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Natixis Global Asset Management has signed an agreement with Canadian asset manager NexGen Financial for purchasing all of the latters outstanding common shares for consideration comprising C$7.25 cash per common share, for an enterprise value of nearly C$35m.

News

ETF Securities launches first global robotics ETF in Europe

ETF Securities has partnered with ROBO-STOX to launch the first European ETF providing exposure the global robotics and automation sector.

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Offshore compulsory winding up petitions drop substantially: Appleby

Compulsory winding up petition filings in most offshore jurisdictions fell, on average, by 31% in the first three quarters of 2014 as compared to the same period last year, according to Appleby, a provider of offshore legal, fiduciary and administration services.

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BNY Mellon appoints new global head of investor relations

BNY Mellon has announced that Valerie Haertel has joined BNY Mellon as global head of investor relations, with responsibility for managing relationships with the company's shareholders and analysts.

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Societe Generale Securities Services in the UK mandated by SCM Private

Societe Generale Securities Services (SGSS) in the UK has been mandated by the investment company SCM Private to provide a wealth and investment management administrative outsourcing solution for their three newly launched direct-to-consumer online wealth management solutions - SCM Direct.com, MoneyShe.com and SCM 50.com.

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ADIB targets priority banking customers with debit card launch

Abu Dhabi Islamic Bank (ADIB) has targeted its priority banking customers with the launch of new 'Visa Signature' debit card.

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FINRA fines Merrill Lynch a total of $6m for supervisory failures

The Financial Industry Regulatory Authority (FINRA) has censured and fined Merrill Lynch Professional Clearing Corp. (Merrill Lynch PRO) $3.5m for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling.

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Crestline partners with Denali Capital to expand syndicated loan and CLO business

Crestline Investors has partnered with Denali Capital to further expand a collateralized loan obligation (CLO) platform under the broader Crestline suite of investment products.

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Islamic Finance boom: UK government backs new Sharia residential fund

London is on the right track to becoming a key Islamic finance hub, alongside Dubai and Kuala Lumpur, as the government backs another Sharia-compliant product.

Company news

ING and ABN Amro inch closer to state exit

Dutch lenders ING and ABN Amro, bailed out in 2008, have inched closer towards state exit after passing the stress tests conducted by the European Central Bank (ECB) by a wide margin.

Company news

Swiss banks ask for revisions in US tax amnesty deals

Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by the US have asked the US Department of Justice to revise about a dozen demands set out in the proposed non-prosecution agreement with the US government.

Company news

Janus Capital registers 25% surge in Q3 income

Janus Capital Group has reported third quarter net income of $40.9m, an increase of 25% compared with $32.6m in the year ago period.

Company news

Twenty-five European banks flunk ECB stress test, Italy fares worst

Twenty-five out of 130 European banks, including nine Italian banks, have failed stress tests conducted by the European Central Bank (ECB) in the biggest-ever single review of the single currency's major banks.

Company news

AllianceBernstein AuM rises 6% to $473bn in Q3

AllianceBernstein has reported $473bn in assets under management as of 30 September 2014, up $27.8bn, or 6.2%, from a year earlier.

Company news

JTC Group expands private capabilities in Switzerland

JTC Groups Swiss arm has expanded its private client capabilities through appointments of Jonathan Kirby and Sebastien Hayoz.

Company news

Piper Jaffray Q3 net income surges

Piper Jaffray, a US-based asset management and investment banking firm, has posted an adjusted net income from continuing operations of $16.9m in the third quarter of 2014, compared to $11.6m a year ago.

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Bermuda named top island for real estate investment by world's super wealthy

Bermuda has claimed the number one spot in a new list of the world's top 20 islands for UNHWI real estate investment published in The Candy GPS Report.

Company news

Australia monitors foreign banks to prevent money outflow offshore

The Australian Taxation Office (ATO) is keeping a close vigil on foreign banks with an aim to prevent outflow of money offshore by wealthy individuals.