December 20, 2024 BY Sam Boughedda

Nordic Capital Closes Evolution II Fund at €2bn Hard Cap After Rapid Fundraising

The fund significantly surpassed its €1.4 billion target and is 65% larger than its predecessor, Evolution I, which closed at €1.2 billion in 2021. The firm noted "excess demand" from a diverse investor base, including notable increases in commitments from the Americas, contributed to Evolution II's success. Approximately 41% of investors hailed from Europe, with…

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atfx south africa
December 19, 2024 BY Leaprate Staff

ATFX Africa: Empowering Traders Across South Africa

The platform now includes advanced tools and features tailored for both novice and experienced traders, with seamless integration of industry-leading MetaTrader platforms (MT5). These features empower traders to customize their trading strategies and execute them effectively while supporting mobile trading for real-time monitoring and execution without compromising performance. ATFX Africa also focused on scalability to…

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December 19, 2024 BY Sam Boughedda

Swoosh Finance: ASIC Alleges Breach of Responsible Lending Obligations

ASIC alleges the lender breached responsible lending obligations and failed to comply with design and distribution obligations (DDO). According to ASIC, Swoosh entered loans with 11 consumers between October 2019 and October 2024 without adequately assessing their financial circumstances. ASIC claims many of these borrowers faced financial difficulties, with signs of distress such as negative…

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Robinhood app on mobile
December 19, 2024 BY Sam Boughedda

Robinhood Appoints Christopher Payne to Board of Directors

Payne has over 30 years of experience in technology and product innovation.  He previously served as President and Chief Operating Officer of DoorDash and Chief Executive Officer of Tinder. Payne also previously held the role of Senior Vice President at eBay, where he led the North American business, and held leadership positions at both Microsoft…

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FINRA building
December 19, 2024 BY Sam Boughedda

UBS Financial Services Fined $500,000 by FINRA

The fine comes as FINRA says UBS-FS failed to establish and maintain a supervisory system to oversee the short-term trading of syndicate preferred stocks. Between January 2017 and December 2018, UBS-FS representatives are said to have recommended short-term trades in syndicate preferred stocks to retail customers.  According to the regulator, this resulted in financial losses…

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Eurex enhances European ETF ecosystem with new product
December 18, 2024 BY Sam Boughedda

iM Global Partner Announces Launch of iMGP Euro Select Fund

The firm said it will be managed by Zadig Asset Management, a specialist in European equities.  The fund, targeting Eurozone companies, aims to provide an investment solution that is seen as a “one-stop shop” for Zadig’s best ideas. The fund will be co-managed by portfolio managers Francesco Rustici and Régis Bégué.  Rustici, a co-manager of…

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Broadridge Financial Solutions
December 18, 2024 BY Sam Boughedda

Broadridge Expands ClearFi Platform Through Collaboration with CCRI

The collaboration aims to support financial firms in complying with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations, set to take effect on 30 December 2024. The platform is expected to deliver integrated communications, data, and disclosure generation. The integration of CCRI’s sustainability metrics into Broadridge’s ClearFi platform is seen as a way of…

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HKEX
December 18, 2024 BY Sam Boughedda

HKEX Launches Data Marketplace

The platform is said to feature a modern and intuitive user experience, featuring multiple data delivery options such as cloud transfer for enhanced convenience. HKEX said that in its initial phase, the Data Marketplace will provide shareholding data from the Central Clearing and Settlement System (CCASS) for commercial use. In addition, it will offer historical…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
December 17, 2024 BY Sam Boughedda

Ashima Ghei Appointed Broadridge CFO

Broadridge said Ghei, who has served as the company's interim CFO since July 2024, "has been instrumental in driving the company’s financial strategy and execution forward in the first half of FY25." Tim Gokey, Broadridge’s Chief Executive Officer, said: “She is a strategic leader with a proven track record of delivering results, and I am…

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