Posted by admin on August 28th, 2008
Samsung Securities is expanding into alternative investments in preparation for deregulation in Korean financial services next year, but overlaps with investment and insurance units have yet to be squared.
Samsung Securities is setting up a desk in Singapore to run a new alternative-investments strategy, according to Samsung Group insiders nvestment Opportunity.
Park Chun-Hyeon, president and CEO of [...]
Posted by admin on August 25th, 2008
Investment Company Institute President and CEO Paul Schott Stevens issued the following statement today in response to the U.S. Department of Labor’s new proposal to overhaul the information provided to workers about investments in their 401(k) plans:
“We congratulate the U.S. Department of Labor and Assistant Secretary Bradford Campbell on their proposal to provide workers who [...]
Posted by admin on June 15th, 2008
The two largest advice businesses servicing this market, Grove Research and Advisory and Oakvale Capital, have reported an increase in enquiries for investment advice from NSW councils since the inquiry.
Enquiries are emanating from councils that previously did not receive financial advice and councils that had advice providers which have now been excluded by the Cole [...]
Posted by admin on May 17th, 2008
The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.
“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen [...]
Posted by admin on April 27th, 2008
It seems that British investors are uncomfortable about asking for financial advice investment products from stocks and shares to asking for overseas property investment advice. A report from independent financial product researchers Defaqto, the Retirement Savings and Income Report, shows that consumers in the UK prefer to consult friends and family, Investment Company or [...]
Posted by admin on March 19th, 2008
The FINANCIAL — NYSE Euronext (NYX) and Abu Dhabi Securities Market (ADSM) have entered a cooperation agreement to jointly develop and explore new opportunities in trading systems and other related technology, investor and issuer services, and investment products.
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As part of this alliance, NYSE Euronext will provide ADSM, by [...]
Posted by admin on March 19th, 2008
The FINANCIAL — Wachovia Securities on March 17 announced that Bob Reid has been named as head of Real Estate, a newly created executive position reporting to Ben Williams, head of Global Markets and Investment Banking (GMIB).
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As head of Real Estate, Reid will manage a platform that provides seamless service [...]
Posted by admin on March 19th, 2008
The FINANCIAL — The Carbon Disclosure Project (CDP), a collaboration of 385 institutional investors with assets under management of U.S. $57 trillion, on March 17 announced a three-year global partnership with Merrill Lynch %26amp; Co, Inc. (NYSE: MER).
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CDP is one of  the worlds largest investor collaboration on climate change. Each [...]
Posted by admin on March 14th, 2008
Prudentials Second-Half Profit Rises 8% on Asia (Update3)
By Jon Menon and Ben Livesey
March 14 (Bloomberg) — Prudential Plc, the U.K.s largest
insurer by market value, reported an 8 percent gain in second-
half profit as the company increased revenue from Asia.
[...]
Posted by admin on March 13th, 2008
One recommendation calls for federal and state regulators to strengthen oversight of mortgage lenders and another urges state financial regulators to implement strong nationwide licensing standards for mortgage brokers, according to the group’s report, released Thursday.On Wall Street, Paulson’s comments and the working group’s recommendations failed to give solace to skittish investors. The Dow Jones [...]
