PNC Bank acquires Trout Group, combined firm to be renamed Solebury Trout Communications LeapRate

November 27, 2017 BY Valentina Kirilova

PNC Bank acquires Trout Group, combined firm to be renamed Solebury Trout Communications

PNC Bank today announced the entry into a definitive agreement to acquire The Trout Group, LLC, the premier investor relations and strategic advisory firm servicing the healthcare industry, with more than 80 clients in the life sciences, biotechnology, pharmaceutical and medical device sectors. Among its more than 30 professionals, Trout holds key relationships with global…

November 27, 2017 BY Valentina Kirilova

Court declares in favour of Securities Commission Malaysia in Axis insider trading case

Securities Commission Malaysia (SC) informed that it has obtained from the High Court a judgment against three defendants for insider trading involving the shares of Axis Incorporation Bhd (Axis). Koh Tee Jin, a former director of Axis, was declared to have breached section 188 (3)(a) of the Capital Markets and Services Act 2007 (CMSA) when…

November 27, 2017 BY Valentina Kirilova

BNP Paribas Asset Management appoints Philip Dawes as Head of UK Institutional Sales

BNP Paribas Asset Management (BNPP AM) announces the appointment of Philip Dawes as Head of Institutional Sales for the UK & Ireland. He joined on 20 November and is based in London, reporting to Charles Janssen, Head of Institutional Sales for Europe. In this newly-created role, Philip Dawes will be responsible for developing BNPP AM…

November 27, 2017 BY Valentina Kirilova

Brickblock and ETHLend partner to revolutionize lending on the Blockchain

ETHLend and Brickblock have just announced a strategic partnership to explore the possibilities of lending with Blockchain technology. A primary focus will be on the tokenization of assets to simplify lending and bring secure real-world assets into the lending procedure as collateral. ETHLend is a decentralized peer-to-peer lending application that runs on the Ethereum blockchain…

November 27, 2017 BY Valentina Kirilova

Former executive chairman of Healthzone sentenced to 4 years for fraud

Former Healthzone Limited director, Mr Peter David Roach, was sentenced on Friday 24 November in the Sydney District Court to 4 years and 3 months imprisonment for fraud and related offences, ASIC announced earlier today. The sentencing comes after Mr Roach was found guilty on 12 October 2017 of conspiracy to dishonestly obtain a $1…

November 27, 2017 BY Valentina Kirilova

Barracuda FX announces launch of OMS Cloud

Extending the FX OMS service to a wider group of FX banks Barracuda FX, the specialist provider of FX Order Management technology, today announced the launch of its new product OMS Cloud. OMS Cloud makes Barracuda's OMS technology available on the cloud, enabling all sizes of banks to use the market service. Barracuda developed the…

November 27, 2017 BY Valentina Kirilova

New Zealand's FMA publishes first peer-to-peer and crowdfunding statistical returns

The Financial Markets Authority (FMA) has just published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand. The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017. A total of $74.2 million was raised from investors…

November 27, 2017 BY Valentina Kirilova

NEX Regulatory Reporting approved by ESMA as a trade repository under EMIR

NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, has announced that NEX Abide Trade Repository AB has received approval from the European Securities and Markets Authority (ESMA) for its Swedish-based trade repository under the European Market Infrastructure Regulation (EMIR). The approval will allow NEX Regulatory Reporting…

November 27, 2017 BY Valentina Kirilova

SGX welcomes MindChamps PreSchool Limited to Mainboard

Singapore Exchange (SGX) informed that has welcomed MindChamps PreSchool Limited to Mainboard under the stock code “CNE”. MindChamps PreSchool Limited is the largest operator and franchisor of premium range preschool centres in Singapore. It has six company-owned-company-operated preschool centres, 30 franchisee-owned-franchisee-operated (FOFO) preschool centres and eight FOFO reading and writing centres in Singapore. The company…

November 27, 2017 BY Valentina Kirilova

FCA warns against DuetInvest clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DuetInvest. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…