David Stevenson

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“Long way to go” before blockchain useful, says ECB member

Distributed ledger technology, or blockchain, has a “long way to go before it can be fully realised” according to a board member of the...

Elliott Management looks set to sell stake in Alliance Trust

After a stormy six-year relationship, Alliance Trust may finally be able to free itself today of aggressive activist shareholder, Elliott Management, after a shareholder...

Growth of platform assets sees “whopping increase”

Growth of assets on fund platforms used by financial advisers has reached over 5% so far this quarter, beating the growth of the FTSE...

London Deutsche Borse merger meets opposition

The London Stock Exchange (LSE) merger with Deutsche Borse was blown off course last night as EU regulators looked set to block the deal. The...

Willis Towers Watson urges more DC pension scheme development

Nearly everyone who lands a job with a FTSE 350 company is placed in a defined contribution (DC) pension scheme, research shows. Willis Towers Watson,...

Nest climate change fund “breaks new ground”

The UK’s major workplace pension scheme, Nest, is to seed a climate change fund that it has developed with UBS Asset Management. Nest, which is...

Jupiter posts increase in profits despite a “challenging year”

UK-based Jupiter Asset Management’s profits increased by 4% last year to £171.4 million (€202.5 million), despite the chairman describing the market as “challenging” with...

Asset managers are “digital laggards”, survey finds

Despite the pace of technological innovation, many firms are “digital laggards” for not embracing the opportunities. A global survey of 2,500 investors and managers by...

Emerging market hedge fund capital hits record level

The total capital invested in emerging market hedge funds reached a record level at the start of the year, as commodities recovered and the...

Julius Baer strengthens London Office

Swiss private bank Julius Baer International has bolstered its London office with three hires, Loris Vallone, Luke Downes and Ella Riesco. Vallone was previously head...

Northern Trust and IBM use blockchain for PE administration

Northern Trust in collaboration with IBM has launched a commercial deployment of blockchain technology for the private equity market. The firms said in a statement...

Mapfre selects BNP Paribas SS as global custodian

Mapfre Inversion, the securities division of Spanish insurer Mapfre, has chosen BNP Paribas Securities Services as global custodian for its €60 billion portfolio of...

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