Latest News
Deutsche Bank has appointed Bruce Harting as a managing director in its financial institutions group (FIG).
Harting will join the bank’s New York office this summer as head of banks investment banking coverage.
He joins from Credit Suisse where he was most recently a managing director in the financial services coverage group. Harting will report to Celeste Guth, co-head of global FIG.
“Bruce is an industry veteran with over 30 years of experience and extensive knowledge of the bank space,” says Guth. “His addition will strengthen our FIG franchise and benefit our clients by ensuring they are
- 15/05/2017
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
- 15/05/2017
Law firm Hogan Lovells has advised Claranet, a specialist in managed IT services, on a GBP80 million equity investment by Tikehau Capital.
Tikehau is a Euronext Paris listed asset management and investment group, with EUR10 billion of assets under management.
Founded in 1996, Claranet has evolved from an internet service provider into an independent managed services provider. The company has over 6,000 customers, more than 1,300 employees and an international footprint in two continents and eight countries, having recently entered Brazil.
The deal was led by Hogan Lovells corporate partners Peter Watts and Daniel Simons, working with senior
- 12/05/2017
Feeling awash in a sea of data? You’re not alone. Data has become ubiquitous. We collect it, store it, sort it and try to make use of it. Regulators and investors demand it. Many organisations feel overwhelmed by it. Fortunately, it is possible to tame it.
A recent survey of asset managers globally by Northern Trust and the Economist Intelligence Unit (EIU) found that, on the whole, the industry has capitalised on the explosion of available data, but some firms are benefiting significantly more than others. In fact, only 13% of managers surveyed felt that their data strategy was entirely
- 12/05/2017
- 12/05/2017
The asset management industry is one of many industries in the middle of a digital disruption. It can’t be stopped and the industry needs to adapt.
I have worked with my team at Northern Trust on how we respond to changes in our business environment, and more importantly, how we help our clients respond. More than anything else, creating a focused technological operational strategy is critical. The right strategy merges pre-existing work and tools with things specifically designed to meet today’s digital landscape. We need to focus our approach rather than initiate a wholesale replacement of products and strategies.
I
- 12/05/2017
In response to growing demand for alternative assets, many fund managers are looking to either add these strategies to their product suite or branch into new sectors. But fund managers must balance boosting investor reach and product range with specialist regulatory and administrative demands.
If you are contemplating a move into alternatives, finding an effective service provider is crucial. The right partner can offer the solutions, scale and market expertise you need to achieve success. Here are 10 questions every manager should ask when evaluating service providers:
1. DO YOU OFFER SERVICES TO ALTERNATIVE ASSET MANAGERS AND ASSET OWNERS?
Appointing
- 12/05/2017
Ogier has acted as Luxembourg counsel to Paladin Capital Group on the structuring and launch of a fund investing in and developing global cyber security assets.
The Luxembourg-based European Cyber Fund, whose cornerstone investors include side-by-side commitments from the European Investment Fund (EIF) and Luxembourg Future Fund, is managed by Paladin and invests in cyber security companies throughout Europe and worldwide.
Paladin has offices in both Europe and the US and works closely with governments, universities, research and development companies and entrepreneurs in the cyber security domain. Since its inception, it has committed more than USD1 billion across multiple
- 12/05/2017
Neptune Energy Group, backed by funds advised by The Carlyle Group, CVC Capital Partners Fund VI and a group of co-investors, are to acquire a majority shareholding in ENGIE E&P International (EPI) from France’s ENGIE Group for USD3.9 billion (EUR3.6 billion).
The proposed transaction is subject to relevant consultation processes and customary regulatory approvals with completion expected by early Q1 2018.
EPI is a large global E&P business focused on North West Europe and with operations in North Africa and South East Asia. EPI produces more than 150 kboepd and has proven and probable reserves of 672 mmboe. The
- 12/05/2017
Moringa, an impact investment fund specialising in agroforestry projects in sub-Saharan Africa and Latin America, has finalised its second investment in Africa.
Moringa took a stake in Asante Capital EPZ, a Kenyan company developing tree plantations and tropical crops, mainly ginger, moringa and eucalyptus.
This first USD3 million investment (out of a total investment of USD6 million) will help create a plywood industry in the country as well as kick-start the production of essential oils and food products.
- 11/05/2017
The Paris office of law firm K&L Gates has added Mounir Letayf as a partner in its banking and asset finance practice, accompanied by counsel Adeline Roboam.
They join K&L Gates from Paul Hastings.
Letayf and Roboam have broad experience in leveraged, structured, and real estate finance, debt restructuring, and general lending and securitisation. They also advise lenders, borrowers, and investors on domestic and cross-border transactions.
“We are delighted to welcome Mounir and Adeline to our firm,” says Louis Degos, administrative partner of K&L Gates’ Paris office. “Their addition will further develop our maturing global banking and asset finance practice as well as our
- 11/05/2017
- 11/05/2017
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