JPMorgan Fleming Asset Management (UK) and Shanghai International Trust and Investment Corporation (SITICO) have announced a joint venture to establish a fund management business in China. The move is expected to expand the market position of JPMorgan Chase & Co. in China’s fast growing financial market. JPMorgan Fleming, the asset management arm of JPMorgan Chase, will initially invest a total of RMB 49.5 million (approximately US$6 million) for a 33 per cent stake in the joint venture, the current legal limit for foreign holdings in a mainland fund management company. It intends to raise this stake to 49 per cent when Chinese law permits. As a start, the joint venture will have a share capital of RMB 150 million (approximately US$18.2 million).
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more