The company will appoint two Independent Non-executive Directors, Kushagra Saxena and Peter Klein, and two Nominee Directors, Nitin Kaul and Henry Obi CBE, nominated by Helios Investment Partners. The changes follow the retirement of Simon Poole, a longstanding Nominee Director, who has stepped down after nine years on the board. Kush Saxena, former CEO of…
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The firm said the decline was due to lower markets and institutional outflows, which weighed on results. The group saw net outflows of £6.4 billion from its Investments division, primarily due to a previously disclosed £4.2 billion redemption from a low-margin Phoenix mandate. Institutional & Retail Wealth assets declined to £204.8 billion, while Insurance Partners…
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Wolf, who has served on the firm’s board since June 2024, has more than 25 years of experience in capital markets, with expertise in fixed income, currencies and commodities. He joins Crossover at a time of growing institutional engagement in crypto and will aim to help the company achieve its strategic and financial goals. Most…
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However, the global fintech group said it expects full-year 2025 results to be ahead of current market expectations. EBITDA for the period came in at $93.8 million, down 9% compared to the first quarter of 2024 but up 23% from the prior quarter. The EBITDA margin stood at 46%. Customer income edged 3% higher quarter-on-quarter…
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Albuquerque has more than two decades of industry experience, with a strong background in risk management. He most recently served as Head of Counterparty Risk and Portfolio Risk Analytics for Citigroup’s Markets and Banking businesses. In his new position, Albuquerque will be based in New York and report to Suzanne Sprague, CME Group’s Chief Operating…
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The company revealed in a Q2 trading update on Thursday that its platform attracted 32,000 new customers in the three-month period, ending the quarter with 593,000 platform customers, an increase of 18% over the past year. Customer growth was said to have been driven by both the advised and direct-to-consumer (D2C) channels. Advised customer numbers…
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The move will see Westfield become an equity-method affiliate of the Tokyo-listed financial services company. The strategic investment marks a key step in Monex’s long-term growth plan to strengthen its asset management platform and expand its presence in the US equity market. Founded in 1989, Westfield specialises in US growth equity strategies and currently manages…
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According to the brokerage, the account offers users a tax-efficient way to save and invest towards purchasing a first home. The FHSA, a government-registered plan, allows Canadians to contribute up to CAD 8,000 annually with a lifetime limit of CAD 40,000. Contributions are tax-deductible, and both capital gains and interest income grow tax-free. “Buying a…
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The status enables it to store and deliver gold, silver, platinum, and palladium under COMEX and NYMEX contracts. Furthermore, the certification allows StoneX clients—including institutional traders, refiners, and bullion dealers—to make and take delivery of CME-eligible metals directly through the firm's facility, streamlining access to the exchange’s delivery network. The approval comes as physical metal…
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In a statement, the currency risk management firm said it had received non-binding indicative proposals from three potential bidders: IFX Payments, Lumon Acquisitions (a Pollen Street Capital vehicle), and Terry Clune with Harry Adams. However, the Board has “unequivocally rejected” the proposals from Lumon and Clune/Adams, while it is continuing talks with IFX Payments over…
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