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International law firm Withers has hired Andrea Luciano as a partner and head of financial services and investment funds in its Milan office.
Luciano joins the firm from King & Wood Mallesons SJ Berwin, where he headed the Italian financial markets group.
Luciano has extensive experience in capital markets/debt matters, securitisation transactions and private equity, venture capital and hedge fund formation. He also has extensive experience of financial market regulation, compliance and AML procedures.
“We are delighted to welcome Andrea to our rapidly growing Italian team," says Withers’ Italian practice managing partner Roberta Crivellaro. "Andrea's expertise in financial
Frost Brooks, the boutique private equity firm co-founded by mid-market private equity specialists Miles Frost and Peter Brooks, has completed its first deal with a significant capital raising for Parcel Monkey.
The new investment, which included commitments from Frost Brooks’ founders and also from the firm’s network of HNW individuals and powerful family offices, will enable The Parcel Monkey Group to accelerate its UK growth and explore expansion overseas.
It will provide the funds to help complete the development and boost the brand awareness of its new services and enhance the company’s ability to capitalise on a busy Christmas
LBO France, via its Hexagone III fund, has acquired an 80 per cent stake in Payot, a French cosmetics and skincare laboratory, alongside a new management team led by Italian entrepreneur Andrea Surliuga.
Payot was created in 1920 by dermatologist Nadia Payot. The company became part of Spain-based Puig in 2001.
In 2013, Payot had over EUR25 million in revenues, 70 per cent of which came from outside of France.
Surliuga is the former CEO and owner of Dibi Cosmetics, which was sold to a large Italian cosmetics group in 2009.
Surliuga says: “This is a major
F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office.
Fucci joins as a partner in the financial restructuring practice, while Godfrey is as a partner in the investment management practice.
Both Fucci and Godfrey are joining Akin Gump from Bingham McCuthcheon bringing the total number of partners switching between the two firms to 28.
The firm announced the forthcoming arrival of 22 partners in London, Hong Kong and Frankfurt on 17 September and four additional partners in London and Hong Kong on 22 September.
All 28 partners are expected to
Argus Cyber Security, which specialises in automotive cyber security, has raised USD4 million in a Series A funding.
The round included Magma Venture Partners, Vertex Venture Capital and a group of prominent investors including Zohar Zisapel.
As cars become connected to the internet and to external devices such as smartphones, smart keys, diagnostic tools and other vehicles, the more vulnerable they are to cyber-attacks. These malicious intrusions may compromise a vehicle's Electronic Control Units (ECUs), allowing manipulation of a car's engine, brakes, airbags and other safety systems or vehicle components.
Argus provides a unique Intrusion Prevention System (IPS),
Prompted by the success of a new wave of businesses including Airbnb, Rentmyitems and Zipcar, the UK Government is launching an independent review of the sharing economy.
Technology-based business models that help people share their property, time and skills are revolutionising traditional sharing practices and building a new wave of everyday entrepreneurs. From carpooling, to house swapping and time sharing, the sharing economy empowers people to hire out their power drills and spare rooms and get the most from their assets.
It is estimated that 25 per cent of UK adults are sharing online, and current global revenues of
AIM-quoted Adamas Finance Asia has made two senior appointments at its Hong Kong-based investment manager Adamas Asset Management (HK).
Viscount Trenchard and Andrew Main have been appointed as senior advisers with immediate effect. Both have extensive experience of Asian investment markets.
The two appointments add to the Asian investment experience of the Adamas team as it plays a pivotal role in Adamas Finance Asia’s planned transition into a credit finance business that will focus on providing funding for well-managed Chinese growth businesses.
In the last few years, operational due diligence on hedge fund managers has taken on the same level of forensic detail as the hit TV show CSI New York. Given that this has coincided with greater institutional allocations, it is entirely understandable; mom and pop’s pension is at risk.
To be sure, no institutional investor can take a punt on allocating to a hedge fund manager, no matter how stellar their track record, if the operational infrastructure in place simply doesn’t meet the required standard. In a report published by Castle Hall Alternatives earlier this year entitled Six Principles of
Cyber security has quickly become a headline risk for hedge fund managers. On 15 April 2014, the SEC issued its Cyber-Security Risk Alert, a detailed 26-point questionnaire that aims to address various elements of a hedge fund’s technical and operational infrastructure to determine how vulnerable it is to cyber attacks and data theft.
This initiative is being driven by the SEC’s Office of Compliance Inspections and Examinations. It will assess 50 individual firms and based on its findings will draft a set of final guidelines for hedge funds to adhere to. This is essentially a way to address ‘technology risk’
New York-based Liquid Holdings Group has developed a real-time risk analytics solution for those who manage multiple accounts, traders or strategies, and as a result require an aggregate view of market and liquidity risks. The new solution, LiquidFIRM (Financial Intermediary Risk Management), is the latest addition to Liquid’s cloud solutions and services.
“LiquidFIRM is unique in that it allows intermediaries to manage both pre-trade compliance and post-trade risk across underlying mangers and strategies. It empowers the intermediary’s risk oversight desk to do things like limit the buying power of certain managers, put fat finger checks in place and so on,
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