BidFX Head of EMEA Sales, Roger Lee, commented: As the latest BIS survey on FX indicates, currencies of emerging market economies (EMEs) are gaining market share, reaching 25% of overall global turnover. To that extent, it has become increasingly evident that electronic provision of EM liquidity, both deliverable and non-deliverable (NDF), has become a must.…
Read moreNoel Quinn, HSBC’s Group Chief Executive, commented: Despite the current difficult environment engendered by the Covid-19 pandemic, we continue to take steps to implement our growth strategy. This transaction supports our ambition to accelerate growth within our Asian franchise, particularly in the dynamic and fast-growing Greater Bay Area, where we fully intend to expand in…
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Douglas Cifu, Chief Executive Officer of Virtu commented: Since assuming his expanded role last year, Brett has excelled in applying his market knowledge and expertise in driving results at Virtu. Molluso re-joins Virtu after a brief period away. He has served as Chief Financial Officer from 2013 until October 2019. He has played a key…
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Finance names were also a weight on the FTSE, with Lloyds Banking Group, Standard Chartered, Standard Life Aberdeen, M&G, Royal Bank of Scotland and Aviva all losing more than 2%. In the FTSE 250, 10 firms posted share price falls of more than 8%, including WH Smith Plc, Provident Financial, and Cineworld Group. At the…
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Currently, Bexiga has a seat on the supervisory board of DWS Group GmbH of Frankfurt, Germany and serves on the remuneration committee there. She has previously served on the boards of Selective Insurance Group and Nuveen Investments. Sean O’Connor, CEO of INTL FCStone, commented: Annabelle brings to the Board deep expertise and experience in technology…
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EUROPEAN SHARES Stocks opened higher everywhere in Europe on Tuesday, extending the gains at the end of yesterday’s trading session by US equities. This change in sentiment was triggered by investors noticing good signs on the virus front from California, ahead of the reopening of the state next Friday. Spain, France and Hong Kong are…
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TechFinancial also announced its separation agreement with Footies.Tech. As per the agreement, TechFinancial will buy all of the Footies.Tech shares at no cost, so that following the purchase TechFinancials holdings will increase from 82.5% to 100% of the issued share capital of Footies Ltd. on a fully diluted basis. Footies.Tech will, in return, receive the…
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Between 2018 and 2019, he was Group Finance Director at Jardine Lloyd Thompson plc. When the company was acquired by Marsh & McLennan Companies Inc., he played a strong role in the ongoing integration program to successfully merge these two companies. Rozes holds an undergraduate degree from Tufts University and an MBA from the Southern…
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EUROPEAN SHARES Share markets drifted significantly lower almost everywhere around the globe on Monday, extending last Friday’s losses with a clear switch to “risk-off” mood so far in May. Despite April’s 7-10% rally on stocks, investors’ attitude is driven by a number of negative signs from a variety of sources. A series of mixed earnings…
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Rolls-Royce looking at mass layoffs London-listed mid cap stocks outperformed their large cap counterparts last week, with the FTSE 250 gaining 2.9% to the FTSE 100’s 0.2%. In economic data, March car production in the UK fell 37.6% year-over-year, while mortgage approvals fell from 73,670 in February to 56,200 in March. Over the weekend, it…
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