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Union Bancaire to acquire Danske Bank International’s Wealth Management Business

Union Bancaire to acquire Danske Bank International’s Wealth Management Business

Union Bancaire Privée, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privée (Europe) SA will acquire Danske Bank’s wealth management business in Luxembourg, operating through Danske Bank International SA (DBI). The transaction, which is an asset deal, is subject to the approval of the relevant regulatory bodies and is expected to be completed in the fourth quarter of 2021. 

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BlueVoyant acquires Marclay Associates

BlueVoyant acquires Marclay Associates

BlueVoyant, a cybersecurity services company, has acquired Marclay Associates, a UK-based cybersecurity consultancy that provides world-class incident response and cyber investigation services for global organisations, helping to protect them against increasingly sophisticated threat adversaries and cyber risk vectors. Supporting this acquisition, BlueVoyant will receive USD30 million in funding from existing investors, helping to stimulate further business growth across the region.

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Global ETF launches 24.06-01.07.21

Global ETF launches 24.06-01.07.21

ESG concerns dominated fund launches this week. Carbon offsetting specifically was a key theme, with BNP Paribas listing the BNP Paribas Easy Low Carbon 300 World PAC UCITS ETF, a thematic listed index fund offering savers an investment solution to reduce the carbon footprint of their portfolio, and Purpose Investment and HANetf launching Europe’s first carbon offset ETF on the LSE. HANetf also debuted new renewable energies and aviation thematic ETFs on Xetra, focusing on 50 companies worldwide that supply products for decentralised renewable power generation. IndexIQ launched a new ESG Core Plus Bond ETF in partnership with MacKay Shields, and iShares listed new sustainability-focused ETFs on Xetra, tracking the performance of medium-sized and large companies from the USA selected on the basis of standardised ESG exclusion filters. The first ESG-focused Gold Mining ETF is to launch on the LSE, allowing investors to access the gold mining sector in a responsible way. Finally, moving away from sustainable investing, 21Shares listed the Solana ETP on SIX Exchange, offering additional yield through staking rewards by validating transactions on the Solana blockchain.