Luxembourg’s fund association Alfi has responded to a recent European Commission proposal for the Capital Markets Union Initiative, stressing the importance of Esma in harmonising capital market rules. The European Commission’s proposals to amend the Ucits and AIFM Directives were published on Monday and sparked criticism among others by German industry organisation BVI. Thomas Richter, […]
Luxembourg-headquartered fund management company and alternative manager FundRock has opened an office in Dublin. The Dublin office will be headed up by Ross Thomson, who has around 20 years’ experience in fund industry in Luxembourg and Canada. Two hires have been made to strengthen the firm’s presence in the Irish market. FundRock opens office in Dublin to […]
RBS International has appointed a head of Funds in order to push its business in the alternative funds sector to additional jurisdictions. Peter Brown (pictured) has been appointed to the role, after most recently heading the RBS Financial Institutions Group in the UK, which includes the RBS funds banking business. He has over 25 years […]
The Cyprus Investment Funds Association (Cifa) has been given formal membership by the European Fund and Asset Management Association (Efama) during the body’s annual general meeting on 17 June. Before, Cifa has completed a two year observer status. A pair of legislative amendments into Cyprus’ alternative investment fund laws is to strengthen the legal and […]
The French asset management industry association AFG reported on 11 February a 3.5% growth of assets under management in 2014, with some 638 companies managing €3,227bn at the end of December 2014. The number of asset management companies also increased last year, with 39 new firms created in the industry. “Most of those companies were […]
Jersey based administration and services provider Crestbridge has appointed Gren Carr-Jones as director in its Luxembourg office, to boost its funds and corporate governance capabilities. Carr-Jones has some 45 years of experience, chiefly across real estate including institutional investors and tenants in the UK, western and central Europe, Russia and northeast Asia. He has been […]
Michelle Carroll, partner in the financial service team at BDO, says investors and providers alike cannot shirk responsibilities just because AIFMD puts alternative investment funds within an EU regulatory framework.
International law firm Dechert LLP has released a legal update explaining how the implementation of the Alternative Investment Fund Managers Directive (AIFMD) is being tweaked in Germany, following last month’s publication of a draft bill by the German Ministry of Finance.
Jonathan Boyd rounds up the best news and analysis from www.investmenteurope.net
Simon Hayward Santander Private Banking expands in Jersey Santander Private Banking is strengthening its private banking business in Jersey with two senior appointments. Simon Hayward, joins the bank as head of treasury and Doug MacKenzie as head of private banking operations. Hayward will lead the treasury function and in particular will ensure the efficient operation […]
Hedge fund managers and clients will lose out if Brussels acts too strictly on the custodianship of fund assets, service providers suggest.