Search results for

Real estate special focus

As the global real estate markets feel the pinch of the credit crunch Euromoney/Liquid real estate reports on the most important market developments.

Real estate special focus

Investment banks affected by the subprime crisis are facing substantial reorganisation, and in some cases, divestment of some of their businesses. Capco consultants Richard Watrasiewicz and Mark Jenkinson examine how, for example, a wealth management entity might have to be hived off from an investment bank parent

Inflation and recession together, and central bankers recognising that they had better fight the former now than risk a greater recession later: what does that mean for fixed-income investors?

More regulation is needed in China to reverse the decline in stock market prices.

The American Stock Exchange has changed its transaction fees for exchange-traded notes (ETNs) to bring them in line with charges for exchange-traded funds. Previously, the instruments, which are linked to indexes, commodities, currencies, futures and combinations of the above, incurred transaction fees that apply to equities and are higher than ETF fees. As a result, fees for ETN transactions are going down to $0.0023 per share from $0.0030 a share. They are capped at $100 per transaction, which means that charges will be assessed only on the first 43,478 shares. Routed transactions will still incur $0.0030 a share fees and another $0.0004 per share will be added for transaction cleared at other market centers.

Post-trade specialist Logicscope has appointed John Barber as its chief executive officer. Barber was previously global head of information and data sales for Icap Information Services. As a result of Barber’s appointment, Nick Dyne, the company’s founder and current CEO, will assume the role of head of business development. The company says he will continue to play a very active role.

Saxo Bank has appointed two of its senior directors to newly established positions to support its strategy of expanding into the wealth management area, as well as expanding its already successful white-label programme. Torben Rene Larsen has been appointed executive director, global head of VIP clients, while Stephan Martinussen has been appointed global head of partner sales. Saxo says Martinussen’s new position will ensure it can continue to partner with leading financial institutions across the globe. Both Larsen and Martinussen will report directly to Albert Maasland, senior executive director and head of Europe at Saxo.

It’s been interesting to watch recent gyrations in the market from the sidelines. First the dollar tentatively reversed its long-term downtrend, then resumed it again, before reversing yet again and heading off in the other direction.

While some of my colleagues swanned off on jollies to the Euro 2008 UEFA championships this week (see final story for a cautionary tale on that habit), I was gutted to have to turn down an invitation by Saxo Bank to go to Copenhagen because of my heavy workload. So I missed the announcement that brought together two of my passions, FX and cycling. Saxo disclosed that it was to take over in 2009 as the main sponsor of one of the world’s leading cycling teams, CSC, run by former Tour de France winner Bjarne Riis. It has become co-sponsor with immediate effect. The move has puzzled my non-cycling muckers.

I wondered about the wisdom of covering the sorry tale of Simon Sywak last week.