Rockport Finance, a team of specialists in Investment Asset Management, Financial Advice and Research spearheaded by Henry Miller McTavish in Hong Kong have announced that Effective from the 1st of June 2012, Edward Li, currently a Client Relations manager for Chuzing Trading, Beijing will become the new Client Relations Team Leader for Rockport Finance.
Rockport Finance’s new Client Relations Team Leader Edward Li will enlarge the number of current team leaders for the company’s Clients Relations Team to 6. Edward Li is the first leader however, to join the group from outside the firm having never worked for Rockport Finance before.
"I am very pleased that Edward has accepted our company’s proposal to join us here in Hong Kong. Edward's broad and exceptional experience with doing business in the ever expanding Asia Pacific Region as well as his deep knowledge and understanding of the business environment in more developed western European markets will be a significant asset for us. Opening up the partnership structure is in line with Rockport Finance strategy of becoming one of the leading investment groups in the Asia Pacific region," Sarah Van Der Kaan - Director of Client Advisory Services for Rockport Finance.
http://rockportfinance.com/
http://rockportfinance.com/
Speaking about his new appointment Mr. Li went on to say “Joining the team at Rockport Finance is an exciting career move and a new challenge for me. “ “I am really looking forward to working with the already exceptional team at Rockport Finance and I am also excited about adding my input to help the company stronger for all our clients in the coming weeks, months and years.”
Rockport Finance website: http://rockportfinance.com/
About Rockport Finance:
At Rockport Finance Investments, we understand that decisions such as when to invest and how much to invest are the most important aspects of any effective investment strategy. Rockport Finance are ready to help you find the solution that fulfills your specific investment goals.
Rockport Finance offers you a detailed investment plan that caters your needs, goals and aspirations. Easy and quick are two words that do not go well with anything investment related, unless you let us do the hard work of planning and organizing your investment portfolio.
At Rockport Finance, we believe that your personal goals and requirements should always take priority. Our goal is to cater for your specific investment needs, as complex or simple as they might be.
Would you like to secure financial independence for yourself and your family? Perhaps your goal is to leave a long lasting philanthropic legacy for generations to come. All this and so much more can be achieved if you have the right team backing you up and giving you that one piece of the puzzle that is the key to successful investing – information.
At Rockport Finance, we will tell you when, in which opportunities and how much capital to invest, while keeping your goals at the top of our priorities. Your financial wellbeing ensures our continuous ability to provide you with the best advice and insightful knowledge of the markets are the cornerstone of how we operate at Rockport Finance.
Finance and Services looking for a CIO - CIO Australia
The New South Wales Department of Finance and Services division is recruiting a chief information officer (CIO).
The CIO will be responsible for driving the ICT strategy of the department and leading the consolidation of technology requirements across the entire department. This will include promoting the department’s technology agenda and utilising leading-edge technology.
The CIO will also ensure the security and ongoing operational delivery of information systems is carried out, along with software applications, hardware and technology networks.
The CIO is expected to be visionary, pragmatic and able to find opportunities to drive change with innovative technology solutions.
The department requires job candidates to have experience managing costs and maximising results, have effective communication skills with stakeholders, be able to provide technical advice to the executive team and have success in using technology to drive change in large and complex environments.
The CIO will be in charge of an $85m operating budget and a $50m capital works budget.
The CIO will report to the deputy director general - corporate services.
The contract will be for up to five years.
Applications close 12 June, 2012.
Follow Stephanie McDonald on Twitter: @stephmcdonald0
Forex: AUD/USD sits around 0.9650 as analyst speculate on RBA cuts - FXStreet.com
FOREX-Euro inches down towards 2-yr low after rebound - Reuters UK
* Euro shorts hit record high -CFTC
* Yen off highs as market wary of intervention
* Liquidity thin, jitters spark blip up in the yen
By Antoni Slodkowski
TOKYO, June 4 (Reuters) - The euro edged back towards a two-year low against the dollar on Monday, failing to hold on to the previous session's gains as concerns over the euro zone and sluggish global growth overcame hopes for more fiscal stimulus in the wake of a grim U.S. jobs report.
The jobs data suggested the euro zone debacle, which pulled the single currency down by about 6 percent last month, is taking its toll on the world's largest economy, stoking fears of a worldwide slowdown compounded by gloomy manufacturing data from China and Europe.
The euro slid 0.3 percent to $1.2400, moving closer to $1.2288, its lowest level since July 2010 hit on Friday. London markets were closed on Monday, leaving many players stuck on the sidelines and boosting volatility, investors said.
More light on potential monetary stimulus is expected on Thursday, when the Fed chief Ben Bernanke testifies before a congressional committee about the U.S. economy. Until then, the euro zone is poised to dominate the agenda, traders said.
"The simple logic that you sell the dollar and buy the euro on hopes for more easing to many people just doesn't make sense," said Masahide Sato, vice president at Mizuho Corporate Bank's forex division in Tokyo.
"Although the probability of more QE has risen as global economy slows down, the worries over the euro zone are too big to be ignored and traders just want to move out of the euro," he said.
The euro's sell-off intensified after Spain's borrowing costs spiked on jitters it may need to issue more bonds to bolster ailing banks, putting more stress on markets already anxious that Greece may exit the euro zone.
Spanish Prime Minister Mariano Rajoy called on Saturday for the establishment of a central authority that would oversee and coordinate fiscal policy in the euro zone. Germany also wants a big leap forward in euro integration, but investors are doubtful whether moves towards closer integration will be able to restore market confidence.
For now, market players said there were no reasons to actively buy the single currency, but warned there could be bouts of short-covering. Short positions in the euro surged to 195,361 contracts - the highest on record, the Commodity Futures Trading Commission said.
Meanwhile, bets in favour of the U.S. dollar rose to their highest since at least mid-2008.
NERVOUSNESS ALL OVER
But the single currency edged up 0.2 percent against the yen to 96.95 yen, staying above an 11-1/2-year low of 95.59 yen struck on Friday.
With the safe-haven yen's broad surge last week on the back of heightened risk aversion, including its rise to a 3-1/2-month high versus the dollar, traders have grown jittery about the potential for Japanese yen-selling intervention.
"It's not an issue of risk-on or risk-off anymore, it's nervousness all over until a clear direction emerges on a long-term trend," said Hisamitsu Hara, chief FX manager at Bank of Tokyo-Mitsubishi UFJ.
"Currencies are locked in ranges with high volatility, with both the euro and the dollar facing limited upside due to their problems, while the yen's upside is also capped by wariness about intervention," he said.
The dollar inched up 0.2 percent to 78.17 yen but was still not far off Friday's trough of 77.65, the greenback's lowest since mid-February.
Underscoring the skittishness in markets, the dollar briefly jumped to as high as 78.50 yen after the benchmark Nikkei opened down 1.9 percent, with traders citing buying by a Japanese and a foreign bank.
Hara thought the dollar is likely to be stuck between mid-77 to above 78 yen with intervention fears preventing the yen's sharp appreciation beyond mid-77 yen. "There is a psychological barrier around mid-77 yen," he said.
Bank of Japan Governor Massaaki Shirakawa said the bank is carefully watching the effect that recent rises in the yen could have on the country's economy and business sentiment, although his comments had no immediate market impact.
The risk-sensitive Australian dollar fell 0.5 percent to $0.9645. (Additional reporting by Chikako Mogi in Tokyo and Masayuki Kitano in Singapore)
EU finance ministers haggle over bank rules - Yahoo Finance
BRUSSELS (AP) -- European Union finance ministers are to meet in in Brussels Tuesday to hammer out an agreement over how high banks should build their defenses against future financial shocks, with the U.K. running the risk of being isolated over who should set the height.
The EU's 27 members agree on the need to increase capital reserves of banks, following an international agreement called Basel III, which was negotiated by the world's largest economies to avoid another financial meltdown such as the one brought on by the collapse of U.S. investment bank Lehman Brothers in 2008.
But the U.K. wants national regulators to be able to set requirements significantly higher than those of the EU — a position opposed by almost all other EU members, who fear investors might then prefer UK banks and flee from those in other countries.
On his way into the meeting Tuesday morning, George Osborne, the British chancellor of the exchequer, was non-committal about the possibility of reaching an agreement.
"This is a time of considerable uncertainty in the eurozone economies," he said, referring to the 17 countries — the U.K. not among them — that use the euro currency. "And that uncertainty is undermining the entire European recovery. And I think we're reaching a point where we've got to make a decision to see the eurozone stand behind their currency. A very important part of that, of course, is strengthening the entire European banking system. And that is what we intend to do today."
Once enacted, Basel III would require lenders to increase their highest-quality capital — such as equity and cash reserves — gradually from 2 percent of the risky assets they hold to 7 percent by 2019. An additional 2.5 percent would have to be built up during good times. All members of the G-20 have agreed to implement Basel III; if the European Union succeeds, it would become the first entity to institute the new requirements.
The U.K. is arguing that, because national taxpayers have to bail out banks when they fail, national authorities should be able to set more stringent requirements to guard against such failures. A compromise proposal offered by the Danes, who hold the rotating presidency of the European Union, would allow national authorities some leeway to increase requirements beyond those called for in the Basel III agreement. That proposal has broad support — except, so far, from the U.K.
The finance ministers can approve the compromise proposal without British support, through what is known as qualified majority voting, in which member countries have different numbers of votes according to their populations. However, there is a tradition in the EU that changes that would affect an industry in a particular country — such as the banking sector in the U.K. — are not forced into effect over the objections of that country, and consensus is sought.
"I think there should be a unanimous decision on such an important issue," Swedish Finance Minister Anders Borg said on his way into the meeting.
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