Latest news with #assetManagement
CNA
3 days ago
- Business
- CNA
Piyush Gupta to join Keppel as deputy board chairman
SINGAPORE: Keppel has announced the appointment of Mr Piyush Gupta as deputy chairman and non-executive independent director of the board with effect from Jul 1. In a media release on Thursday (May 29), the company said Mr Gupta, 65, will also join as a member of its nominating committee, remuneration committee, as well as board sustainability and safety committee on the same date. Welcoming Mr Gupta, Keppel chairman Danny Teoh said: "Piyush is joining us at an exciting time in Keppel's journey and I am confident that his leadership and experience in driving business and digital transformation will be invaluable for Keppel as we accelerate our progress towards becoming a leading global asset manager and operator. "Piyush's strong track record is well-known, after successfully leading DBS for more than 15 years, and earning DBS international accolades such as the 'World's Best Bank' and the 'World's Best Digital Bank'," he added. Mr Gupta was CEO of DBS Group from November 2009 until his retirement in March this year, during which he led the bank to become a global financial powerhouse, Keppel said in the release. On his appointment, Mr Gupta said: "Keppel is an iconic Singapore institution, with a great history and track record. It is currently at an important threshold, as it reinvents itself as a global asset manager with strong operating capabilities. "I am excited about the possibilities, and look forward to contributing to this journey in the coming future," he added. Prior to DBS, Mr Gupta had 27 years of international banking experience and was also Citi's CEO for Southeast Asia-Pacific. He holds various other appointments, including as board member of the Ministry of Trade and Industry's The Future Economy Advisory Panel, board member of the Singapore National Research Foundation, chairman of the board of trustees of Singapore Management University and chairman of Mandai Park Holdings. Singapore-based Keppel is a global asset manager and operator in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity.
Finextra
3 days ago
- Business
- Finextra
FE fundinfo acquires Fundipedia
FE fundinfo, the leading financial data company connecting the investment industry across the UK, Europe and Asia Pacific, has today announced the acquisition of Fundipedia, a centralised data solution designed to help asset managers capture, store, validate and manage their critical product data, before downstream dissemination and reporting. 0 Founded in 2007, Fundipedia provides a SaaS data management platform and workflow solutions tailor-made for asset managers. Their products successfully address critical operational challenges such as centralised data storage, data validation, manual processing and regulatory compliance to improve accuracy and efficiency across the fund lifecycle at the source. The acquisition is a natural extension to FE fundinfo's data strategy, giving clients greater transparency and control of their product information at the source. Fundipedia will be connected with FE fundinfo's wider Nexus ecosystem, providing clients the opportunity to seamlessly power client and regulatory reporting as well as dissemination to FE fundinfo's worldwide network. Clients will be able to save time, cost and reduce risk with the assurances of good data governance, workflow automation and artificial intelligence. The combination will deliver benefits to FE fundinfo and Fundipedia clients such as: • A comprehensive system of record to capture, store, manage and distribute multiple product classes • Reduced reliance on spreadsheets and manual processes, leading to greater efficiencies • Improved data validation to strengthen the effectiveness of downstream processes • Advanced data governance to support evolving compliance needs and ensure regulatory agility • Expanded access to resources and expertise, particularly across product development, client experience, services and support Leveraging FE fundinfo's established presence across the UK, Europe and Asia Pacific, the acquisition represents a major opportunity to scale Fundipedia's product more broadly, benefitting all involved. FE fundinfo will continue to invest in Fundipedia, accelerating product development and the launch of new features, such as deeper workflow automation and AI, to meet global client needs. This marks FE fundinfo's fifth acquisition in the past 12 months, reflecting the company's strategic growth trajectory and its commitment to connect the investment ecosystem and help asset and wealth managers manage complexity, respond to evolving regulation and deliver greater value to investors. Liam Healy, CEO at FE fundinfo, said: 'Data is at the core of everything we do for our clients. The digital transformation of the investment management industry demands data integrity and efficiency at scale. Fundipedia helps address this foundational challenge for our clients. I'm incredibly excited about the combination, and all involved, to amplify our existing data strategy, regulatory and client reporting and dissemination across our network.' Simon Swords, Managing Director at Fundipedia, said: 'Fundipedia was designed to empower asset managers with the comprehensive data insight needed to navigate data governance and regulatory demands. Joining FE fundinfo allows us to bring that mission to a broader audience, with the support and scale needed to invest further in our platform to strengthen our data curation and validation capabilities."
Globe and Mail
4 days ago
- Business
- Globe and Mail
Purpose Investments Inc. Announces May 2025 Distribution for Purpose Global Bond Fund
TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the May 2025 distribution rate for Purpose Global Bond Fund – ETF Units. The May 2025 distribution for Purpose Global Bond Fund – ETF Units will be paid in June 2025. The following table reflects the final distribution amount for the May 2025 distribution for Purpose Global Bond Fund – ETF Units. Ex-distribution date for the May 2025 distribution is June 3, 2025. Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency Purpose Global Bond Fund – ETF Units BND $0.0840 06/03/2025 06/06/2025 Monthly About Purpose Investments Inc. Purpose Investments Inc. is an asset management company with more than $24 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Argaam
5 days ago
- Business
- Argaam
Norway Wealth Fund CEO: No room for AI holdouts
Nicolai Tangen, CEO of Norway's sovereign wealth fund, said employees who resist using artificial intelligence (AI) have no future at the $1.7 trillion fund, underscoring the growing role of AI in asset management. In an interview cited by Bloomberg, Tangen said he's been pushing hard since 2022 to get the fund's roughly 670 employees to embrace AI tools. He said the use of AI is no longer optional, warning that employees who fail to embrace the technology will never be promoted and may not even be hired in the first place. AI has quickly become a critical tool for asset managers seeking to boost efficiency, cut costs and gain a competitive edge in decision-making. Investment firms around the world are racing to integrate the technology more deeply into their operations.
Yahoo
6 days ago
- Business
- Yahoo
Wells Fargo Maintains Overweight Rating on Ares Management (ARES), Lifts PT
On Friday, May 23, Wells Fargo analyst Michael Brown reaffirmed an Overweight rating for Ares Management Corporation (NYSE:ARES) due to continued confidence in the firm's performance and prospects and raised his price target from $182 to $189. A close up of a senior financial advisor reviewing a portfolio and making recommendations for an investor. In Q1 2025 Ares Management made $1.04 billion in quarterly revenue, which was an improvement of 38.21% despite increased market volatility. While the market initially anticipated increased M&A activity at the start of 2025 due to new administration policies, market volatility disrupted this expectation, particularly following the announcement of April 2nd tariffs and subsequent geopolitical events. This led to a drop in activity in liquid credit and equity markets as traditional capital providers adopted a risk-off position. Ares' business model allows it to avoid being a forced seller of assets due to its management fee-centric approach, low balance sheet leverage, and reliance on long-dated & locked-up third-party capital. Over 72% of Ares's total AUM is in credit-related products. Ares also achieved fundraising and deployment milestones and raised over $20 billion in gross new capital commitments. This marked the company's highest Q1 fundraising on record across all major strategies. Ares Management Corporation (NYSE:ARES) operates as an alternative asset manager in the US, Europe, and Asia. The company operates through several segments, which include the Tradable Credit Group, the Direct Lending Group, the Private Equity Group, and the Real Estate Group. While we acknowledge the potential of ARES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARES and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
