Waystone, a global leader in specialist services for the asset management industry, confirmed it had reached an agreement to acquire BIL Manage Invest from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval. The deal marks a strategic expansion of Waystone’s European footprint and underscores its continued commitment to providing robust governance and regulatory solutions to asset managers worldwide. Waystone’s acquisition of BIL Manage Invest, a highly respected Luxembourg-based Management Company (ManCo) within the BIL Group, will increase Waystone’s AUM in Luxembourg by approximately 15% and significantly enhance its market position and capabilities across Continental Europe. This acquisition will…
Author: News Team
Plans to compel UK pension funds to allocate more capital to domestic private markets could damage long-term retirement savings and shake investor trust, says Nigel Green, CEO of deVere Group. Reports suggest the UK Treasury is drafting a policy requiring pension schemes to invest up to 10% of assets in private markets, with at least half directed to UK-based opportunities. Green cautions that forcing funds into politically guided investments risks lower returns and could compromise the fiduciary duty to pension holders. There are also warnings that if firms do not voluntarily comply, the government may legislate to enforce the move.…
Downtown Boise’s dining landscape is evolving with the transformation of a longstanding local establishment. Caffeina Kitchen, an extension of Caffeina Coffee Roasting Company, opened its doors on September 6, 2024, at 1416 W. Grove St., the former home of Big City Coffee and Cafe. Honoring Legacy While Creating New Traditions After 24 years of serving the Boise community, Big City Coffee has closed, making way for Caffeina Kitchen. While the location may have a new name and ownership, many familiar elements remain. Caffeina Kitchen will continue to serve several of Big City’s signature items, including the popular cinnamon rolls and…
Global markets are on edge as leaders prepare for this weekend’s critical trade summit in Geneva, following a landmark agreement between the US and UK that has already sparked a surge in investor optimism. If negotiators make headway toward broader international trade cooperation, analysts believe equity markets may be set for a significant rally. “This could prove to be a defining moment for global markets,” said Nigel Green, CEO of international financial advisory firm deVere Group. “We’ve seen how bilateral deals can move markets, and now the world’s major economies have a window to build on that momentum. Geneva could…
Since its founding in 2004, HX5 has developed a reputation for delivering specialized support services to federal government agencies. With operations spanning 34 states and 90 government locations, the company employs over 1,000 professionals focused on research and development, engineering, and technical service support for NASA and Department of Defense missions. Margarita Howard, sole owner and CEO/president of HX5, has built the company on a foundation of expertise and mission understanding. Her approach emphasizes hiring experienced professionals familiar with the specific requirements of government agencies. Prioritizing Specialized Government Experience Howard attributes much of HX5’s success to prioritizing candidates with direct…
Chetwood Bank has announced a significant achievement, exceeding £4 billion in total customer deposits across its range of savings products and distribution channels. This milestone highlights the bank’s impressive growth trajectory and reinforces its commitment to delivering value and trusted solutions for savers across the UK. Chetwood Bank has focused on delivering reliable, competitive savings products to customers across its entire product range, with a goal of establishing itself as a leading challenger bank in the UK. The £4 billion figure, totalled from Chetwood Bank deposits, deposits to the bank’s SmartSave product and flows from distribution partners, reflects the trust…
Cathie Wood, Founder, CEO, and CIO of ARK Invest, believes the U.S. economy is on the verge of a major upswing. In a recent letter to investors, Wood suggested that the “rolling recession” experienced over the past three years is nearing its end — setting the stage for a productivity-driven economic boom and a more sustainable bull market. Contrary to economists forecasting a prolonged downturn through 2026, ARK remains optimistic that innovation and productivity gains will spark recovery much sooner. She believes that this “will be followed not only by a productivity-led economic boom but also a healthy, broader-based bull…
Donald Trump’s first 100 days back in the White House have sent shockwaves through global financial markets, with a level of disruption unmatched by any previous U.S. president. According to Nigel Green, CEO of international financial advisory firm deVere Group, Trump’s aggressive early policies are already reshaping the global economic landscape. Green states, “The speed, scale, and shock value of the Trump administration’s initial actions have stunned investors and destabilised traditional safe-haven assets.” “In just over three months, he has unleashed a new era of uncertainty, volatility, and rapid transformation that’s reshaping global markets in real time. “Since Trump’s inauguration…
New research from business advisory firm Dow Schofield Watts reveals that lower mid-market businesses in the UK remain highly confident about accessing funding for growth. However, many are failing to explore the full spectrum of finance options available. According to the UK Growth Census, which surveyed 500 firms with turnover between £10m and £150m, 89% expressed confidence in securing funding—51% of them feeling “very confident.” Despite this optimism, uptake of flexible funding options remains low, with just 9% using debt finance and 10% leveraging asset-based lending (ABL). The findings highlight a gap in awareness and utilisation of alternative finance solutions.…
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