Innovations in Wealth Management Technology Awards 2014

Innovations in Wealth Management Technology Awards 2014

The rise of new players with technology at their core

Essien’s Ecobank charm offensive

Essien’s Ecobank charm offensive

Albert Essien has brought much-needed calm to the bank

November 2014

November 2014

Too quick to PIK? The deals set to haunt European high yield

Euromoney November 2014

Participants in the European high-yield market say the collapse of Phones 4U, which left PIK-note holders wiped out, was a one-off event. But it serves as a stark reminder of the liquidity trap that lies in wait for yield-hungry investors chasing each other further and further down the credit curve. And it calls into question whether European investors have developed the necessary credit skills to invest in such risky assets.

Emerging Europe

Ukraine's banks spot an opportunity

Ukraine's banks spot an opportunity

Euromoney November 2014

Politicians have promised that reform is on the way. International investors are apparently ready to step in if the conflict calms. But will it be in time to rescue an economy bedevilled by fighting, corruption and currency shortages? Banks are struggling to survive, hamstrung by lack of funding and capital. On the eve of parliamentary elections, Euromoney visited Kiev to canvass the views of policymakers, bankers and international sponsors. Is there light at the end of the tunnel?


Africa

Essien’s Ecobank charm offensive

Essien’s Ecobank charm offensive

Euromoney November 2014

Albert Essien has brought much-needed calm to a bank that, just a few months ago, was in crisis. Ecobank’s African network remains intact. It now has two powerful, strategic shareholders. But can the bank avoid repeating the mistakes of the past?


How Ecobank washed its dirty linen in public

Euromoney November 2014

Latin America

Latin America: Sovereigns shape up for differentiation

Latin America: Sovereigns shape up for differentiation

Euromoney November 2014

The time when international fund managers saw Latin America as a homogenous investment call is gone. The days of differentiation are here. And as many of the region’s leading countries look to make the difficult transition from developing to developed economies, their finance ministers are fully aware of the need to create, and tell, their individual investment cases.


ECR: Which way next for Brazil?

Euromoney November 2014

ECR: Which way next for Chile?

Euromoney November 2014

ECR: Which way next for Colombia?

Euromoney November 2014

ECR: Which way next for Peru?

Euromoney November 2014

ECR: Which way next for Mexico?

Euromoney November 2014

ECR: Which way next for Uruguay?

Euromoney November 2014

ECR: Which way next for Paraguay?

Euromoney November 2014

Markets

Project Neptune rising amid renewed liquidity concerns

Project Neptune rising amid renewed liquidity concerns

Euromoney November 2014

With volatility returning to bond markets, investors are fretting once more about illiquidity. Policymakers too worry that it might turn a bond market meltdown systemic. A new project for a shared messaging language to improve the flow of information connecting holders of inventory sounds unglamorous next to all-to-all trading platforms and central limit order books. But the rush of support from both buy-side and sell-side suggests Project Neptune could make a vital contribution.


Emerging Europe

Turkey looks to diversify infrastructure debt

Turkey looks to diversify infrastructure debt

Euromoney November 2014

The country’s banks will not be able to shoulder the debt burden of its planned infrastructure programme. But palatable alternatives that don’t involve government guarantees aren’t yet ready, so for the foreseeable future, debt refinancing of projects is confined to after construction.


Exchanges

CEE exchange consolidation: Fair exchange

CEE exchange consolidation: Fair exchange

Euromoney November 2014

Stock exchange consolidation is back in focus in emerging Europe after the appointment of a new head for the Warsaw bourse. Further tie-ups across the region could yet prove politically problematic.


Africa

Africa: Banks and telcos mobilise for money

Africa: Banks and telcos mobilise for money

Euromoney November 2014

There’s no doubt mobile money is Africa’s future, but who is best equipped to benefit most: the telcos with their networks, or the banks with their products and service? And why are they fighting when they could be cooperating?


Innovation in wealth management awards

Innovations in Wealth Management Technology Awards 2014

Innovations in Wealth Management Technology Awards 2014

Euromoney November 2014

Wealth managers must innovate or else stand to lose high net-worth clients. New players with technology at their core are shaking up the private banking industry.


Innovations in Wealth Management Technology Awards 2014: Results index

Euromoney November 2014

Recognising wealth management industry leaders in client services, products, and back office technology.

Trading

HFT: Flash boys come to Asia

HFT: Flash boys come to Asia

Euromoney November 2014

High-frequency trading is not confined to Europe and north America. Some Asia-Pacific countries are further along in embracing the strategy than others.


India

Dark clouds still loom over India IPOs

Dark clouds still loom over India IPOs

Euromoney November 2014

The feelgood factor from the election of Narendra Modi as prime minister does not seem to be translating into better fees for IPO bankers – yet.


Banking news

French banks see opportunity in the US

French banks see opportunity in the US

Euromoney October 2014 euromoney.com

Société Générale and BNP Paribas outline new plans to get their investment banking divisions growing again. The US market is central to the ambitions of both banks.


Wealth management boosts US bank earnings

Euromoney November 2014

Revenues on the rise; More lending and discretionary mandates.

Equity markets: Market panic hits challenger bank IPOs

Euromoney November 2014

Aldermore pulls, Virgin Money delays; Equity fund outflows dim ECM prospects

Market news

Gloves come off in the fight for leveraged finance

Gloves come off in the fight for leveraged finance

Euromoney October 2014 euromoney.com

Fed gets tough with Credit Suisse; cov-lite loans on the rise in US and Europe


Punch Taverns finally inks debt-for-equity swap to end marathon restructuring battle

Euromoney November 2014

Bondholder groups join forces to push through a deal that reduces the indebted pub group’s leverage to 7.7 times.

Asia news

Malaysia mega-merger seeks central-bank approval

Malaysia mega-merger seeks central-bank approval

Euromoney October 2014 euromoney.com

Malaysia gears up for consolidation in its financial sector as the three-way deal moves ahead.


Bankers call for progress on Asean Exchanges project

Euromoney November 2014

There is more work to be done before the Asean Exchanges project – designed to connect bourses in the region – can realize the ambitions it set out during its inception.

Standard Chartered makes seven new appointments in Asean capital markets

Euromoney November 2014

A shake-up in Standard Chartered's Asean capital markets team prepares the ground for a 2015 growth push.

Latin American news

Mexico eyes sovereign sukuk

Mexico eyes sovereign sukuk

Euromoney November 2014

Latin America’s first such deal; Pemex plans to follow.


IIF warns that Argentina faces a tough 2015

Euromoney November 2014

The short- and medium-term outlooks for Argentina are increasingly diverging, says the Institute of International Finance.

Colombia finds the price of peace

Euromoney November 2014

Wealth tax proposed; Finance minister sensitive to FDI fears

EEMEA news

Nedbank ups stake in Ecobank despite boardroom turmoil

Nedbank ups stake in Ecobank despite boardroom turmoil

Euromoney October 2014 euromoney.com

Nedbank and QNB’s increased shareholding in Ecobank has brought into question the bank’s future, but as Smit Crouse of Nedbank states, the South African bank has no intention of becoming a majority stake holder in the bank.


Equity markets: Zain Bahrain gets disconnected

Euromoney November 2014

Bahrain stuck in trading trough; Gulf markets are polarizing.

Bank Asya fights back against Erdogan attack

Euromoney November 2014

The chief executive of the leading Turkish Islamic bank claims it is the victim of a politically driven campaign by the country’s president, in an exclusive interview with Euromoney.

Kazakhstan: Sovereign sells first Eurobond for 14 years

Euromoney November 2014

Investor demand tops $11 billion; Oil price, rouble falls raise devaluation fears.

Market leaders

Ukraine bonds: Keep calm and carry on paying

Ukraine bonds: Keep calm and carry on paying

Euromoney November 2014

When Ukrainian state energy company Naftogaz paid $1.6 billion to redeem a bond maturing on October 1, one Twitter commentator accused the country’s policymakers of “defaulting on its citizens”.


Borrowers must improve bond liquidity

Euromoney November 2014

Last month’s volatility provided a worrying reminder of how illiquid the bond markets have become, how piecemeal has been the response of traders, investors and issuers and how concerned regulators now are

Banking: The cost of fintech

Euromoney November 2014

Headcounts might fall as banks prepare for the digital future, but those whizz kids building apps don’t come cheap.

The new normal for emerging markets

Euromoney November 2014

China, the dollar and oil. All three are moving in novel directions.

Real estate: A curious case for Qatar

Euromoney November 2014

The QIA has found itself on both sides of a property spat. But when in-fighting turns into a court case, only the lawyers will end up winning.

Latin America: Of brothers and cousins

Euromoney November 2014

The relative harmony of the Pacific Alliance means that Argentina and Brazil must now start to listen to their little brothers in Mercosur.

ECB's ABS purchase plan: Draghi out of options

Euromoney November 2014

Corporate bond-buying rumour underscores need for further ECB action.

Banking: Asia-Pacific’s regulation headache

Euromoney November 2014

Pity the regional Asian bank chiefs dealing with myriad local regulators as well as extra-territorial oversight.

Columns

Macaskill on markets: Credit investors talk a good fight

Macaskill on markets: Credit investors talk a good fight

Euromoney November 2014

Blackstone and Pimco are talking a good fight when it comes to possible credit market dislocation. The widening in high-yield debt spreads that accompanied a bout of panic in global equity markets in mid October prompted displays of bravado from the investment firms.


Macaskill on markets: The secret diary of Bill Gross

Euromoney November 2014

Jon Macaskill imagines how the star fund manager might have recorded the reasons behind his shock move from Pimco to Janus Capital. Item one: update his enemy list.

Against the tide: Eurozone still under the cosh

Euromoney November 2014

The financial sector remains central to the eurozone’s economic woes. Promises of ECB support only prolong the problem.

Inside investment: Uranium – Metal of the mind and Tohoku

Euromoney November 2014

Investment is easy when you can immanentize the eschaton. But even radioactive assets such as uranium can be worth running a Geiger counter over.

Front End

Private equity: They just can’t help themselves

Euromoney November 2014

Tech: Looking out for zombies, angels and unicorns

Euromoney November 2014

IMF: Inane meeting fatigue

Euromoney November 2014

Quotes of the month

Euromoney November 2014

Off the record

Euromoney November 2014