The International Securities Market Association (ISMA) and the International Primary Market Association (IPMA) have announced that their Boards of Directors have reached agreement on the terms of a proposed merger between the two trade associations. The merger will create a single entity, while continuing the work of both associations in promoting good practice in the international capital markets. The merged association will change its name to the International Capital Market Association (ICMA) and will have its headquarters in Zurich. It will have an operating entity in London and will continue to own and operate TRAX, ISMA’s trade matching and reporting system. The merger, which is subject to approval by the member firms of each association, due diligence, and all necessary regulatory approvals, is expected to be completed by early July 2005.
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.