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ABB leads USD12m investment in tidal power company Scotrenewables

ABB, the power and automation technology group, has led a USD12m investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets. ABB’s participation was made through its venture capital unit, ABB Technology Ventures

Ipes appoints head of risk and compliance

Specialist fund services firm, Ipes, has appointed Sharon Alvarez (pictured) as head of risk and compliance for the group. This newly-created role forms the centrepiece of the firm’s investment in both assisting clients to prepare, and preparing internally, for the challenges associated with increased regulation. Kevin Brennan, Chief Executive for

Options continues expansion with new FX trading destinations

Options, provider of the Options PIPE Private Financial Cloud, a managed infrastructure platform for the trading and alternative investment communities, has expanded connectivity to additional global foreign exchange markets and has upgraded connectivity between the major US trading venues. With these additions, Options now provides clients with high performance and

Derek Braddock and Bill Matthews launch executive search firm

Derek Braddock and Bill Matthews have launched BraddockMatthews, an executive search firm focused exclusively on the asset management and financial services industries. BraddockMatthews, with offices initially in New York and Boston, will be built on nearly 60 years of combined industry experience and a commitment to providing insights and service

Altius Associates appoints William Charlton as partner, head of US investments

Altius Associates has appointed William (Billy) Charlton as a partner and head of US investments. He will be based in the Richmond, Virginia office, reporting to Brad Young, head of investment.   Young says: “We are delighted to have secured Billy, an experienced and knowledgeable investment professional, to lead our

EyeTechCare raises EUR10m in a third round of funding

French company EyeTechCare has secured a third round of funding amounting to EUR10m. Bernard Chauvin, a private investor, has taken an equity stake in the company alongside the two of the existing investors which also contributed to this round of funding: the capital investment company Omnes Capital (formerly Crédit Agricole

Maven makes partial exit from manufacturer Homelux

Maven Capital Partners, a venture capital trust, private equity and alternative asset manager, has made a partial exit from its investment in Homelux Nenplas via the sale of the Homelux Division to US firm QEP Company. Homelux is a supplier of tile accessories to the DIY and professional market. Specialising

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