News Centre

FCA Fines GAM International Management And former Investment Director Timothy Haywood

Date 30/03/2022

The Financial Conduct Authority (FCA) has fined asset manager GAM International Management Limited (GIML) £9,103,523 for failing to conduct its business with due care and attention and failing to adequately manage conflicts of interest. The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037.

FTSE Russell & ADX launch FTSE ADX 15 Representing Top Listed Companies

Date 30/03/2022

FTSE Russell and Abu Dhabi Securities Exchange (ADX) announced today the launch of the FTSE ADX 15 Index (FADX 15) representing the top publicly listed companies on ADX.

Pirum Appoints Tom Alavanja To The Business Development Team

Date 30/03/2022

Tom joins Pirum as Director of Business Development.

Managed Funds Association, Voice Of The Global Alternative Investment Industry, Expands Its Commitment And Presence In Europe - Bryan Corbett: “The Alternative Investment Industry Plays A Critical Role In European Financial Markets. Our Industry Supports The Capital Markets Union Initiative, Which Assists The Green And Digital Transitions And Helps Fuel The European Economy.”

Date 30/03/2022

Managed Funds Association (MFA), the association for the global hedge fund and alternative investment industry, is expanding its global footprint with a new office in Brussels. The Brussels office is MFA’s first permanent presence outside the United States. To lead this office, MFA welcomes Taggart Davis as Managing Director, Head of EU Government Affairs. Davis will report to Jillien Flores, Executive Vice President & Managing Director, Head of Global Government Affairs.  
 

Cross-Agency Steering Group Releases Assessment Of Carbon Market Opportunities For Hong Kong And Next Steps

Date 30/03/2022

The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) today (30 March) published its preliminary feasibility assessment of carbon market opportunities for Hong Kong.

DGCX’s Clearing House - Dubai Commodities Clearing Corporation (DCCC) - Receives Renewed Recognition As A Third Country CCP By ESMA

Date 30/03/2022

• Recognition for the wholly owned subsidiary of DGCX emphasizes commitment to compliance with comprehensive set of regulatory requirements by ESMA
• During 2022, DCCC cleared multiple asset classes with a total value of USD 35 Billion

Push Technology Appoints Technology Veteran Grethe Brown As COO - Push Expands C-Level Team As Demand For Event Stream Processing Escalates

Date 30/03/2022

Push Technology, the pioneer and leader in real-time data streaming and messaging solutions, has announced the appointment of Grethe Brown as its new COO. Grethe has extensive, experience in operations, R&D and commercial management for software companies across a variety of industries including Telco, FinTech and Food & Beverage.

GPIF Selects New Japanese Equity ESG Index: FTSE Blossom Japan Sector Relative Index

Date 30/03/2022

• FTSE Russell launches new FTSE Blossom Japan Sector Relative Index, part of the expanded FTSE Blossom Japan Index Series
• Government Pension Investment Fund (GPIF) of Japan, world’s largest pension fund, selects FTSE Blossom Japan Sector Relative Index for its latest ESG passive fund
• New index facilitates ESG integration into the Japanese market as investor demand for ESG reaches nearly universal adoption

EGX Announces The Trading Hours During The Holy Month Of Ramadan

Date 30/03/2022

- Main Market and SMEs Market trading session will be from 10:00 am - 1:30 pm, preceded by a discovery session at 9:30 am.

ITRS Group: Financial Institutions Must Act Now To Avoid Risk Of Noncompliance With FCA’s Operational Resilience Regulations - Leading Software Provider Outlines Best Practice For Firms To Ensure Compliance With Regulator’s Crackdown On Operational Resilience

Date 30/03/2022

The Financial Conduct Authority (FCA)’s long-awaited and highly anticipated regulatory framework on operational resilience for financial institutions come into force this week.