Noel Quinn, the Group Chief Executive at HSBC, commented: I’m encouraged by our start to the year. Our strategy is on track, with organic growth and good momentum across most parts of the Group. While profits were down on last year’s first quarter due to market impacts on Wealth revenue and a more normalized level…
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Ian Lowitt, Marex CEO, commented: We are proud of these results, which reflect a strong organic performance as we continue to drive forward our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. These more than offset a headwind from very low interest rates. Although the current macroeconomic environment…
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Cornerstone noted that excluding the contribution from acquisitions, the unaudited revenue stood at £888,000. This figure has surpassed the six-month revenue reported by the Group of £837,000 for the first half of 2021. Additionally, revenues generated by clients that Cornerstone served directly increased in the first quarter of 2022 to 77%, compared to 28% for…
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Additionally, FNZ and Clearstream’s partnership will also support asset managers with their European fund distribution operations by providing efficiency gains, enabled by Clearstream’s integrated fund dealing and custody solution, and FNZ’s wealth management platform. This service will provide asset managers with a solution that aggregates data and insights to unify sales, product, risk, compliance and…
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Corentine Poilvet-Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA, said: It’s a great milestone to welcome CBA as the first Australian member of LCH SA. RepoClear SA has been gaining increasing traction in regions outside Europe, with members joining from Japan, Canada and now Australia. Banks such as CBA play a key role in…
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The terms of the deal have not been disclosed but the official announcement said the transaction is expected to close in the first half 2022. Andrea Remyn Stone, Group Head, Data & Analytics LSEG, commented: Adding GDC to the suite of digital identity solutions within our Data & Analytics division, will enable us to continue…
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According to the official announcement, the improved IT infrastructure will enable the clearing of 10 million trade legs per day. The SIX is expecting an increase in the number of cleared trades in the future. Roland Chai, Executive Vice President and Head of Market Infrastructure Technology, Nasdaq Market Technology, added: This demonstrates Nasdaq´s ability to…
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Minneapolis office The company’s new Minneapolis office will serve as a launch pad for further expansion of its listed and OTC offerings, including structured products. Marex Solutions, the OTC arm of the company, will introduce a new North American OTC dairy business out of this hub. Hofstad will lead the new business as a complement…
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The UK regulator has appointed David Philip Soden, Robert Scott Fishman and Matthew Steven Roe, all of Teneo Financial Advisory Limited, as joint special administrators of Sberbank CIB. The special administration is a form of creditor protection that often precedes bankruptcy. The FCA said in a statement that the sanctions have led Sberbank's investment arm…
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Deutsche Börse has focused on fund services and data to be key areas for future growth. The Group shared its plans to grow its market position organically via further investment in its existing businesses, and through targeted acquisitions. Philippe Seyll, Head of Investment Fund Services at Deutsche Börse Group, said: We are delighted to welcome…
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