BNP Paribas Securities Services, the French bank’s pension scheme custodian business, is to launch a depositary banking service in Switzerland.The move will see the provider focus on depositary services for its asset-owning clients domiciled in Switzerland.This latest expansion follows the launch of a similar service in the UK and the Netherlands.In late 2013, it also confirmed the purchase of Commerzbank’s depositary banking arm, giving it access to the German market. Under the Alternative Investment Fund Managers Directive (AIFMD), which came into force in July last year, investment funds not using a UCITS approach much appoint a depositary bank.This is to ensure the safekeeping, cash monitoring and oversight of assets.As AIFMD funds grow in number, with the regulatory rollout continuing across the EU, the number of pension schemes requiring these services increases, fuelling BNP’s strategy.Garrick Smith, who heads up the bank’s new Switzerland operation, cited growing demand for a consolidated approach for operational services such as depotbank and custody.“We have already won our first depotbank mandate in the market, from one of the biggest independent fund of fund managers in Switzerland,” he said. “With this expansion, we underline our commitment to the Swiss market.”This follows a trend of BNP expanding services on the back of changes to regulation.In October 2012, it announced the launch of a local custody service in the US, providing post-trade services to institutional investors.At the time, the bank said the Dodd Frank Act, which implemented reform in response to the financial crisis, created a “whole range of opportunities”.
However, Seamus Callanan is expected to return to action for the Munster Quarter Final following recovery from a broken thumb.And Cork captain Stephen McDonnell says that the rebels haven’t much to worry about on the injury front. The Tipperary senior hurlers won’t have a full squad available to them when they take on Cork this weekend.They’re sweating on the fitness of a number of players – Bonner Maher picked up a hamstring injury during club action recently, and Donagh Maher, Barry Heffernan and Michael Cahill are all doubts.Meanwhile, Jason Forde won’t be available for the game due to suspension.
An Orlando man is behind bars after realizing he could not drive stick shift mid-carjacking.Police say 25-year-old Jaelyn Alexander was in the process of fleeing the scene with elderly man’s car before he ‘automatically’ realized he could not drive a stick.Alexander then stole another car and fled the scene.He was arrested near the scene, shortly after.Alexander is facing multiple charges including carjacking, battery on a person over the age of 65, and grand theft.
An American Airlines employee has been arrested after he reportedly shoved a deputy at an airport because he was upset about having his credentials taken away.The incident occurred Saturday in Monroe County.According to the report, 42-year-old Angel Arley Medeiros of Key West was forced to surrender his Secured Identification Display Area badge after he released guest who had already been screened back into an area open to the public.Medeiros reportedly became upset about having to give up his credentials due to the incident and shoved a deputy in a terminal office. The deputy eventually arrested him for his conduct and took him to jail.Medeiros is now facing several charges including battery on a law enforcement officer and resisting arrest.
A unique opportunity for businesses to grasp and market their products and services through the internet is to take place in Letterkenny.The local Chamber has joined forces with Donegal County Enterprise Board to host The Digital Leadership Road show.This free workshop taking place on 14th September at 8.30am in CoLab, LYIT will cover digital strategy, channel selection, key performance indicators, customer behaviour and top management tips. The two hour workshop is aimed at anyone who manages or runs a business as well as PR professionals, web agencies and anyone who is interested in really driving their business forward.The road show that is touring the country was created and delivered by iON to highlight the role of management in creating an effective digital marketing plan and to enthuse business owners and managers by presenting them with cutting edge advice by one of Ireland’s top Digital Thought Leaders.The Road show will be presented by Niall McKeown, Commercial Director and founder of iON.Niall has been an internet entrepreneur for over a decade, He has extensive experience in digital marketing strategies, sales, business growth, new product development and new technologies. His business has grown from a small email marketing company to an organisation with customers in 15 countries. As well as small businesses iON also consults with major Irish and worldwide brands.“Niall has been a regular presenter during our Enterprise Week ” says Michael Tunney, CEO of the Donegal County Enterprise Board.“He always leaves our clients feeling empowered and brimming with ideas. He is inspiring and motivational and leaves managers and business owners with the enthusiasm and knowledge to make digital marketing work for their business. We are delighted to have the opportunity to work with Letterkenny Chamber in bringing this road show to Donegal”.Toni Forrester, CEO of Letterkenny Chamber, said this is a perfect opportunity for small businesses to devlelop their companies through the web.“This is an excellent opportunity for businesses in Donegal to understand their digital strategy. “Locally we have some great examples of businesses really embracing the opportunities offered by a digital strategy and there is a real appetite to learn more.“At the event we will be launching Donegal Digital Skillnet that will deliver subsidized training to help Donegal Companies boost sales through their digital marketing strategies.“Through upskilling in digital marketing tools, businesses who have traditionally operated in the local market will be able to take their space in the online business world,” she said.The road show that is free of charge takes place 8.30am – 10.30am in CoLab, LYIT. For further information or to book your place contact Letterkenny Chamber on 074 9124866 or email email@example.com . EndsLETTERKENNY TO HOST UNIQUE WEB MARKETING SEMINAR FOR SMALL BUSINESSES was last modified: August 31st, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:iONLetterkenny ChamberNiall McKeownToni Forrester