Standard Life promotes investment chief; Natixis names Asia chief economist; JP Morgan appoints custody chief; SocGen gets new India head; JLL appoints corporate finance chief; and ITG makes senior sales hire.
ITG has launched a hedge fund platform for Asia-Pacific clients. It will initially target Hong Kong, Singapore and Australia with a view to rolling out the platform to other countries in the region.
Agency broker ITG has been rolling out its FX transaction cost analysis product for Asia, developed with Eastspring as its primary beta client.
Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
A proposed exemption on users of proprietary trading systems (PTS) from a mandatory takeover rule is expected to drive market fragmentation.
Asia buy-side traders are moving away from volume-weighted average price as an algo benchmark to better align interests with portfolio managers.