http://www.daiwagas.com/ Daiwa Securities Group | Latest news Tue, 04 Oct 2011 00:00:00 GMT en-us Financial News Daiwa Securities Group CMS v3.8 10 Copyright Daiwa Securities Group 2011 info@daiwagas.com info@daiwagas.com mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-global-asset-services-retains-it-s-sas70-type-ii-accreditation http://www.daiwagas.com/news/daiwa-global-asset-services-retains-it-s-sas70-type-ii-accreditation#136 Tue, 04 Oct 2011 00:00:00 GMT [CDATA[ Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group has retained its Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors, KPMG, in respect of Daiwa Europe Fund Managers Ireland Limited, its Fund Administration operation in Ireland. The report was issued in final form in August and covers the 12 month period ending 31 May 2011. Daiwa's previous SAS70 Type II report was issued in January 2011, but in response to developing industry trends and the wish to give clients and fund auditors the highest level of continuous assurance , Daiwa has moved to having 12 monthly SAS70's which will be issued on a bi-annual basis for the previous 12 month period. Karl McEneff, Managing Director, commented "SAS70 remains the internationally accredited benchmark of service quality for fund administrators. In today's industry it is absolutely imperative that administrators can provide a formal level of independent assurance regarding their internal control environment to clients, the fund boards and the fund auditors. We have moved from an annual report to a more contemporaneous basis to provide the level of reassurance our clients and counterparties are looking for. Daiwa has now received four consecutive SAS70 Type...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-securities-trust-and-banking-europe-plc-announces-the-appointment-of-mr-tsutomu-yamabe-as-ceo http://www.daiwagas.com/news/daiwa-securities-trust-and-banking-europe-plc-announces-the-appointment-of-mr-tsutomu-yamabe-as-ceo#135 Fri, 15 Jul 2011 00:00:00 GMT [CDATA[ The Board of Daiwa Securities Trust and Banking (Europe) PLC is pleased to announce the appointment of Mr. Tsutomu Yamabe as Chief Executive Officer. He replaces Mr. Akira Morita who leaves to undertake a new position within the Daiwa Securities group of companies. The Board wishes to express its sincere thanks to Mr. Morita for his work during his tenure and wishes him every success in his future career.  ... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-securities-group-inc-announces-its-capital-adequacy-ratio http://www.daiwagas.com/news/daiwa-securities-group-inc-announces-its-capital-adequacy-ratio#134 Mon, 23 May 2011 00:00:00 GMT [CDATA[ Daiwa Securities Group Inc (DSGI) has announced its consolidated capital adequacy ratio at 27.2% This is the first time the Group has made this detail publically available.Mr. Akira Morita, CEO of DSTBE stated this is a very robust position and shows the underlying financial stability of the Group.Further information can be found at following the attached link DSGI Group Capital Adequacy Ratio   Daiwa Securtites Group Inc. is one of the largest financial services and brokerage houses, headquartered and regulated in Japan.   Business DevelopmentTel: +353 (0) 1603 9998Tel: +44 (0) 207 320 8017E‐mail: businessdevelopment@daiwagas.comWebsite: www.daiwagas.com  ... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-appoints-joost-lobler-head-of-sales-for-asia-ex-japan-for-global-asset-services http://www.daiwagas.com/news/daiwa-appoints-joost-lobler-head-of-sales-for-asia-ex-japan-for-global-asset-services#133 Wed, 23 Mar 2011 00:00:00 GMT [CDATA[ Daiwa Capital Markets Hong Kong, part of Daiwa Securities Group Inc. is pleased to announce the appointment of Joost Lobler as Head of Sales for Asia (ex Japan) for its Global Asset Services product.  Global Asset Services offers fund administration, custody, trusteeships and a range of financial services to the alternative investment industry. Joost will be based in Hong Kong and will be responsible for developing the client base in Asia.  Karl McEneff, Managing Director at Daiwa said: "The fast growing Asian markets offer tremendous opportunities for Daiwa. The Group is determined to expand its services to the alternative investment funds and we will no doubt benefit of the experience and network of Joost Lobler" Joost Lobler has 20 years of experience from various senior roles in investment banking and global fund services. He most recently served as Head of Sales for Europe and Asia at Butterfield Fulcrum. Before that he was global managing director of Equity Fund Services (rebranded to Custom House Global Fund Services, part of the Equity Trust Group). Joost has spent 16 years at Fortis, where he held several roles in Holland and abroad, most recently as Chief Commercial Officer for Fortis Prime Fund Solutions. "I am delighted to join...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-retains-its-sas70-type-ii-status http://www.daiwagas.com/news/daiwa-retains-its-sas70-type-ii-status#132 Mon, 14 Feb 2011 00:00:00 GMT [CDATA[ Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group has retained it's Statement of Auditing Standards (SAS) 70 Type II report from it's independent auditors, KPMG, in respect of Daiwa Europe Fund Managers Ireland Limited, it's Fund Administration operation in Ireland. Karl McEneff, Managing Director, commented "This is the third unqualified SAS70 Type II report that Daiwa has received since commencing the process back in 2008. This clearly and objectively demonstrates to our clients, Daiwa's commitment to maintaining the highest standards of internal control and service quality. This achievement is all the more significant when one considers the challenges faced by the funds industry over the past number of years, both in terms of economics and an unprecedented level of change due to new external requirements (i.e. legal, regulatory, accounting and taxation). Daiwa will continue to adhere to the highest standards of service quality and excellence to complement it's SAS 70 standard". Daiwa provides Hedge Fund Administration, Trustee, Fund Accounting, Shareholder Services, UK Authorised Corporate Director and Custody Services to the Fund promoters from a global client base. It has subsidiaries in Ireland, UK, USA and the Cayman Islands, servicing assets with a total value of $70 billion. Business...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-technical-bulletin-foreign-account-tax-compliance-act-fatca http://www.daiwagas.com/news/daiwa-technical-bulletin-foreign-account-tax-compliance-act-fatca#131 Mon, 31 Jan 2011 00:00:00 GMT [CDATA[ The US Government's Foreign Accounts Tax Compliance Act (FATCA) is considered by many to be the most significant and far reaching pieces of tax legislation to be enacted in a very long time. With its implications for, reporting, systems development, client documentation, penalties for non compliance amongst others, the rules represent a challenge for all members of the securities community both at an individual and group level. At present the true scope of the task is somewhat obscured as we await the detailed requirements to be published by the IRS but, in the meantime, we have collated our views on what is currently clear and what implications they might have and complied them into a technical bulletin. If you wish to receive a copy of the bulletin or would like to find out how Daiwa Global Asset Services maybe able to assist your business plans please contact our business development team as follows: Business Development TeamEmail: businessdevelopment@daiwagas.comDublin Tel: + 353 1 603 9900London Tel: + 44 (0) 207 320 8000Website: www.daiwagas.com... (read more) ]] MediaRelations@daiwagas.com http://www.daiwagas.com/news/daiwa-s-irish-operation-launches-its-ucits-management-company-service http://www.daiwagas.com/news/daiwa-s-irish-operation-launches-its-ucits-management-company-service#130 Wed, 12 Jan 2011 00:00:00 GMT [CDATA[ Daiwa Europe Fund Managers Ireland Limited (Daiwa) has received authorisation to provide UCITS management company services to global fund promoters and hedge fund investment managers launching UCITS products. Enhancing Daiwa's long established UCITS administration, trustee and custodian functions, this management company now enables Daiwa to provide a total servicing solution covering all functions required for UCITS including the full corporate governance framework and risk management functions.Karl McEneff, Managing Director at Daiwa commented "Responding to the demand for more UCITS products driven by end investors, we are delighted to bring this total servicing solution to investment managers planning on launching UCITS funds. It also gives us the flexibility to consider creating servicing platforms and multi-manager product offerings. By their nature, UCITS funds have a very robust corporate governance environment and the services provided by this management company offers an ideal partnering solution to satisfy the UCITS regulatory requirements. With the upcoming UCITS IV EU Directive, management companies will play a vital role in the growth of this sector, so we have taken the strategic decision to position ourselves in this regard.Daiwa Securities Global Asset Services has been providing fund administration, trustee and custody services to the fund industry for over 20...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-fund-asset-services-appoints-bnymellon-as-depositary-for-its-fund-hosting-service http://www.daiwagas.com/news/daiwa-fund-asset-services-appoints-bnymellon-as-depositary-for-its-fund-hosting-service#128 Mon, 10 Jan 2011 00:00:00 GMT [CDATA[ Daiwa Fund Asset Services Limited (DFAS) is the division of the Daiwa Securities Group Global Asset Services unit which offers a ‘fund hosting' service to UK domiciled collective investment schemes targeted primarily towards institutional or high net worth investors. Having completed its pre-appointment due diligence overview of Daiwa's operation, BNYMellon Trust & Depositary (UK) Limited has agreed to provide its Depositary services to UK authorised funds which come into Daiwa's service offering. Brian Guyett, Director of Daiwa Fund Asset Services commented ‘BNY Mellon's rigorous due diligence review process has confirmed the quality, robustness of our operation and our controls environment together with our ability to operate efficiently and effectively in what is a very competitive market place. BNY Mellon's team of highly respected and knowledgeable fiduciary service professionals possess a wealth of experience when it comes to working with UK fund hosting arrangements. When combined with their commitment to client service, this was a significant influence on our decision to partner with them for our newly established service.'Peter Craft, Head of Trustee & Depositary for Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: ‘Daiwa's experience in servicing the Irish funds market provides a solid foundation upon which it can build...... (read more) ]] mediarelations@daiwagas.com. http://www.daiwagas.com/news/fpp-asset-management-migrates-to-daiwa-s-web-portal http://www.daiwagas.com/news/fpp-asset-management-migrates-to-daiwa-s-web-portal#127 Mon, 20 Dec 2010 00:00:00 GMT [CDATA[ Daiwa Securities Global Asset Services is pleased to announce that  FPP Asset Management (FPP) is to migrate to the Daiwa web portal in order to access their Fund NAV data. Michele Wood Chief Operating Officer of FPP Asset Management said, "We are delighted to migrate to Daiwa's web portal solution as it provides us the enhanced functionality and transparency that the market demands whilst at the same time gives us the flexibility in accessing current and historical data in a very user friendly and secure manner". Karl McEneff, Managing Director at Daiwa Global Asset Services said "Providing a cost effective, client focused service delivery is one of our primary considerations when developing our technical platform and FPP's decision proves we are hitting the mark" About Daiwa Securities Global Asset Services: Daiwa Securities Global Asset Services ("Daiwa") is a global service provider of fund administration to the global asset management industry. Daiwa's unique focus on servicing the specific needs of our clients is facilitated through staff expertise, market / product knowledge and customised technology. As one of the first fund administrators established in Dublin's International Financial Services Centre, we have been providing fund services to a wide array of global sponsors since 1990.By choosing Daiwa as your...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-extends-its-complex-assets-and-performance-fees-handling-capabilities-to-its-acd-service-offering http://www.daiwagas.com/news/daiwa-extends-its-complex-assets-and-performance-fees-handling-capabilities-to-its-acd-service-offering#126 Tue, 07 Dec 2010 00:00:00 GMT [CDATA[ Daiwa Fund Asset Services Limited (DFAS) has today announced an extension of its product servicing capabilities by integrating the complex assets and performance fee handling facilities currently offered by its sister company Daiwa Europe Fund Managers Ireland Limited (DEFMIL)  Peter Callaghan, Chief Operating Officer of DEFMIL commented ‘Accounting for those more complex assets and handling performance fees, particularly on daily dealing funds, can prove challenging to the Administrator.  At Daiwa we have an established track record in overcoming those challenges, so extending our processes to the UK funds will be very simple for us.' Geoff Mackay, Director of DFAS, added ‘This is an exciting opportunity for Daiwa to offer leading edge services to the UK investment funds community and close current gaps in the funds servicing market' About Daiwa Fund Asset Services (DFAS) Daiwa Fund Asset Services Limited (DFAS) is the division of the Daiwa Securities Group Global Asset Services unit which offers a ‘fund hosting' service to UK domiciled collective investment schemes targeted primarily towards institutional or high net worth investors. About Daiwa Europe Fund Managers Ireland Limited (DEFMIL) Daiwa Europe Fund Managers Ireland Limited (DEFMIL) , is Daiwa Global asset services funds Administration Company based in Ireland which has provided fund administration services to Irish...... (read more) ]] mediarelations@daiwagas.com http://www.daiwagas.com/news/daiwa-securities-global-asset-services-to-provide-fund-administration-to-hong-kong-based-usd120-million-hareion-fund-launch http://www.daiwagas.com/news/daiwa-securities-global-asset-services-to-provide-fund-administration-to-hong-kong-based-usd120-million-hareion-fund-launch#120 Wed, 08 Sep 2010 00:00:00 GMT [CDATA[ Daiwa Securities Global Asset Services, is pleased to announce that it has been appointed by Areion Asset Management to provide fund administration services to its new Cayman Unit Trust fund. Einoshin Arima of Areion Asset Management stated, "We are delighted to work with Daiwa Securities Global Asset Services because it is a very professional service provider with a high profile in Asia." About Daiwa Securities Global Asset Services:Daiwa Securities Global Asset Services ("Daiwa") is a global service provider of fund administration to the global asset management industry. Daiwa's unique focus on servicing the specific needs of our clients is facilitated through staff expertise, market / product knowledge and customised technology. As one of the first fund administrators established in Dublin's International Financial Services Centre, we have been providing fund services to a wide array of global sponsors since 1990. By choosing Daiwa as your partner in outsourcing the fund administration / accounting and trustee services function, you will be free to concentrate on managing your funds and your core competencies. You will benefit from specialist fund administration systems and our expertise across all aspects of the fund administration process. Your investors will appreciate our independent third-party status and the robust regulated environment in...... (read more) ]] info@daiwagas.com http://www.daiwagas.com/news/daiwa-securities-global-asset-services-launches-authorised-corporate-director-service http://www.daiwagas.com/news/daiwa-securities-global-asset-services-launches-authorised-corporate-director-service#119 Thu, 15 Apr 2010 00:00:00 GMT [CDATA[ Daiwa Securities Trust and Banking (Europe) plc, Global Asset Services unit is pleased to announce the launch of Daiwa Fund Asset Services Limited (DFAS) to offer Authorised Corporate Director services to UK domiciled collective investment schemes. The service offered by DFAS, which is authorised and regulated by the FSA, will complement the existing fund services provided by Daiwa Securities Global Asset Services' UK and Irish operations to the Hedge Fund and Asset Management industry. Brian Guyett, Chief Executive of DFAS comments ‘We believe the shift toward regulated products, driven by investor sentiment, creates a unique opportunity for service providers with the appropriate structures in place. The establishment of our ACD offering will leverage off our 20 plus years experience in the fund servicing industry and will be of benefit to those promoters and investment managers interested in UK domiciled products' Geoff Mackay, a respected professional in the UK investment funds market who joined Daiwa last summer to assist in developing the service offering, will manage the operation of the new service. For further information contact:Brian Guyett (brian.guyett@daiwagas.com) +44 20 7320 8102 orGeoff Mackay (geoffrey.mackay@daiwagas.com) +44 20 7320 8008Or email gas@daiwagas.com Daiwa Securities Global Asset Services unit has been providing Fund Administration, Trustee and Custody services...... (read more) ]]