SteelEye partners with the Anchor Group to bring its MIFiD II solution to the Swiss market

SteelEye, the compliance technology and data analytics firm, today announced that it has partnered with specialist Swiss financial firm, Anchor Group, to bring its MIFiD II cloud-based solution to the Swiss market. The new partnership will see SteelEye establish a presence in Switzerland in order to help Swiss firms meet their regulatory obligations under MiFID II and other key regulatory directives. It marks the first step in SteelEye’s international expansion, with further EU offices planned.

Anchor Group is one of Switzerland’s leading independent and regulated investment firms supporting mid-market banks, family offices and wealth managers across the country. With offices in Zurich and Geneva, the company serves over 3000 financial institutions in the country.

SteelEye and Anchor Group’s combined expertise and resources will provide Swiss firms with a comprehensive, market-leading, technology-based solution to meet the increasing regulatory demands they face under MiFID II and other regulatory and reporting obligations. The record-keeping and reporting burdens imposed on firms by regulations such as Dodd Frank, EMIR, AIMFD, and the upcoming MiFIR and MiFID II, translate into unprecedented requirements for data storage and transaction reporting with significant risk of sanctions and reputational damage for non-compliance. SteelEye helps firms to solve their regulatory challenges, while reducing cost and complexity. The SteelEye solution brings added benefits by allowing firms to harvest insight from their consolidated data.

Matt Smith, CEO at SteelEye, commented: “Many Swiss firms are still unaware of the impact MiFID II will have on their business, and have thus not made any contingency plans ahead of the impending deadline. This partnership will enable us to work with firms in Anchor’s network to help meet their regulatory challenges, whilst enabling them to gain valuable insights from their own commercial and communications data.”

Trivan Mathur, Managing Partner at Anchor Group, commented: “The Anchor Group is pleased to invest in and partner with SteelEye, a young UK-based firm, for their expansion into Switzerland. SteelEye is a RegTech and data analytics specialist delivering customer insights while redefining how financial institutions meet stringent MiFID II compliance requirements at disruptive prices. Started by an experienced team of executives from Bloomberg and other financial institutions, SteelEye has raised over GBP 2.5mn in capital and is servicing key financial centres in the UK, Germany, and Switzerland.

G-volution and KatOil partner with Anchor Markets for Indian expansion

G-volution, a leading provider of low-carbon, multi-fuel engine technology and KatOil, an international LNG supplier, have partnered with Anchor Markets, a Swiss-based cross-border investment and advisory firm, to support the company’s expansion into India. Anchor Markets shall help G-volution explore and conclude partnerships with leading OEMs and suppliers seeking clean-fuel technologies in the automotive, rail, and genset sectors in India.

G-volution has developed a suite of patented technologies that allow a diesel engine to co-combust with natural gas and other alternative fuels. The company also provides the only technology that can deliver Euro VI/Bharat VI emissions standards in dual fuel engines. The company’s award-winning technology is already well established in the UK, USA and Africa and has been deployed on commercial vehicles from Mercedes, Volvo, and MAN, and rail engines from Cummins and CAT.

Anchor will work together with G-Volution and Katoil, a US and UK-based LNG (Liquified Natural Gas) and LPG investment and trading business. Katoil has an extensive global network for trading and distribution to automotive, rail, marine and genset sectors.

Chris Smith, CEO of G-volution, stated: ‘We see considerable opportunity in helping India transition to a low-carbon future, at a cost that does not disrupt current economics. We are delighted to partner with the Anchor Group, to explore opportunities and identify partners for our expansion.”

Swapan Kataria, CEO of Katoil, said “we at Katoil are very excited to be able to promote and grow an innovative technology that will allow the transport and power generation industries across India and beyond to substantially reduce their diesel consumption, lower their operating costs, AND improve air quality all at the same time”

Trivan Mathur, Managing Partner of the Anchor Group, said “We are delighted to be supporting G-volution, whose proven technology and cost advantages are an excellent complement to the needs of India’s growing industrial energy needs. We look forward to bring this innovative technology to enable Indian manufacturers to meet stringent Bharat VI norms.”

Anchor Markets successfully exits Mera Gao Power

Anchor Markets is pleased to announce that it has exited its investment in Mera Gao Power (MGP), a leading provider of rural microgrid lighting services in Uttar Pradesh, India. The investment, structured as a fixed interest rate debt in 2013, was repaid in full to the syndicate of lenders.

MGP was part of Anchor Markets’ impact investment portfolio strategy. The company operates solar microgrids in Uttar Pradesh, one of India’s poorest states, providing rural villages with lighting and basic mobile power charging services. The company enables better education for children, greater security, and increased quality of life and activities in participating villages and households.

Anchor Group expands in India

The Anchor Group is pleased to announce an expanded presence in India, with the establishment of a partnership with V.V. Stratfin Private Limited. The expanded presence responds to increasing demand for investment, innovation, and market expansion across Europe and India. VVS shall provide the Anchor Group with an additional office in Delhi, in addition to our back-office presence in Mumbai.

“We are pleased to expand our footprint in India and to work with the entrepreneurial team at VV Stratfin to serve the growing needs of sophisticated Indian and European investors and company owners alike” said Trivan Mathur, Managing Partner of the Anchor Group.

VV Stratfin is a strategic investment and cross-border transaction advisory firm servicing family office and institutional investors in India, and is led by Gaurav Gulia, an experienced Chartered Accountant with over 15 years of cross-border advisory expertise.

India: Market Update January 2017

Prime Minister Modi’s immediate political stance relies on the clinical execution of the demonetisation programme. His 2014 campaign was built on a platform of delivering economic growth and stamping down on corruption. We now know that the five state elections are due to commence just a week after the national budget which has now been brought forward to 1 February. These elections across key states such as Uttar Pradesh will take place simultaneously with the results announced in mid-March.

2017 will be dominated by implementation, economic growth, local elections and of course, Donald Trump. His impact on India is yet to become clear but we believe India will remain a core focus of the US. The Indian stock market has taken some pain following Trump’s election victory as well as demonetisation, resulting in more attractive valuations.

Prime Minister Modi’s immediate political stance relies on the clinical execution of the demonetisation programme. His 2014 campaign was built on a platform of delivering economic growth and stamping down on corruption. We now know that the five state elections are due to commence just a week after the national budget which has now been brought forward to 1 February. These elections across key states such as Uttar Pradesh will take place simultaneously with the results announced in mid-March.

2017 will be dominated by implementation, economic growth, local elections and of course, Donald Trump. His impact on India is yet to become clear but we believe India will remain a core focus of the US. The Indian stock market has taken some pain following Trump’s election victory as well as demonetisation, resulting in more attractive valuations.

India: Market Update Nov 2016

Prime Minister Modi’s immediate political stance relies on the clinical execution of the demonetisation programme. His 2014 campaign was built on a platform of delivering economic growth and stamping down on corruption. We now know that the five state elections are due to commence just a week after the national budget which has now been brought forward to 1 February. These elections across key states such as Uttar Pradesh will take place simultaneously with the results announced in mid-March.

2017 will be dominated by implementation, economic growth, local elections and of course, Donald Trump. His impact on India is yet to become clear but we believe India will remain a core focus of the US. The Indian stock market has taken some pain following Trump’s election victory as well as demonetisation, resulting in more attractive valuations.