Mark Ersser has joined Citi’s custody and fund services business as the head of client reporting product for EMEA. In this role, he will drive the product expansion of Citi’s middle office client reporting solution for its asset manager clients. He will be based in London and report to Paul Kilcullen, head of custody and […]
Tag: asset managers
Today’s column is dedicated to the Swiss National Bank for its ineptness five years ago yesterday, which changed the foreign exchange industry forever and gave this column literally months worth of ammunition. The SNB is a signatory to the FX Global Code, so given the guidance on disruptive actions, I wonder how it would handle […]
More than 3,000 votes were cast in this year’s Profit & Loss Readers’ Choice Awards, which created strong competition throughout the categories. For the first time categories for cryptocurrency markets were introduced and proved to be very popular, alongside the more traditional categories. Here then, are this year’s winners: Best Market Maker (Major Currencies) JP […]
In this week’s podcast Colin Lambert is keen to find out more from Galen Stops about a new peer-to-peer FX platform being created, we’re not sure but this interest may stem from his recent statement that anyone who thinks the concept could work lives in “Narnia Land” This week’s episode also takes a look at […]
I’ll keep this short and not-so-sweet as it’s a holiday here today, but I thought I would share an interesting article I read in the Sydney Morning Herald over the weekend. Most of you will probably be aware that there was a general election in Australia last month and what was termed in many quarters […]
Following last week’s column I am obviously in the bad books of a small number of buy side firms and as such I intend, in true fashion, to dig myself in a little deeper today. There is a trend in the buy side, indeed business generally, that makes peer-to-peer matching on any reasonable scale even […]
After a week-long absence Profit & Loss‘ managing editor, Colin Lambert, and editor, Galen Stops, are back on the airwaves to discuss some of the most eye-catching items in the news recently. They begin with some reader feedback from stories published last week. Firstly, a story about the attempt by a futures exchange to introduce […]
Simon Wilson-Taylor, head of EBS Institutional, reflected at Forex Network Chicago on the challenges that he faced as the owner and head of a fintech firm, Molten Markets, prior to being acquired by EBS.
“The first thing that I would say to any budding entrepreneurs out there is that building something, building a product, is the fun part and the easy part. Even finding clients is relatively easy,” said Wilson-Taylor, before adding: “The really difficult part that’s kind of out of your control is: how are my clients going to react? How is the market going to react? What are my legal, regulatory and insurance obstacles?”
Going through the different business lines that Molten Markets operated, he explained that consultancy is a good way for fintech firms to generate some revenue and pay some bills as the barriers to entry are not particularly great.
A new study by State Street indicates that 68% of institutional investors are concerned about their ability to hit their growth objectives within the current market environment.
The survey also found that 72% of asset owners expect to adopt a more defensive investment strategy going forward and the same percentage of asset managers will slow their plans for expansion over the next five years.
State Street’s second Annual Growth Survey talks to more than 500 global asset managers, asset owners and insurance companies.
The band is back together again in this week’s podcast as Galen Stops returns from a short holiday to join Colin Lambert to discuss all things currency – this week (much to the relief of P&L’s audio engineers) with no interruptions from wildlife or pool attendants!
Listen is as they highlight growing concerns in the industry that it may be harder to spread the word about the FX Global Code than previously thought, thanks to the realities of life on buy side and vendor side. On the subject of transparency and ethics, Lambert is keen to talk about the new phenomena of “full amount” trading in FX markets and Stops expresses his feelings about the proposed Code of Conduct for cryptocurrency markets.
As always there is room for the random, so why does Lambert want a merger between the new digital assets association and the recently renamed Wholesale Markets Brokers Association? Listen in to find out.