Wednesday 23rd July 2014
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TUESDAY TICKER: JULY 22nd 2014 - The Zimbabwe Stock Exchange (ZSE) has been transformed into a company from a mutual society, opening the way for a public listing on the bourse it operates. The ZSE has been owned and run by stock brokers since 1946, but after demutualisation the brokers now hold 68% while the government owns the remaining shares. The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to misuse of the DFSA's name. It has come to the DFSA's attention that a fraudulent email purporting to be from the DFSA has been sent to a number of firms both inside and outside the Dubai International Financial Centre (DIFC). The false email: purports to be about a "DFSA Anti-Money Laundering Violation"; appears to come from "Amina Alshehi" from "Audit & Compliance"; attaches a "non-compliance notice"; and uses legitimate DFSA contact details. The email is fake, warns the DFSA. - Surecomp, the provider of trade finance solutions for banks and corporations, says Nordea has gone live in Frankfurt and London with the stand-alone version of allNETT, Surecomp's Web-based trade finance front-end solution – Saudi’s Kingdom Holding Company announced a net income for the second quarter this year of SAR211.7m up 16.8% on the previous quarter. The gross operating profit was SAR420.3m up 26.2% on the same quarter in 2013. Mohammed Fahmy CFO, says: “The second payment of dividends has been deposited in shareholders’ accounts. The outlook for the company’s profitability remains strong.” - Northern Trust has reported a 20 percent rise in assets under custody and a 15% rise in assets under management for Q2 2014 compared to Q2 2013.The Corporate and Institutional Services (C&IS) and wealth management businesses also report a 9% rise in custody and fund administration services, investment management and securities lending. Frederick Waddell, the bank’s chief executive officer, says, “Our business continued to expand in the second quarter as trust, investment and other servicing fees, which represent 65% of revenue, increased 8% compared to last year and assets under custody and under management increased 20% and 15%, respectively.” - In the latest Investment Quarterly for Q3 2014, Renee Chen, Macro and Investment Strategist at HSBC Global Asset Management, looks at the investment prospects throughout the Asia region. Chen identifies macro trends that are likely to shape investment themes in Asian markets, such as economic policy reforms, economic rebalancing and regional cooperation and integration that will provide a wide diversity of investment opportunities in relevant sectors. Financial deepening, in terms of financial system reform and deregulation and capital market developments, is another macro theme. HSBC continues to see opportunities in various sectors that could potentially benefit from structural reforms in several Asian countries. In particular, effective implementation of reforms could lead to a sustainable improvement in economic fundamentals and the growth prospects of China and India, prompting a reform-led re-rating of Chinese and Indian stocks. The continued search for yield resulted in decent H1 performance in Asian credit markets and there has been continued investor appetite for emerging Asian bonds, but Chen cautions that valuations could become a constraint, with limited room for further spread compression in some sectors and markets. However, the still-low default rates and overall healthy level of leverage among Asian companies on the back of overall sound Asian economic fundamentals provide a solid base for Asian credit market in the medium-to-long term.

NeMa 2012

NeMa 2012 12 - 13 June 2012Network Risk Summit11 June 2012InterContinental, Budapest http://www.ftseglobalmarkets.com/


With over 350 attendees from the Network Management and Securities industry in 2011, NeMa has become THE most important event of the year for the network management community - bar none.

This year's forum promises to be a very important gathering for taking stock of your strategy in these challenging times, whilst forging invaluable business relationships.

Attend to benefit from:

● Fresh Insights From Senior Industry Practitioners & Advisors
● Top Level Networking That Is Considered The Most Beneficial In The Industry…And The Most Fun! In 2011 we welcomed 350+ Brokers, Global Custodians, Regional & Local Agent Banks, Regulators, Exchanges, CSDs. How else will you meet all these industry players – in just 2 days?
● Brand New Market Information Gather all the information you needed to take your business strategy forward into 2012 and beyond…
● Interactive Electronic Polling Sessions Find out how your views compare with those of your peers
Off The Record” Roundtable Lunch Discussion Groups Your chance to network with those most relevant to your prime business focus

For the latest programme and speaker line-up or to register at a 10% discount, please visit:
http://www.informaglobalevents.com/FKP2326FTSEWB

RECORD NUMBERS EXPECTED!

NeMa 2012 IS EXPECTED TO ATTRACT MORE INTEREST THAN NORMAL
GIVEN THE ATTENTION FOCUSED ON SUB-CUSTODIAN AND COUNTERPARTY RISK-MANAGEMENT: SO PLEASE BOOK EARLY

Quote VIP Code: FKP2326FTSEWB for a 10% Discount. To register, contact the organisers:
Tel: +44 (0)20 7017 7200 Fax: +44 (0)20 7017 7807 Email: info@icbi.co.uk">info@icbi.co.uk

Or book online at: http://www.informaglobalevents.com/FKP2326FTSEWB

 

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