Outsourcing firm, the Equiniti Group, is taking over the UK’s largest provider of shareholder services to FTSE 100 companies in peterevans. The acquisition will see peterevans join the Equiniti Group family, and while the Cardiff and London office structure will remain unchanged, the new combined entity is expected to seek synergy and efficiency savings.
John Parker, managing director of shareholder solutions at Equiniti, said that the firms have been partnering for several years and, “we have always been impressed by (peterevans’) cutting-edge technology offering. The acquisition will now allow us to collaboratively enhance peterevans’ existing offering in order to create an extended range of services to both current and prospective clients looking to outsource their services.”
Mike Foley, managing director of peterevans, said: “The backing of a larger group will provide even more impetus and potential scale going forward, enabling us to focus on the development of the xanite platform architecture and to drive forward our offerings.”
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.