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Henkel has placed a USD600 million bond in the Eurodollar market.
The bond has a term of three years and matures on 12 June 2020.
The bond pays a coupon of 2.0 per cent. The settlement is expected to take place on 12 June 2017.
The placement of the bond was significantly oversubscribed and attracted wide interest by international investors. The proceeds from the issue will be used to finance the acquisitions Henkel recently announced.
This year, Henkel signed agreements to acquire the global Darex Packaging Technologies business from GCP Applied Technologies, Mexican hair care company
Global independent fund administrator Apex Fund Services has become the first administrator to receive in principle approval from the ADGM to carry out regulated activity in the jurisdiction.
Under the in principle approval, the grant of financial services permission to act as the administrator of a collective investment fund in the ADGM is subject to final regulatory review of certain pre-conditions being fulfilled.
Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators. The group was founded in 2003
By Bob Shaw (pictured) – As cyber threats continue to mature and firms become increasingly dependent on third-party service providers and Internet applications to support operations, they not only begin to benefit from greater efficiencies and advanced technologies, but also open themselves up to more security vulnerabilities. Investment firms need to evaluate all risks that pose potential threats to their firm and leverage the safeguards necessary to protect themselves, clients, partners and their assets.
“Cybersecurity threats vary in scale, motive and target, and it may not be realistic for your firm to employ every cybersecurity technology available in the cyber space.
Orca is planning to launch its own four-factor rating service for individual peer-to-peer (P2P) providers, the Orca Rating.
The rating will be designed in partnership with Dublin City University’s Irish Centre for Cloud Computing and Commerce research team, to respond to the growth of the asset class and the demand for more independent analysis and information on P2P lending.
The Orca rating will be the first in the market to individually analyse four factors: performance, liquidity, operator health and security. Going beyond existing single platform ratings, this analysis will enable advisers and investors to assess all fundamental criteria
Now that you have a handle on the nightmare scenario and understand the importance of fostering a culture of security across your investment firm, here are four steps to guide you through the creation of that culture.
1. Create a computer incident response team
Start by creating a “Computer Incident Response Team” who will oversee your information-security policies. Although IT professionals are responsible for overseeing and maintaining your computing infrastructure, you also need business users to play a central role in your security initiatives. After all, they’re the ones who use these resources – and the ones who can
The value of funds being administered in Jersey rose to a record level at the end of 2016, the latest figures published by the jurisdiction’s financial regulator show.
In the final quarter of 2016, the total value of funds being serviced through Jersey rose by 15 per cent over the year to stand at GBP260 billion (USD335 billion), the highest value ever recorded.
This growth was driven by the alternative asset classes, which increased annually by the same proportion to GBP189.2 billion (USD243.8 billion), representing almost three quarters (73 per cent) of Jersey’s total funds activity.
Within
Where the vulnerabilities are – It’s 3:40 on a Friday afternoon, and an urgent email hits a back-office employee’s inbox. As the employee scrambles to get ready for the market-close and head off to a three-day weekend, it looks like the portfolio manager for a major client needs him to wire USD125,000 to a bank in Grand Cayman.
His colleagues are tied up with other matters, and, since he’s eager to be responsive to this important client’s request, he follows the wire instructions in the email to complete the transfer – with just a few minutes to spare.
Bad
Thomson Reuters has enhanced its environmental, social and governance (ESG) capabilities with the addition of the Insight360 SASB Edition, an app that gives the buy-side the ability to leverage the Sustainability Accounting Standards Board’s (SASB) Materiality Framework to identify investment opportunities and manage risks with near real-time ESG data.
Developed by TruValue Labs, the app is available through App Studio, Thomson Reuters third-party development suite on its flagship desktop product Eikon.
Insight360 SASB Edition uses artificial intelligence to provide real-time ESG metrics for 8,000+ public companies worldwide, with data collected from more than 75,000 sources.
With the
Euronext has announced a raft of measures to facilitate market access for mid-caps, which will take effect on 19 June 2017.
Euronext market names will be changed for easier identification and definition of its listing and service offering towards issuers.
The Free Market will become Euronext Access, and will stand as the gateway for companies seeking simplified access to listing. Euronext Access is fully integrated into Euronext’s commercial offering.
Alternext will become Euronext Growth, a market dedicated to mid-caps with listing requirements adapted to their specific needs. Euronext intends to register this MTF as an SME Growth
Thomson Reuters has launched the SIA Bookbuilding application on its flagship desktop platform Eikon, offering sell-side professionals a new fully integrated application for the IPO syndication and distribution process.
SIA Bookbuilding is available through App Studio, Eikon’s third-party development platform.
With SIA Bookbuilding, developed by SIA, investment banks can directly manage deals such as initial public offerings, follow-ons and convertible bonds by exploiting simultaneously Thomson Reuters investor ownership data, league tables, news, and a wealth of research and analytics.
The availability of both financial data and execution functionality on one platform creates an effective integrated transaction workflow
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