Tranaut Fund Administration, a privately-owned hedge fund administration services company, is to be purchased by JPMorgan in a deal expected to close during the third quarter of the year. The acquisition is subject to regulatory approval but if completed, will make for a strategic addition to JPMorgan’s suite of services on offer to hedge funds and institutional investors. ‘This acquisition represents a logical extension to the firm’s servicing capabilities and demonstrates our commitment to servicing a wide range of investment products on a global basis,’ said Conrad Kozak, head of strategic business development, Treasury & Securities Services.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.