International

U.K. aims to boost country as a fintech, money management center after Brexit

MONEY MANAGEMENT -

MONEY MANAGEMENT -

The U.K. government unveiled a proposal aimed at strengthening Britain as a fintech and money management hub after Brexit.
MiFID swaps deal reached for U.S. platforms to avert rupture

REGULATION -

REGULATION -

The European Union said banks and other traders in the bloc can use U.S. platforms to comply with MiFID II restrictions on derivatives.
Aberdeen Standard clears final hurdle to serving local Chinese institutional investors

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Aberdeen Standard Investments announced its wholly foreign-owned enterprise in mainland China secured registration as a private securities fund manager.
Cbus adds head of strategy and investment innovation

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

Superannuation fund for Australia's construction industry is continuing expansion of its internal management capabilities.
Commentary: Iceland's new government won't place investors on thin ice

INDUSTRY VOICES -

INDUSTRY VOICES -

Iceland's new government will have a vital role in the future of foreign investment in the country.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

PAG hired a Geneva-based quantitative investment and research team that previously worked at Pictet Group.
U.K., U.S. lag in OECD ranking of gross retirement replacement rates

MARKETS -

MARKETS -

The U.K. comes last in a ranking of future gross replacement rates at 22%, finds a new report by the Organization for Economic Cooperation and Development.
Deutsche Asset Management reveals structure for planned IPO

Money Management -

Money Management -

Deutsche Asset Management has announced a new structure, management team and brand ahead of its planned initial public offering.
Abu Dhabi Investment Authority acquires minority stake in alternative credit business

Asset Owners -

Asset Owners -

Abu Dhabi Investment Authority acquired a minority stake in alternative credit business KKR India Financial Services.
PPF's 'Purple Book' shows U.K. pension fund allocations to equities dropping

PENSION FUNDS -

PENSION FUNDS -

U.K. pension funds allocated an average 29% of assets to equities as of March 31, with U.K.-listed equities declining in portfolios.
U.K. Financial Reporting Council seeking feedback on corporate governance code revision

Governance -

Governance -

The Financial Reporting Council is seeking views on its proposal to revise the corporate governance code.
Adams Street Partners picks principal to lead new Seoul office

PRIVATE EQUITY -

PRIVATE EQUITY -

Chris Cho was hired to head up Adams Street Partners' sales and client service efforts in South Korea.

Searches and Hires -

Searches and Hires -

University of Calgary issued an RFP for a consultant to assist the general endowment with private equity and private infrastructure.

Searches and Hires -

Searches and Hires -

Etablissement de Retraite Additionnelle de la Fonction Publique is searching for money managers to hedge foreign exchange risk.

Money Management -

Money Management -

Elodie Lelief was named sales executive for exchange-traded funds indexed fund solutions sales at BNP Paribas Asset Management.