Fazzaco Weekly Digest: BNPP CP Integrates Private Asset Management Activities; eToro Adds US Stocks & ETFs; ABN AMRO Clearing Launches Fractional Investing Infrastructure
Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.
1. BNP Paribas Asset Management Integrates Its Private Asset Management Activities
BNP Paribas Asset management has finalised the integration of its private asset management activities into its subsidiaries, pushing its private debt and real assets branch to an AuM of more than €20bn.
BNP Paribas Capital Partners (BNPP CP) is a specialised alternative multi-management platform that includes private asset fund solutions, as well as funds of hedge funds and UCITS-compliant hedge funds.
BNPP CP's fund of hedge funds business will also join the established multi asset, quantitative and solutions business, led by Denis Panel, which will extend the coverage of the business to liquid alternative funds.
2. eToro Adds US Stocks & ETFs to Expand US Investment Offering
eToro, the global social investing network, yesterday announced the expansion of its United States offering to include stocks and exchange traded funds (ETFs), in addition to cryptoassets.
The launch of stock investing in the United States empowers eToro's millions of U.S. retail investors to manage a portfolio of diversified investments that include traditional assets and cryptoassets side-by-side in a single, easy-to-use mobile app or desktop interface.
3. ABN AMRO Clearing Launches Fractional Investing Infrastructure for Business Clients
ABN AMRO Clearing announced a new infrastructure for business clients such as brokers to allow fractional investing by their end clients. Fractional investing is a method of investing in part of a share, instead of needing to buy a full share.
Neobroker BUX is ABN AMRO Clearing's first client to start using this new feature. The new infrastructure has been an immediate hit, and BUX's clients have already made over ten thousand fractional investments during the first nine days of the new feature being available on BUX Zero.
4. Marqeta Names Sunaina Lobo as Chief Human Resources Officer
Marqeta is thrilled to welcome Sunaina (Suni) Lobo to its executive team as its new Chief Human Resources Officer. Suni formerly led People teams at Navis, Cisco, SVB and ANZ Bank and brings a wealth of human resources experience to Marqeta. She will lead Marqeta's People and Culture function globally to support its growth and company culture.
"Suni brings decades of experience leading best-in-class People teams to Marqeta. She has led transformative growth for global teams, focusing on building innovative and inclusive cultures and will be an invaluable asset to Marqeta and our growth," said Jason Gardner, Founder and CEO of Marqeta. "As we continue to mature as a company, Suni will have the skillset and leadership experience required to build, retain and grow an exceptional team and implement people-first processes that support our strong company culture."
"This FAQ is intended to answer questions arising from our recent corporate statement in relation to the media release dated 3 January 2022 by the CAD and MAS of Singapore. If you have not done so, please read it here", said Samtrade FX.
Q1: Where is the status of customers / investors' deposits now?
A1: The management and the officers of the companies cannot access the relevant account(s) where the customers / investors' deposits currently reside. CAD has also issued prohibition orders against the companies' management from accessing such accounts.......
6. CAPEX.com Appoints Abdelhadi Laabi as Chief Marketing Officer for the MENA Region
CAPEX.com, the leading global multi-licensed broker operated by Key Way Markets Ltd, is pleased to announce the appointment of Abdelhadi Laabi as their Chief Marketing Officer for the MENA region effective January 2022. As the CMO of CAPEX.com, he will be responsible for charting a strategic 360-degree approach in line with the brand pillars – 'trust' and 'innovation', to further amplify the brand name and vision in the MENA region.
"With great plans and vision on the horizon for CAPEX.com in 2022, we are delighted to have Abdelhadi onboard with us as our CMO. We look forward to working with him as we further enhance our offering to continue shaping the future of trading in the region and equip our clients with the knowledge to make the most of their trading experience," said Madalina Rotaru, CEO of CAPEX.com MENA and COO of Key Way Group Ltd – the operating company of CAPEX.com
7. Skilling Raises EUR10 Million from Investors
Skilling, a global provider of online investment and trading services, announces that it has closed its largest funding round to date bringing in €10 million in capital and €15 million in the past 18 months from seasoned Scandinavian investors.
The latest financing has increased the company's valuation by nearly 50% in just the past year.
The company will deploy its fresh capital to accelerate the recruiting of top talent and further advance its proprietary trading tech to remain adaptive in the ever-changing world of investing and online trading. The company's vision is to offer simple but robust technology that allows customers to navigate their trading and investments throughout the customer's financial life. This long-term vision with investments in a deep proprietary tech stack supported by some of the industry's brightest talent will accelerate Skilling's position within its current industry and beyond.
Subscribe Now
