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  • Dr Philipp Veit To head Stuttgart Financial

    Date 27/04/2023

    Dr Philipp Veit (36) has been appointed to head Stuttgart Financial – the financial centre initiative of Boerse Stuttgart Group, the Ministry of Economic Affairs, Labour and Tourism of the German Federal State of Baden-Wuerttemberg and the banking industry foundation Stiftung Kreditwirtschaft of the University of Hohenheim – from 1 May 2023. Dr Veit has a PhD in business administration and succeeds Dominik Schütz, who will be taking up a new role in the Stuttgart financial centre. Philipp Veit founded his own business after completing a Master’s degree and PhD at HHL Leipzig Graduate School of Management. Later, he worked in the areas of strategy and innovation at Daimler AG. Since June 2021, he has been head of Stuttgart Financial’s fintech accelerator, fintogether.

  • Dubai Emerges As The Next Global Hedge Fund Hub Amid Rapid Growth

    Date 27/04/2023

    • New report launched by DIFC in collaboration with Refinitiv, reaffirms Dubai’s position as a preferred destination for hedge funds
    • DIFC is in discussions with over 60 global hedge funds looking to establish offices within the Centre
    • DIFC saw a 54 per cent increase in hedge funds setting up within the Centre in 2022
    • Nearly two-thirds of DIFC-based hedge funds originate from the US and the UK, including two of the world's ten largest hedge funds

  • Hong Kong Securities And Futures Commission Announces Carbon Neutrality Commitment

    Date 27/04/2023

    The Securities and Futures Commission (SFC) today announced its commitment to become a carbon-neutral organisation. The SFC aims to achieve carbon neutrality before 2050, in line with the Government’s strategy set out in Hong Kong’s Climate Action Plan 2050 (Note 1). In addition, the SFC will take measures to meet an interim target of a 50% reduction in its total carbon emissions by 2030.

  • London Stock Exchange Group plc: Q1 2023 Trading Update

    Date 27/04/2023

    David Schwimmer, CEO said:

    “Our strategy continues to deliver, with all divisions contributing to growth. Our performance in the first quarter demonstrated the strength of our business model, the improving quality of our revenue and our critical role in the resilience of financial markets. In Data & Analytics, we saw a further acceleration in Annual Subscription Value growth, reflecting the investments we have made in our services and stronger customer engagement. In Post Trade, our leading franchise attracted a surge in volumes as clients looked to manage risk effectively during a period of heightened volatility.

  • SGX Regulator’s Column: What Boards And Requisitionists Should Take Note Of In Shareholder-Requisitioned Meetings

    Date 27/04/2023

    Introduction

    Issuers are required, under the Companies Act 1967 (“Companies Act”) and the SGX-ST Listing Rules, to hold a general meeting each year, known as the “annual general meeting”. In addition to the annual general meeting, issuers may hold general meetings at any other point in a year. These are known as “extraordinary general meetings”.