The deal will give China Merchant Bank wider access to international market and supports its growth ambitions.
Sale of small stake comes just days after the French bank said its net profit jumped 32% thanks to a capital gain booked on its stake in Euroclear.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.
New service will enable collateral administration desks to stay current with changes in the market and regulations.
RBC I&TS names new global head of private capital services operations in Dublin from Vistra Group.
The mandate will also include accounting and reporting, compliance monitoring, benefit disbursements, and cash sweep services.
Eric Roussel, Global Head of Product Management at BNP Paribas talks to Business@Sibos about how deep knowledge of market issues can be used to help clients cope with change.
Tier two or ‘mid-tier’ prime brokers are winning a significant number of mandates from hedge funds which have either been exited by bulge bracket primes or who are struggling to be on-boarded by traditional players.
The Monetary Authority of Singapore (MAS) has formally granted CME Group the status of Recognised Clearing House, with effect from 18 May.