Magic Circle law firm Linklaters is racing to roll out artificial intelligence tools as professional services firms rush to adopt the new technology. “We want to get there quickly,” said Linklaters partner Marc Harvey, who is co-chairing the firm’s AI steering group. “What we’re very focused on is how do we get actual value through all … Read more
Frankfurt was ready to celebrate. Only a year after the 2016 Brexit referendum, the vast majority of US banks had set up their EU hubs in the German city. International school places were being block-booked ahead of relocations from the UK and property prices were rocketing. But the French government had other ideas. Emmanuel Macron, victorious … Read more
The real estate division of PGIM, the $1.3tn US-headquartered asset manager, has launched an innovation lab, partnering with University College London and other global institutions to develop new technologies. The lab, RealAssetX, will tap more than 50 years of data from PGIM Real Estate — as well as from third parties — to develop new technologies … Read more
Banks are rushing to get ahead of a major change in how trades are settled, roping in extra staff and resources to make sure they are ready. The move to T+1 settlement in the US — where trades must be settled within a day of the transaction — is still nine months away, but it is set … Read more