UK

The Financial Stability Board has singled out removing barriers to over-the-counter derivatives reporting as a priority for G20 leaders ahead of their summit in Hangzhou this weekend.

The UK Debt Management Office (DMO) announced on Wednesday that it will hold two long end syndications in the fourth quarter of 2016, in response to calls from Gilt-edged market makers and investors.

Jan Luthman, co-head of equities and a partner at UK asset manager Liontrust, is retiring after nearly 30 years in the investments industry.

JP Morgan has lost Singapore-based Chetan Singh to UK insurer Aviva, where he will lead mergers and acquisitions globally.

Patrick Han has joined Maybank Kim Eng in London as chief executive officer, a role that gives him oversight of the firm's UK operations.

Morgan Stanley Investment Management, the asset management division of Morgan Stanley, has launched two new multi-asset global funds, the Global Balanced Fund and the Global Balanced Defensive Fund.

Neither heat nor summer holidays could put a dampener on Barclays’ $1.5bn additional tier one trade on Wednesday. The bank brought in a $15bn book for its deal, and on Thursday was hotly traded on the secondary market.

Melrose, the UK industrial buyouts specialist, completed its jumbo rights issue on Wednesday, raising £1.6bn to partly finance its reverse takeover of Nortek, a US air conditioning systems manufacturer.

The London Stock Exchange (LSE) and Deutsche Börse have submitted their merger plans to European competition regulators, in the hopes of wrapping up the deal in the first half of 2017.

Blockchain initiatives in financial markets came to the fore this week, with a group of banks teaming up to apply the technology to making payments and settling transactions, while a survey of 25 financial exchanges found that most of them are testing distributed ledger technology.

Fisch Asset management, the boutique asset manager, has made a pair of appointments in its convertible bond team.

Gilt-edged market makers and investors are calling for the UK Debt Management Office to sell a long dated conventional syndication in October and follow it with an index-linked deal in November.