial services industry, has appointed Gary Ashford as a member within the firm’s global tax team.   This new appointment further enhances Kinetic Partners’ capabilities across the alternative investment tax spectrum, while also creating a new area of expertise within the practice.   As

Vaultize raises VC funding from Tata Capital Innovations Fund

Enterprise file sharing and sync (EFSS) and mobility vendor Vaultize has secured a venture capital investment from Tata Capital Innovations Fund. The funding will help the company scale up its go-to-market strategy, including expansion across the world, with immediate plans to establish operations in the US and Europe in conjunction

RDIF’s international advisory board appoints three new members

The Russian Direct Investment Fund (RDIF) has appointed three new members to its international advisory board.    The three new members are Gao Xiqing (pictured), president of the China Investment Corporation (CIC); Khaldoon Khalifa al-Mubarak, chief executive of Mubadala Development Company; and Ahmad Mohamed Al-Sayed, chief executive of Qatar Investment

Eric Poirier, chief executive officer, Addepar

Addepar appoints CEO and COO

Addepar, a provider of smart technology platforms for wealth and investment management, has appointed Eric Poirier as chief executive officer and Karen White as president and chief operating officer.   Addepar co-founder Joe Lonsdale continues to serve in his current role as executive chairman of the board, and co-founder Jason

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