As part of the deal, UBS will transfer its onshore wealth management business in India to 360 ONE, while 360 ONE clients booked in Singapore will be served by UBS. UBS will also acquire warrants for a 4.95% stake in 360 ONE, signalling its long-term commitment to the Indian ultra and high-net-worth segment. The collaboration…
Read more
The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market. The firm’s platform already includes Fixed Income Repo and Global Funding services.…
Read more
The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance. The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…
Read more
Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund. The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…
Read more
In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA. The…
Read more
The move is expected to significantly expand StoneX’s global derivatives presence. Announced on Monday, the acquisition will be paid through a mix of $625 million in cash and 3.5 million shares of StoneX common stock. StoneX will also assume up to $143 million of RJO’s debt. The transaction is expected to close in the second…
Read more
The bank has reportedly held early-stage discussions with several private credit firms to explore potential partnerships. Rather than launching a full-scale private credit operation, the report states that HSBC is considering a more measured approach, with some executives said to be expressing caution about the potential cost versus revenue benefits. One source told Reuters that…
Read more
The firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns. The Emerging Markets (EM) and International Equity strategies were said…
Read more
The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
Read more
The derivatives exchange said the new futures contracts, designed to hedge against and capitalise on US equity market volatility moves, aim to give investors a streamlined way to trade the spread between implied and realised volatility. They believe the futures will appeal to a wide range of market participants, such as volatility traders, hedge funds,…
Read more