In a statement released on July 7, the Australian Securities and Investments Commission (ASIC) said Mr King was “not a fit and proper person” to operate in the sector and was likely to breach financial services law again. ASIC said it found that Mr King concealed information from clients, submitted false documents, misused funds to…
Read more
Kevin Fan will join as Managing Director and Head of FIC Product Development on August 12, 2025. Reporting to Head of Markets Gregory Yu, HKEX said Fan will lead the development of new fixed-income products and enhancements to support investors’ trading and risk management needs. HKEX Chief Executive Officer Bonnie Y Chan said: “He [Kevin…
Read more
The fintech firm, which operates trading platforms across multiple asset classes, said EBITDA rose slightly to $185.1 million, maintaining a healthy 45% margin. Revenue in the second quarter alone was up 15% year on year to $209.3 million. Chief Executive David Zruia said, “Plus500 delivered further operational and financial progress in H1 2025,” adding that…
Read more
The company said its entry into the market will enable global merchants to better serve Thai consumers. The move allows Worldpay to offer local currency settlements and access to popular alternative payment methods (APMs), including LINE Pay, TrueMoney, PromptPay, and online banking. The firm said Thai merchants will also benefit from the company’s suite of…
Read more
The appointment is set to help strengthen the brokerage’s focus on innovation and global tech-driven growth. Gonov has over 15 years of experience in fintech and financial services, most recently serving as Head of Technology at FxPro. In that role, he led multinational teams and aligned the firm’s tech strategy with its broader business goals. …
Read more
The move is expected to bolster the company’s efficiency and transparency of European fund distribution. The deal will see Broadridge expand its capabilities across Europe, integrating Acolin’s compliance and fund launch support services with its own suite of distribution data, regulatory communication, and analytics offerings. “Acolin’s fund distribution technology and compliance capabilities complement Broadridge’s distribution…
Read more
The service is said to be aimed at streamlining communication across Hong Kong’s fund distribution network and enhancing operational efficiency in the city’s fund management industry. HKEX explained that the new service builds on the success of its existing Fund Repository and enables seamless order placement for fund subscriptions and redemptions. It is designed to…
Read more
The move marks an expansion of XS.com’s footprint in the Gulf region, with a new office in Kuwait City and the broker licensed under the name “XS Online” in the country. The partnership was unveiled at a press conference on July 1l, attended by members of the Al-Sabah family, business leaders, and media representatives. Sheikh…
Read more
The deal will add approximately £4 billion in assets under administration and around 454,000 policies to Chesnara’s portfolio. It is expected to complete in early 2026, subject to regulatory approvals. The transaction will be funded through a combination of £55 million in internal cash, a £65 million drawdown from an amended revolving credit facility, and…
Read more
DeSchutter has been appointed President of Investor Communication Solutions (ICS), after serving as Co-President since 2023. He has been with Broadridge and its predecessor companies since 2002 and played a pivotal role in launching the firm’s Customer Communications business. H He will now oversee the entire ICS division. Mike Tae, previously Co-President alongside DeSchutter, will…
Read more