BNY Mellon Asset Servicing has been selected as Overseas Custodian for China International Fund Management Co.’s (CIFM) Asia Pacific Advantage Fund. CIFM is the fourth fund management company to receive a QDII (Qualified Domestic Institutional Investor) licence, enabling domestic Chinese investors to invest in international markets. Marketed as the CIFM Asia Pacific Advantage Fund, the fund will invest in markets including Hong Kong, Singapore, South Korea, Australia and India. The initial success of China’s fund management company (FMC) QDII scheme has resulted in record subscriptions, and the CIFM Asia Pacific Advantage Fund raised a record RMB116bn (US$ 5.4bn) during the initial subscription period, well in excess of its US$4bn quota.
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