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href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/digest?mod=secondnav">Press Digest</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/?mod=secondnav">FN Powerlists</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/events?mod=secondnav">Events</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/https://www.efinancialnews.com/account/email-services?mod=secondnav">News Emails</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/topics?mod=secondnav">Topics</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/about-us/mobile?mod=secondnav">Mobile & iPad</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=quicklink">Financial Conduct Roundtable</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/private_equity/2015/">Private Equity Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-04-20/financial-news-emolument-salary-survey-2015?mod=quicklink">FN Salary Survey</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Hedge Fund Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2014-01-13/career-clinic-financial-news-special-report?mod=quicklink">Career advice on FN</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/events?mod=quicklink">Events & Awards</a> </li> <li style="float:left; height:100%;display:block;" id="home" class=" last"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/people?mod=quicklink">People Moves</a> </li> </ul> </div> </div><a id="mainnavigation-home" class="home" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/?mod=mainnav">Home</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="assetmanagement" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/pensions?mod=secondnav">Pensions</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/hedge-funds?mod=secondnav">Hedge Funds</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/etfs?mod=secondnav">ETFs</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/wealth?mod=secondnav">Wealth</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/governance?mod=secondnav">Governance</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/investor-services?mod=secondnav">Investor Services</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement/people?mod=secondnav">People</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Hedge Fund Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-04-20/financial-news-emolument-salary-survey-2015?mod=quicklink">FN Salary Survey</a> </li> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-03-11/napf-investment-conference2015?mod=quicklink">FN at NAPF Conference</a> </li> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=quicklink">FN Focus: Conduct Risk</a> </li> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.streamingrivers.com/wef-davos-2015-webcasts?utm_source=PB&utm_medium=email&utm_campaign=Davos_2015_Webcasts">Davos Download</a> </li> <li style="float:left; height:100%;display:block;" id="assetmanagement" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance/2014/">FN100 Women 2014</a> </li> </ul> </div> </div><a id="mainnavigation-assetmanagement" class="asset-management" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement?mod=mainnav">Asset Management</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="investmentbanking" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking/capital-markets?mod=secondnav">Capital Markets</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking/mergers-and-acquisitions?mod=secondnav">Mergers & Acquisitions</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking/sales-and-trading?mod=secondnav">Sales & Trading</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking/people?mod=secondnav">People</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=quicklink">Financial Conduct Roundtable</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-04-20/financial-news-emolument-salary-survey-2015?mod=quicklink">FN Salary Survey</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=quicklink">FN Focus: Conduct Risk</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.streamingrivers.com/wef-davos-2015-webcasts?utm_source=PB&utm_medium=email&utm_campaign=Davos_2015_Webcasts">Davos Download</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/investment_banking/2014/allison-duff-gordon/jonny-allison/">Rising Stars of Investment Banking</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Extra Mile 40: True heroes of finance</a> </li> <li style="float:left; height:100%;display:block;" id="investmentbanking" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance/2014/">FN100 Women 2014</a> </li> </ul> </div> </div><a id="mainnavigation-investmentbanking" class="investment-banking" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking?mod=mainnav">Investment Banking</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="privateequity" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity/deals?mod=secondnav">Deals</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity/fundraising?mod=secondnav">Fundraising</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity/re-structuring?mod=secondnav">Restructuring</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity/people?mod=secondnav">People</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="privateequity" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/private_equity/2015/">Private Equity Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="privateequity" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=quicklink">FN Focus: Conduct Risk</a> </li> <li style="float:left; height:100%;display:block;" id="privateequity" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Extra Mile 40: True heroes of finance</a> </li> <li style="float:left; height:100%;display:block;" id="privateequity" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance/2014/">FN100 Women 2014</a> </li> <li style="float:left; height:100%;display:block;" id="privateequity" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2014-01-13/career-clinic-financial-news-special-report?mod=quicklink">Career advice on FN</a> </li> </ul> </div> </div><a id="mainnavigation-privateequity" class="private-equity" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity?mod=mainnav">Private Equity</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="tradingandtechnology" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/trading-and-broking?mod=secondnav">Trading & Broking</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/market-infrastructure?mod=secondnav">Market Infrastructure</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/regulation?mod=secondnav">Regulation</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/foreign-exchange?mod=secondnav">Foreign Exchange</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/derivatives?mod=secondnav">Derivatives</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/people?mod=secondnav">People</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=quicklink">Financial Conduct Roundtable</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-04-20/financial-news-emolument-salary-survey-2015?mod=quicklink">FN Salary Survey</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=quicklink">FN Focus: Conduct Risk</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.streamingrivers.com/wef-davos-2015-webcasts?utm_source=PB&utm_medium=email&utm_campaign=Davos_2015_Webcasts">Davos Download</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Extra Mile 40: True heroes of finance</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance/2014/">FN100 Women 2014</a> </li> <li style="float:left; height:100%;display:block;" id="tradingandtechnology" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2012-02-20/financial-news-license-offer?mod=quicklink">Moving jobs?</a> </li> </ul> </div> </div><a id="mainnavigation-tradingandtechnology" class="trading-technology" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology?mod=mainnav">Trading & Technology</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="people" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/people?mod=secondnav">People News</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/most_influential?mod=secondnav">FN100 Most Influential</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40?mod=secondnav">40 Under 40 Rising Stars</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance?mod=secondnav">FN100 Women in Finance</a></li><li class=""><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/jobs?mod=secondnav">Jobs</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/private_equity/2015/">Private Equity Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=quicklink">Financial Conduct Roundtable</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Hedge Fund Rising Stars</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=quicklink">FN Focus: Conduct Risk</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.streamingrivers.com/wef-davos-2015-webcasts?utm_source=PB&utm_medium=email&utm_campaign=Davos_2015_Webcasts">Davos Download</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/">Extra Mile 40: True heroes of finance</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=""> <a target="_blank" href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/fn100/women_in_finance/2014/">FN100 Women 2014</a> </li> <li style="float:left; height:100%;display:block;" id="people" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-04-20/financial-news-emolument-salary-survey-2015?mod=quicklink">FN Salary Survey</a> </li> </ul> </div> </div><a id="mainnavigation-people" class="people" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/people?mod=mainnav">People</a> </li><li class="nav-main-top"><div class="nav-nested"><ul id="fintech" class="nav-sections"><li class=""><a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/other/fintech/2014?mod=secondnav">Fintech 40</a></li><li class=""><a href="/web/20150527192927/http://www.efinancialnews.com/special-reports/2014-12-01/fintech-news-november-2014?mod=secondnav">Fintech Magazine</a></li><li class=""><a href="/web/20150527192927/http://www.efinancialnews.com/account/email-services?mod=ad-emails?mod=secondnav">Sign up for Fintech newsletter</a></li></ul><div class="nav-quicklinks" style="overflow: hidden; width: 940px;height:30px;"> <p><strong>Highlights:</strong></p> <ul style="height: 100%;"> <li style="float:left; height:100%;display:block;" id="fintech" class=" last"> <a target="_blank" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-01-28/fintech-roundup-mark-beeston-illuminate-financial-fintech-exits-european-investment?mod=quicklink">FinTech Roundup</a> </li> </ul> </div> </div><a id="mainnavigation-fintech" class="fintech" href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/fintech?mod=mainnav">fintech</a> </li></ul> </div> <script type="text/javascript"> // ie6:hover var arHoverables = $('#nav-publications-more,.btn,.nav-main-top'); if (arHoverables.length > 0) { $(arHoverables).each(function(i) { var $this = $(this), $active; $this.bind('mouseover', function() { _$this = $this; if (_$this.hasClass('nav-main-top')) { if (_$this.hasClass('active')) { return; } $active = _$this.parent().find('.active'); $active.removeClass('active'); } if (_$this.hasClass('btn-s')) { _$this.addClass('btn-s-hover'); } else { _$this.addClass('hover'); } }); $this.bind('mouseout', function() { _$this = $this; if ($active !== undefined) { $active.addClass('active'); } _$this.removeClass('btn-s-hover'); _$this.removeClass('hover'); }); }); } </script> </div> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-02-16/financial-news-special-report-focus-on-financial-conduct?mod=banner" id="fn_banner"></a> <div id="content"> <div id="wrapper"> <div class="home-content" id="content-primary"> <!--Breaking News--> <!--Featured Top Stories--> <div class="col-xxl" id="top-feature-unit"> <div class="top-feature-story" id="top-feature-story-1"> <div id="top-feature-image"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/aberdeen-buys-flag-capital"> <img width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://assets.efinancialnews.com/2015/05/IMG005268_rect300x200.jpg" class="imagehover" alt="Aberdeen flies Flag in US"/> </a> </div> <div id="top-feature-content"> <h2> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/aberdeen-buys-flag-capital?mod=home-top">Aberdeen flies Flag in US</a> </h2> <p>The purchase of alternatives investor Flag Capital Management lays foundations for Aberdeen to become a global private equity investor</p> <ul> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-03-27/aberdeen-private-equity-consolidation-takes-shape?mod=home-top">Aberdeen's private equity consolidation takes shape</a> </li> </ul> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/assetmanagement?mod=home-top">Asset Management</a> </p> </div> </div> <div class="top-feature-story" id="top-feature-story-2" style="display:none;"> <div id="top-feature-image"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/intercontinental-exchange-lifts-lid-on-libor-benchmark-revenues"> <img width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://assets.efinancialnews.com/2015/05/IMG005259_rect300x200.jpg" class="imagehover" alt="ICE lifts the lid on revenues from Libor unit"/> </a> </div> <div id="top-feature-content"> <h2> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/intercontinental-exchange-lifts-lid-on-libor-benchmark-revenues?mod=home-top">ICE lifts the lid on revenues from Libor unit</a> </h2> <p>US derivatives exchange has faced questions from analysts on recent earnings calls about providing a breakdown of its benchmark revenues</p> <ul> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-21/libor-fx-fines-the-story-so-far?mod=home-top">Interbank and FX fines: The story so far</a> </li> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-03-02/benchmarkers-failing-to-comply-with-iosco-rules?mod=home-top">Benchmarkers failing to comply with Iosco rules</a> </li> </ul> <p class="sectorlink"> <a 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href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/bank-of-england-official-received-emails-relating-to-libor-manipulation-says-prosecutor?mod=home-top">BoE official received emails relating to Libor manipulation</a> </h2> <p>UK prosecutor says Martin Mallett received emails in which brokers made suggestions of where to set Libor</p> <ul> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/tom-hayes-described-as-greedy-in-uk-libor-trial?mod=home-top">Alleged ringmaster in Libor trial described as greedy and dishonest</a> </li> </ul> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology?mod=home-top">Trading & Technology</a> </p> </div> </div> <div class="top-feature-story" id="top-feature-story-4" style="display:none;"> <div id="top-feature-image"> <a 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href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/bank-of-england-official-received-emails-relating-to-libor-manipulation-says-prosecutor?mod=home-top" class="top-feature-nav-item " id="top-feature-nav-item-3">BoE official received emails relating to Libor manipulation</a></strong> </li> <li id="top-feature-nav-4"> <strong><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/credit-suisse-fintech-duo-try-to-be-more-than-just-money?mod=home-top" class="top-feature-nav-item " id="top-feature-nav-item-4">Credit Suisse fintech duo try to be more than just money</a></strong> </li> </ul> </div> </div> <!--Top Stories--> <div class="col-m-group"> <div class="col col-m" id="top-stories"> <ul class="items"> <li class="item"> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/emolument-salary-data-bank-director-bonus"> <img width="105" height="70" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074669191_c300,200,50,50,100.jpg" class="imagehover" alt="And the bank that pays its directors the biggest bonus is..."/> </a> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/emolument-salary-data-bank-director-bonus?mod=home-news">And the bank that pays its directors the biggest bonus is...</a> </h3> <p>Salary benchmarking site Emolument.com has looked at 2015 salary data for front-office directors at 15 investment banks in London. 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<p>Quartet of hires follows arrival of team head in January as Trium Capital preps summer product launch</p> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/assetmanagement?mod=home-news">Asset Management</a> - <a href="/web/20150527192927/http://www.efinancialnews.com/assetmanagement/hedge-funds?mod=home-news">Hedge Funds</a> </p> </li> <li class="item"> <div class="hr"><hr/></div> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/ubs-hires-emea-rates-sales-head-mark-tinworth-from-citigroup"> <img width="105" height="70" src="https://web.archive.org/web/20150527192927im_/http://assets.efinancialnews.com/2015/05/IMG005256_rect300x200.jpg" class="imagehover" alt="UBS hires Citi salesman to head Europe rates sales"/> </a> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/ubs-hires-emea-rates-sales-head-mark-tinworth-from-citigroup?mod=home-news">UBS hires Citi salesman to head Europe rates sales</a> </h3> <p>Appointment comes at a time when rates businesses across investment banks are undergoing structural and personnel changes</p> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology?mod=home-news">Trading & Technology</a> - <a href="/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology/people?mod=home-news">People</a> </p> </li> <li class="item"> <div class="hr"><hr/></div> <h3 class="fauxh4-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/private-equity-harbourvest-welsh-carson-fund-stakes?mod=home-news">HarbourVest to buy second-hand fund stakes from CPPIB</a> </h3> <ul> <li> <p><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-04-09/cppib-private-equity-fund-stakes-secondaries-sale?mod=home-news">CPPIB weighs sale of $1.5bn of private equity fund stakes</a></p> </li> </ul> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/privateequity?mod=home-news">Private Equity</a> </p> </li> <li class="item"> <div class="hr"><hr/></div> <h3 class="fauxh4-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/firms-crank-up-sterling-loan-deals-as-uk-bond-market-wanes?mod=home-news">Firms crank up sterling loan deals as UK bond market wanes</a> </h3> <p class="sectorlink"> <a href="/web/20150527192927/http://www.efinancialnews.com/investmentbanking?mod=home-news">Investment Banking</a> </p> </li> </ul> </div> <!--Opinion Panel--> <div class="col col-m comments" id="opinion"> <h2 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/comment?mod=home-opinion" title="Opinion"> <span>Opinion</span> </a> </h2> <ul class="items"> <li class="item"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/cmbs-market-is-rebuilding-brick-by-brick?mod=home-opinion"><img height="70" width="70" src="/web/20150527192927im_/http://www.efinancialnews.com/img/default-comment.png" class="imagehover" alt="Charles Roberts"/></a> <p class="author-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/cmbs-market-is-rebuilding-brick-by-brick?mod=home-opinion">Charles Roberts</a> </p> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/cmbs-market-is-rebuilding-brick-by-brick?mod=home-opinion">Brick by brick, CMBS market is rebuilding</a> </h3> <p>Driven by investors’ search for yield, the demand for CMBS is already very high and the coming year could see a further rise</p> </li> <li class="item"> <div class="hr"><hr/></div> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/investment-banks-must-try-harder-to-improve-conduct-next-term?mod=home-opinion"><img height="70" width="70" src="/web/20150527192927im_/http://www.efinancialnews.com/share/media/images/2014/09/4073827588.jpg" class="imagehover" alt="David Wighton"/></a> <p class="author-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/investment-banks-must-try-harder-to-improve-conduct-next-term?mod=home-opinion">David Wighton</a> </p> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/investment-banks-must-try-harder-to-improve-conduct-next-term?mod=home-opinion">Banks must try harder to improve conduct next term</a> </h3> <p>Instead of the masters making rules, the best way for the boys of Banking House to improve their behaviour is for them to supervise themselves</p> </li> <li class="item"> <div class="hr"><hr/></div> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/bank-trading-gains-take-spring-break?mod=home-opinion"><img height="70" width="70" src="https://web.archive.org/web/20150527192927im_/http://assets.efinancialnews.com/2015/05/IMG005242_square70.jpg" class="imagehover" alt="Bank trading gains take spring break"/></a> <h4> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/bank-trading-gains-take-spring-break?mod=home-opinion"><img class="heard-logo" width="143" height="10" src="/web/20150527192927im_/http://www.efinancialnews.com/img/heard-on-the-street.png" alt="Bank trading gains take spring break"/></a> </h4> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/bank-trading-gains-take-spring-break?mod=home-opinion">Bank trading gains take spring break</a> </h3> <p>Activity on Wall Street's FICC trading desks appears to have slowed significantly in the second quarter</p> </li> </ul> </div> <!--Photo Gallery--> <div class="col col-m nofloat"> <h2 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/photogalleries?mod=home-photos" title="Photo Galleries"> <span>Photo Galleries</span> </a> </h2> <div id="photo-gallery"> <ul class="photo-gallery-slider"> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/top-financial-sponsors-investment-bankers-may-2015?mod=home-photos"><img id="picture-top-financial-sponsors-investment-bankers-may-2015" width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074662188_c300,200,50,50,100.jpg" title="In Pictures: Banking's new sponsors hot shots|http://www.efinancialnews.com/gallery/top-financial-sponsors-investment-bankers-may-2015|top-financial-sponsors-investment-bankers-may-2015"/></a> </li> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-bedford-row?mod=home-photos"><img id="picture-fn-city-property-of-the-week-bedford-row" width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074648534_c300,200,50,50,100.jpg" title="FN City Property of the Week – Bedford Row|http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-bedford-row|fn-city-property-of-the-week-bedford-row"/></a> </li> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-park-vista-tower?mod=home-photos"><img id="picture-fn-city-property-of-the-week-park-vista-tower" width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074630220_c300,200,100,50,100.jpg" title="FN City Property of the Week – Park Vista Tower|http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-park-vista-tower|fn-city-property-of-the-week-park-vista-tower"/></a> </li> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/gallery-financial-news-hedge-fund-awards-2015?mod=home-photos"><img id="picture-gallery-financial-news-hedge-fund-awards-2015" width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074607883_c300,200,50,50,100.jpg" title="In Pictures: FN Hedge Fund Awards 2015|http://www.efinancialnews.com/gallery/gallery-financial-news-hedge-fund-awards-2015|gallery-financial-news-hedge-fund-awards-2015"/></a> </li> <li> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-pan-peninsula-canary-wharf?mod=home-photos"><img id="picture-fn-city-property-of-the-week-pan-peninsula-canary-wharf" width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074604700_c300,200,100,50,100.jpg" title="FN City Property of the Week – Pan Peninsula|http://www.efinancialnews.com/gallery/fn-city-property-of-the-week-pan-peninsula-canary-wharf|fn-city-property-of-the-week-pan-peninsula-canary-wharf"/></a> </li> </ul> </div> </div> </div> <div class="clear"> </div> <!--Special Reports--> <div class="col col-xxl" id="special-reports"> <h2 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports?mod=home-reports" title="Special Reports - Financial News"> <span>Special Reports</span> </a> </h2> <div class="special-reports-item" style="margin-right:20px;"> <div class="special-reports-wrapper"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-07/financial-news-hedge-fund-awards-2015-the-winners?mod=home-reports"> <img width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074607555_c300,200,50,50,100.jpg"/> </a> <h3><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-07/financial-news-hedge-fund-awards-2015-the-winners?mod=home-reports">FN Hedge Fund Awards 2015: The Winners</a></h3> </div> <ul class="items"> <li class="item"> <p>Financial News last night held the annual Awards for Excellence in Institutional Hedge Fund Management, Europe, at London's One Mayfair. Here are profiles of the winners</p> </li> <li class="item"> <p><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-07/financial-news-hedge-fund-awards-2015-the-winners?mod=home-reports">> View all articles for this report</a></p> </li> </ul> </div> <div class="special-reports-item"> <div class="special-reports-wrapper"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=home-reports"> <img width="300" height="200" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074595217_c300,200,50,50,100.jpg"/> </a> <h3><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=home-reports">FN Financial Conduct Roundtable</a></h3> </div> <ul class="items"> <li class="item"> <p>Financial News brings together a panel of industry experts to shed light on the progress investment banks have made in managing conduct risk</p> </li> <li class="item"> <p><a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/special-reports/2015-05-04/financial-news-financial-conduct-roundtable-2015?mod=home-reports">> View all articles for this report</a></p> </li> </ul> </div> </div> <div class="clear"> </div> <div class="col-m-group"> <!--Power Lists--> <div class="col col-m" id="powerlists"> <h2 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/?mod=home-lists" title="Power Lists"> <span>Power Lists</span> </a> </h2> <div class="powerlists-item"> <div class="powerlists-wrapper"> <a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/legal_services/2015/?mod=home-lists" title="Power Lists"> <img width="300" height="200" src="/web/20150527192927im_/http://www.efinancialnews.com/img/40under40.jpg"/> </a> <h3 class="fauxh3-item-title"> <a href="https://web.archive.org/web/20150527192927/https://lists.efinancialnews.com/40_under_40/legal_services/2015/?mod=home-lists">40 UNDER 40 LEGAL SERVICES 2015</a> </h3> </div> </div> </div> <!--Latest People Moves--> <div class="col col-m"> <h2 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/people?mod=home-people"> <span>Latest People Moves</span> </a> </h2> <ul class="items"> <li class="item"> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/trium-capital-andrea-ash-stephen-ikle-larry-lau-chris-howland?mod=home-people">Andrea Ash</a> </h3> <p class="item">Unknown > Trium Capital</p> </li> <li class="item"> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/trium-capital-andrea-ash-stephen-ikle-larry-lau-chris-howland?mod=home-people">Larry Lau</a> </h3> <p class="item">Unknown > Trium Capital</p> </li> <li class="item"> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/trium-capital-andrea-ash-stephen-ikle-larry-lau-chris-howland?mod=home-people">Chris Howland</a> </h3> <p class="item">Unknown > Trium Capital</p> </li> <li class="item"> <h3 class="item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/trium-capital-andrea-ash-stephen-ikle-larry-lau-chris-howland?mod=home-people">Stephen Iklé</a> </h3> <p class="item">Unknown > Trium Capital</p> </li> </ul> </div> </div> <div class="clear"> </div> <h2 class="fauxh6 more-news"> <span>More News...</span> </h2> <div class="col-m-group"> <div id="more-news-top"> <!--Asset Management--> <div class="col col-m"> <h6 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/assetmanagement?mod=home-more-am" title="Asset Management – Pensions, Hedge Funds, Wealth, Investor Services - Financial News"> <span>Asset Management</span> </a> </h6> <ul class="items"> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/investment-association-to-discuss-executive-pay-clampdown?mod=home-more-am">Fund managers discuss executive pay curbs</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/pension-funds-build-cash-reserves-in-pretty-stretched-markets?mod=home-more-am">Pension funds build cash reserves in ‘pretty stretched’ markets</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/violent-trend-reversals-hit-cta-hedge-funds?mod=home-more-am">‘Violent’ reversals hit trend-following hedge funds</a> </h3> </li> </ul> <br style="clear:both;"/> </div> <!--Investment Banking--> <div class="col col-m"> <h6 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/investmentbanking?mod=home-more-ib" title="Investment Banking – M&A, ECM, DCM, Sales & Trading - Financial News"> <span>Investment Banking</span> </a> </h6> <ul class="items"> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/goldman-sachs-names-new-head-of-sponsors-m-and-a?mod=home-more-ib">Goldman Sachs names head of sponsors M&A;</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/charter-time-warner-deal-boosts-ubs-americas-ambitions?mod=home-more-ib">Financing role boosts UBS's American ambitions</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/deutsche-bank-agrees-to-pay-55-million-to-securities-and-exchange-commission?mod=home-more-ib">Deutsche Bank agrees to pay $55m to SEC</a> </h3> </li> </ul> <br style="clear:both;"/> </div> <br style="clear:both;"/> </div> <div id="more-news-bottom"> <!--Private Equity--> <div class="col col-m"> <h6 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/privateequity?mod=home-more-pe" title="Private Equity - News on Private Equity, Fundraising, Restructurings, Venture Capital - Financial News"> <span>Private Equity</span> </a> </h6> <ul class="items"> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/private-equity-threatened-with-dutch-clampdown?mod=home-more-pe">Private equity threatened with Dutch clampdown</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/gallery/top-financial-sponsors-investment-bankers-may-2015?mod=home-more-pe">In Pictures: Banking's new sponsors hot shots</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/towerbrook-makes-hires-and-promotion-may-2015?mod=home-more-pe">TowerBrook adds four in fresh hiring round</a> </h3> </li> </ul> <br style="clear:both;"/> </div> <!--Trading & Technology--> <div class="col col-m"> <h6 class="fauxh6"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/tradingandtechnology?mod=home-more-tt" title="Trading & Technology - News on Trading, Broking, Market Infrastructure, Regulation, Derivatives - Financial News"> <span>Trading & Technology</span> </a> </h6> <ul class="items"> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/deutsche-borse-seals-joint-venture-with-chinese-exchanges?mod=home-more-tt">Deutsche Börse seals joint venture with Chinese exchanges </a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-27/societe-generale-bache-deal-illustrates-commodity-trading-woe?mod=home-more-tt">SocGen deal for Bache illustrates commodity trading woe</a> </h3> </li> <li class="item item-alt"> <h3 class="fauxh5-item-title"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-26/tom-hayes-described-as-greedy-in-uk-libor-trial?mod=home-more-tt">Alleged ringmaster in Libor trial described as greedy and dishonest</a> </h3> </li> </ul> <br style="clear:both;"/> </div> <br style="clear:both;"/> </div> </div> <div class="clear"> </div> <!--Top Picks--> <div class="col col-xxl" id="top-picks"> <h2 class="fauxh6"> <a title=""><span>Top Picks</span></a> </h2> <div class="top-picks-items"> <div class="top-picks-item"> <div class="top-picks-wrapper"> <a href="https://web.archive.org/web/20150527192927/http://www.efinancialnews.com/story/2015-05-25/axa-im-chief-maps-out-plan-for-new-territories-andrea-rossi?mod=home-toppicks"> <img width="200" height="133" src="https://web.archive.org/web/20150527192927im_/http://media.efinancialnews.com/share/media/images/2015/05/4074663392_c300,200,50,50,100.jpg" title="Axa IM’s chief maps out plan for new territories"/> </a> <h3 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