First Read

Bits & Pieces
By John J. Lothian

Just for the record, Patrick Lothian is my nephew, not my son. He is also our head of video production and a very talented video artist. Several people congratulated me on his wedding yesterday, assuming he was my son.

Risk.net has opened one of its stories to the public, which is below. They opened their very tight paywall after discussions in London about how increase their readership. They produce great content and now you can get a taste to see if you want to subscribe.

I received a very nice goodbye and stay in touch note from the classy and dapper Magnus Bocker, who is leaving SGX as CEO. I greatly appreciated his leadership at SGX and look forward to what comes next for him.

So far, our Chicago edition of MarketsWiki Education World of Opportunity Summer Intern Education Series has five speakers confirmed, including CME’s Phupinder Gill, RCG’s Scott Gordon, HC Technologies’s Joe Niciforo, industry consultant Mary McDonnell, Barchart’s Mark Haraburda and Tradovate’s Rick Tomsic

In New York, we have five of the ten slots filled. Our speakers include Chris White (formerly of Goldman Sachs), Chris Ferreri (formerly of ICAP, now founder of Eight Point Strategies), Peter Borish of Quad Advisors, Haim Bodek (managing principal of Decimus Capital Markets) and Boris Ilyevsky of ISE.

We will be sending out a special report with the sign-up information this week.

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Clearing houses reduce risk, they do not eliminate it
Gary Cohn, FT
They can be centres of risk, amplifying problems instead of alleviating them, writes Gary Cohn
jlne.ws/1GEeqe0

***** If you want to eliminate the risk, you need to bury your head in the sand.

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Picture this: Richard Sandor’s art-filled office
LinkedIn
In a posting on Crain’s website, Stephen J. Serio writes an article outlining the artwork that is present in Richard Sandor’s office. The article is paired with a video, narrated by Richard Sandor, that walks the audience through some of the artwork and its origins.
jlne.ws/1SFYi1e

***** If a picture is worth a thousand words, Doc Sandor’s office is very wordy.

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At the Office, Millennials Are the Boss When It Comes to Technology; Younger workers offer support to befuddled older colleagues
By JENNIFER LEVITZ, WSJ
Larry Carpman has handled plenty of predicaments as an expert in crisis communications. But recently, the 62-year-old partner at Boston’s Northwind Strategies found himself stumped about how to edit his email signature.
jlne.ws/1LiEIWz

***** So why is this a story? Why is this news? It is the natural order of things.

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Market braced for upheaval as SEC signals ETF crackdown
Louie Woodall, Risk.net
US regulators are seeking greater oversight of the ETF creation and redemption process, amid rumblings from systemic risk watchdogs
Broker-dealers and exchange-traded fund (ETF) providers in the US are bracing themselves for a period of upheaval amid the arrival of a more stringent regulatory reporting regime, which many fear could augur heightened scrutiny of the booming sector.
jlne.ws/1TIcMiy

***** Here is the story from our friends at Risk.

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Drought May Prompt Californians to Let Personal Hygiene Slide
by Lauren Coleman-Lochner, Bloomberg
Forget the brown lawns. California’s historic drought may make the state’s residents less keen on washing their bodies and their homes.
jlne.ws/1BJcNNx

***** Back to once a week baths on Saturday and a pocket full of posey.

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P.R. Firm Alters the Wikipedia Pages of Its Star Clients
By MICHAEL CIEPLY, NY Times
Even by her own account, the supermodel Naomi Campbell’s 1994 album “Babywoman” didn’t amount to much.
jlne.ws/1Gx3QCw

****** This is like saying liars lie.

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‘Pulp Fiction’ Star Keitel Sues E*Trade Over Ad Campaign
by Chris Dolmetsch, Bloomberg
Harvey Keitel may be E*Trade Financial Corp.’s third-favorite actor.
The star of “Pulp Fiction” and “Bad Lieutenant” claims the online brokerage reneged last year on a $1.5 million deal to feature him in a series of television commercials, offering him a kill fee of $150,000 instead.
jlne.ws/1Hb3Lei

****** Harvey Keitel got beat out by a talking baby?

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A New York billionaire scouts for trading talent in Chicago
By LYNNE MAREK, Crain’s Chicago Business
Billionaire New York hedge fund magnate Paul Tudor Jones is turning to a couple of Chicagoans to help cultivate a new crop of traders. Tudor Investment is teaming with Chicago-based HC Technologies, led by futures industry executives Charles Carey and Joe Niciforo, to create a joint venture that could put as much as $200 million in the hands of 20 traders over the next two years
jlne.ws/1HaJNyk

***** You can hear directly from Joe Niciforo at our Summer Intern Education Series in Chicago. Don’t miss it.

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MarketsWiki

MarketsWiki Page of the Day
ICE Benchmark Administration

MarketsWiki Recent Updates

People

Andreas Preuss; David Ritchie; Thomas P. Lloyd; Tracy Wills-Zapata; David Karat; Tim Miller; Jon Najarian; Gavin Maguire; John W. Pietrowicz; Gary Morsches; Gary Katz

Companies, Organizations and Groups

Campbell & Company, LP; DASH Financial; Illinois Institute of Technology Stuart School of Business

Statistics

64,490,633 pages viewed, 8,213 articles, 192,518 edits
MarketsWiki Statistics

Lead Stories

China’s New Metals Exchanges Are Partners, Not Threats: LME CEO
BLOOMBERG
China’s rapid rise as a commodities trading destination is not a threat to established exchanges such as the London Metal Exchange, according to LME CEO Garry Jones.
jlne.ws/1QM1t9V

Crowd of Titans Gathers for Wall Street ‘Connector’ Jimmy Lee; The finance world gathers to mourn a legend
by Hugh Son, Amanda L Gordon and Jennifer Surane, Bloomberg
Luminaries of American capitalism gathered Monday to remember James B. “Jimmy” Lee as a Wall Street dealmaker who fought tirelessly for clients and befriended just about everyone he met.
jlne.ws/1SFXHMR

How the European Oil Industry Decided to Save the Climate
by Javier Blas, Bloomberg
It came together in Oslo. The chiefs of some of Europe’s biggest energy companies decided to pull an historic about-face. It was time to heed the protesters marching in the February snow outside their industry conference demanding action to counter global warming.
jlne.ws/1Gx6LLn

Major Money Manager Braces for Bond-Market Collapse
by Lisa Abramowicz, Bloomberg
TCW Group Inc. is taking the possibility of a bond-market selloff seriously.
jlne.ws/1BxjO3G

Regulators push to severe link between research and trading
Harriet Agnew, FT
Of the 40 or so research analysts who have covered tech company Twitter in 2015, only two houses have written sell notes on the stock, which has plummeted this year.
jlne.ws/1IwmkV6

Citadel Makes Inroads Into Swaps Arena; Hedge-fund firm steps into breach created by post crisis rules overhauling trading in interest-rate swaps
By KATY BURNE, WSJ
Citadel LLC has emerged as a top dealer in U.S. interest-rate swaps, becoming one of the first nonbank firms to step into a breach created by postcrisis rules overhauling trading in those derivatives.
jlne.ws/1LiJTG7

Terence Corcoran: Dark pools vs protectionism
Financial Post
Should Canadian investors be denied access to the vastly more liquid and dynamic U.S. investment market? Every now and then along comes a market regulatory issue that is incomprehensible to the average investor, but has parts of the industry in fighting form. It’s “dangerous” and “protectionist,” creates “barriers to trade” and puts retail investors “in a worse position.”
jlne.ws/1TKp0au

The Loneliness of the Short-Seller
By ALEXANDRA STEVENSON, NY Times
For some, they are the scourge of Wall Street. Yet short-sellers — investors who stake bets against stocks — are often the first to sound the alarm on a market’s froth or a company’s fraud.
jlne.ws/1SFYf5n

Regulators plan to extend bank bonus clawback period to 10 years
Caroline Binham, Financial Regulation Correspondent, FT
Bonuses will be able to be clawed back for as long as a decade for the most senior management of banks under proposals published on Tuesday by UK regulators.
jlne.ws/1K875WJ

Regulatory

Market watchdogs fight back against central banks; Policymakers fear bond market swings as rates rise; Watchdogs warn against bank-style rules for market players; Market supervisors fighting turf war with central banks
By Huw Jones, Reuters
An uneasy truce between market watchdogs and central banks, struck during the financial crisis, is showing signs of strain as they look for ways to tackle potentially extreme volatility in bond markets when interest rates start to rise.
jlne.ws/1Gx3Nqt

CFTC’s Division of Market Oversight Issues Updated Guidebook and Appendices for Part 20 Reports
CFTC
The U.S. Commodity Futures Trading Commission’s (Commission) Division of Market Oversight today issued an updated Guidebook and Appendices for Part 20 Reports. The Guidebook and Appendices provide guidance and detailed instructions for submitting large swaps trader reports to the Commission under Part 20 of the Commission’s regulations.
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U.S. SEC launches compliance review to protect retiree investors
BY SARAH N. LYNCH, Reuters
The U.S. Securities and Exchange Commission on Monday launched a program to ensure brokerages and advisers are offering reasonable investment advice and disclosing conflicts to retirement-age investors.
jlne.ws/1GllUR2

CFTC’s Division of Market Oversight to Host Public Roundtable Regarding the Made Available to Trade Process
CFTC
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) will hold a public roundtable on July 15, 2015, from 10:00 a.m. to 2:00 p.m. to discuss the Commodity Exchange Act’s trade execution requirement and the process of making Made Available to Trade (MAT) determinations. The roundtable will discuss: (1) approaches to mandatory exchange trading in various jurisdictions; (2) academic perspectives on, and data-based assessment of, MAT; and (3) industry analysis of the MAT process.
jlne.ws/1fwpRf5

Accounting watchdog probes KPMG over BNY Mellon compliance
Reuters
Britain’s accounting watchdog has opened an investigation into how accounting firm KPMG [KPMG.UL] made sure that Bank of New York Mellon complied with rules on keeping customer money safe.
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FCA regulated fees and levies
UK FCA
We are publishing rules on our 2015/16 regulatory fees and levies for the FCA, the pensions guidance levy, the Financial Ombudsman Service (ombudsman service) general levy, and the Money Advice Service.
jlne.ws/1e1eoTA

The Prudential Regulation Authority and The Financial Conduct Authority announce new rules on remuneration
UK FCA
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have today published new remuneration rules, which include changes to deferral and clawback of variable remuneration (e.g. bonuses).
jlne.ws/1ddAXnp

Strengthening the Alignment of Risk and Reward: New Remuneration Rules
UK FCA
The FCA and PRA have released new rules for remuneration of banking staff, following recommendations made by the Parliamentary Commission on Banking Standards (‘PCBS’). The rules seek to strengthen the alignment between risk and reward by introducing measures including longer deferral periods and clawback for all risk takers.
jlne.ws/1GlgeXa

Self-Regulatory Organization (SRO) Rulemaking and National Market System (NMS) Plans
SEC

    • NASDAQ: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Nasdaq Rules 7014 and 7018 (Release No. 34-75261; File No. SR-NASDAQ-2015-062)

 

    • NASDAQ: Order Approving a Proposed Rule Change Regarding NASDAQ Last Sale Plus (Release No. 34-75257; File No. SR-NASDAQ-2015-055)

 

    • NASDAQ: Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1, to Amend and Restate Certain Nasdaq Rules that Govern the Nasdaq Market Cente (Release No. 34-75252; File No. SR-NASDAQ-2015-024)

jlne.ws/1eCTnOv

ASIC updates guidance on collective action by investors
ASIC
ASIC today released updated regulatory guidance for investors to help them in taking collective action to improve the corporate governance of listed entities.
jlne.ws/1Glt7jP

Exchanges & Trading Facilities

NYSE Governance Services Announces 2015 Leadership Award Winners
Mondovisione
New York Stock Exchange Governance Services, a subsidiary of New York Stock Exchange (NYSE: ICE), today announced the winners and finalists of its 2nd annual Governance, Risk & Compliance Leadership Awards. The awards program recognizes exemplary leaders in governance, risk and compliance.
jlne.ws/1e1g6Ev

Elite Connect Investor Relations Portal Launches In Beta Phase
London Stock Exchange Group
London Stock Exchange Group (LSEG) today announces the launch, in beta phase, of ELITE Connect, a new social network for public companies, intermediaries and institutional investors. The open access platform facilitates interaction between global stakeholders, promoting connections, engagement and business.
jlne.ws/1HaPtsl

LSE begins testing on investor platform
The Trade News
The London Stock Exchange has started beta testing its new ELITE Connect platform with major European companies today ahead of a full launch later this year.
jlne.ws/1GEf23m

Euronext and Vigeo create a new ESG index dedicated to companies from emerging market countries
Euronext
Euronext, the primary exchange in the Eurozone, and Vigeo, the leading European agency in Corporate Social Responsibility ratings, will launch a new ESG Index on the 22 June 2015: Euronext-Vigeo EM 70.
jlne.ws/1SG3z95

Clearing & Settlement

Moody’s to reassess clearing house risks
Financial Times
The credit quality of clearing houses involved in derivatives and whether they are a potential source of systemic risk is triggering a reassessment of the industry by Moody’s, the rating agency.
jlne.ws/1e1h5oi

Clearing houses reduce risk, they do not eliminate it
Financial Times
What innovation has done most to reduce risk in capital markets in the past decade? A leading contender is surely the wider use of “central clearing”, which entails a single institution acting as the buyer to every seller and the seller to every buyer of a particular kind of security. Since these long and short exposures cancel each other out, it should be impossible for a clearing house to run into trouble if the market moves against it; its sole risk exposure is to the credit of its counterparties.
jlne.ws/1e1h43y

Dtcc’s john abel chats about t+2 isc’s proposed timeline for t+2 shift
WatersTechnology
John Abel of the DTCC gives his thoughts on the release of T+2 ISC’s white paper and the proposed timeline. After years of talk and speculation, it seems the US securities market has finally taken a step towards getting the ball rolling on reducing its settlement cycle to two days (T+2).
jlne.ws/1e1gKBU

Moody’s proposes new CCP ratings
Capital City | IFRe
Moody’s has proposed a new global methodology that will allow clearing members and end-users to assess and compare the soundness of central counterparty clearing house risk management practices.
The ability to compare risk management practices across CCPs is becoming crucial for market participants following new regulations that force standardised over-the-counter derivatives to clear through central counterparties.
jlne.ws/1e1gPpk

LCH.Clearnet launches clearing of European Senior Financials Credit Derivatives
Financial Industry & Algorithmic Trading News | Automated Trader
LCH.Clearnet’s CDSClear service has started clearing Markit iTraxx Senior Financials Indices along with all single name constituents of these indices. This is the first time that credit default swaps (CDS) referencing banks, including some of CDSClear’s clearing members, can be centrally cleared.
jlne.ws/1eFChkA

LCH.Clearnet launches clearing of European Senior Financials Credit Derivatives
LCH Clearnet; First CCP to offer its members the full range of European Senior Financials indices and single names for clearing; Participants now benefit from greater capital and margin efficiencies through portfolio margining; LCH.Clearnet is the only EMIR-authorised clearing house to clear credit default swaps
LCH.Clearnet SA (“LCH.Clearnet”), the global clearing house, today announced its CDSClear service has started clearing Markit iTraxx Senior Financials Indices along with all single name constituents of these indices. This represents a significant development for the industry as this is the first time that credit default swaps (CDS) referencing banks, including some of CDSClear’s clearing members, can be centrally cleared.
jlne.ws/1N4dEZz

CME Group Clearing Advisories
CME Group
OTC Holiday Advisory- Independence Day 22 Jun 2015
HOLIDAY SCHEDULE – July 3rd, 2015 Independence Day (Observed)
jlne.ws/1R9iqZG

Hedge Funds & Managed Futures

Hedge Fund Citadel Prepares to Launch New Stock-Picking Unit; Kenneth Griffin, founder and chief executive officer of Citadel LLC. ENLARGE
By ROB COPELAND, WSJ
Hedge-fund Citadel LLC is preparing to roll out a new stand-alone stock-picking division, the latest sign of the Chicago firm’s postcrisis resurgence.
jlne.ws/1TKwQ3U

Citadel brings back Jeff Runnfeldt to oversee stock-picking unit
Crain’s Chicago Business
Jeff Runnfeldt, who left Citadel LLC three years ago, is returning to start a stock-picking unit at Ken Griffin’s hedge fund firm.
jlne.ws/1HaRBA8

Gross’s Pimco Exit Shows Fund Risk Not Systemic, IOSCO Head Says
by David Michaels, Bloomberg
Pimco’s ability to cope with a stampede of investor withdrawals after Bill Gross’s departure gives credence to arguments that mutual funds don’t threaten the broader financial system, the chairman of a global group of market regulators said Monday.
jlne.ws/1BxjMZx

Investors Play the Confidence Game in Trusting Central Banks
By E.S. BROWNING, WSJ
Money managers are so sure of central banks’ ability to rescue economies and protect financial markets that they are largely shrugging off the risk of a Greek debt default and the likelihood of a Federal Reserve interest-rate increase in September, the first since 2006.
jlne.ws/1fwlXTu

Wealth Adviser: Advisers Need To Stay Abreast of ETFs’ Growing Complexity
By PATRICK GRAHAM, WSJ
A recent study by the Financial Planning Association found that 80% of financial advisers use or recommend ETFs for their clients’ portfolios. That’s up from 40% in 2006. Advisers say they like ETFs for their low cost, tax efficiency and transparency. But advisers should be mindful that the products also are growing in complexity and cost, notes Indiana-based adviser Valerie Chaille. “From smart-beta ETFs to leveraged and derivative-based products, there are many newer ETFs on the market today that are actively managed like mutual funds,” she writes on Wealth Adviser at WSJ.com. “Advisers need to be more aware of the features of the products they’re using with their clients and not base their decision to go with an ETF on name alone.”
jlne.ws/1LyL3v4

Copper’s supply glut takes shine off short-term price outlook
By Henry Sanderson and Neil Hume, FT
High in the mountains of Peru, one of the biggest copper projects ever developed is about to enter production, as its Chinese owners look beyond weak prices for the industrial metal.
jlne.ws/1FymOYA

Banks & Brokers

The High Price of Safer Banks
By JOHN CARNEY, WSJ
Banks have long complained equity is expensive. They may be right. In theory, a better capitalized, and so less risky, bank should have a lower cost of equity. Investors would charge less for funding due to greater perceived safety.
jlne.ws/1QND0Be

Barclays in talks to sell private equity unit to management: source
Reuters
British banking group Barclays (BARC.L) is in talks to sell its natural resources-focused private equity business to the unit’s management, a person familiar with the matter said on Tuesday.
jlne.ws/1Ngw1eF

Britain cuts Lloyds Banking Group stake to below 17 percent
Reuters
Britain has cut its stake in Lloyds Banking Group (LLOY.L) to below 17 percent, the finance ministry said in a stock market disclosure on Tuesday, taking the total sum recovered by the taxpayer to 11.5 billion pounds ($18.2 billion).
jlne.ws/1J1WniM

Indexes & Products

New Indexes Attempt to Predict Countries’ Readiness for Change
WSJ
Hockey star Wayne Gretzky once said, “I skate to where the puck is going to be, not where it has been.” That is great advice for hockey players and economy-watchers alike. Yet most economic data are backward-looking. Numbers on gross domestic product and employment point to where the economic puck has been, not where it’s headed.
jlne.ws/1e1hSp6

An Analysis Of A Long MSCI U.K./Short S&P 500 ETF Pairs Trade
Seeking Alpha
In a previous article written on May 22, I argued that a significant pairs trading opportunity exists through taking a long position on the FTSE 100 and a short position on the S&P 500. The purpose of this article is to both review the performance of this strategy in light of developments in June, and further discuss the strategy in the context of specific ETF performance.
jlne.ws/1eFCogf

What Are the Russell Stock Indexes?
Resource Investing News
Investors often look to various indexes in order to track market trends and decide which companies are worth investing in. While some are very well known, such as the Dow Jones Industrial Average (INDEXDJX:.DJI) and the S&P/TSX Composite (INDEXTSI:OSPTX), others, like the Russell Investments Group indexes, aren’t on everyone’s radar.
jlne.ws/1e1hUxp

Calvert Expands Responsible Indexes; Launches New Funds
Press Release
Calvert Investments, Inc., a global leader in Responsible Investing, announced today a major new initiative that the firm describes as the next step in the evolution of responsible investing. The firm is building upon its global Responsible Investing research expertise and has launched a suite of Responsible Indexes and related lower cost Index Funds that will track them.
jlne.ws/1e1hZRE

Technology

Why Taylor Swift Is Now the Most Powerful Person in Tech
Entrepreneur By Geoff Weiss, Yahoo Finance
On Taylor Swift’s Tumblr page, where she frequently posts sassy snapshots of herself in concert and debates questionable wardrobe choices with fans, the starlet just pulled off an unfathomable coup that has likely made her the most powerful person in today’s music industry.
jlne.ws/1LwUoDG

Orc deal opens China derivatives to international clients
The Trade News
Derivatives trading technology specialist Orc has signed a deal with a Chinese brokerage to provide its clients with access to China’s markets.
jlne.ws/1N4cjSs

McKay Brothers International Launches Lowest Known Latency Microwave Routes From Interxion London
Mondovisione
INTERXION HOLDING NV (NYSE: INXN), a leading European provider of cloud- and carrier-neutral colocation data centre services, today announced that McKay Brothers International has chosen Interxion’s Central London data centre campus to deploy the lowest known latency connections between the City of London & Slough and the City of London & Frankfurt.
jlne.ws/1IbKisX

Environmental & Energy

Risk of Extreme Weather From Climate Change to Rise Over Next Century, Report Says
By SABRINA TAVERNISE, NY Times
More people will be exposed to floods, droughts, heat waves and other extreme weather associated with climate change over the next century than previously thought, according to a new report in the British medical journal The Lancet.
jlne.ws/1LyKbGT

Itochu ends $1bn US shale foray with $1 stake sale
Kana Inagaki in Tokyo, FT
Japan’s Itochu has quietly ended its botched $1bn foray into shale oil in the US, dumping its 25 per cent stake in distressed energy company Samson Resources for just $1.
jlne.ws/1NgvE3H

Climate change demands ’emergency response’, says commission chairman
Clive Cookson, Science Editor, FT
Climate change poses such a threat to human health that it could undermine all the gains in global development during the past 50 years, an independent international commission reports on Tuesday.
jlne.ws/1Hb08oH

U.K. Panel to Decide on Fracking; Drilling technique has been on hold since 2011
By SELINA WILLIAMS, WSJ
A bare patch of land here in northwest England’s countryside of wheat and barley fields and grazing dairy cattle has become the focus of a question vexing Europe: to frack or not to frack?
jlne.ws/1Byt3R6

Asia-Pacific

Wild day for Shanghai stocks amid margin call worries
www.smh.com.au
China’s stocks swung wildly between gains and losses on Tuesday after their biggest weekly drop since the global financial crisis.
The Shanghai Composite Index rose 2.2 per cent to 4576.49 at the close, after earlier in the session dropping nearly 5 per cent.
jlne.ws/1e1ismM

After 15 great years, a new beginning
Charles Li, HKEx
We are celebrating our 15th birthday today as a listed company with our market friends in Hong Kong and abroad, many of whom have made substantial contributions to HKEx’s growth story over the last decade and a half. In that time we’ve grown from a local exchange into a truly global exchange group across multiple asset classes. While we’ve prospered tremendously over the last 15 years, milestones like this are good opportunities to take stock and look forward. We are getting set for a new journey that starts now.
jlne.ws/1GEgYZF

China Margin Trades Buckle Leaving $364 Billion at Risk
by Fox HuKana Nishizawa, Bloomberg
The biggest tumble in Chinese shares since 2008 is proving especially painful for margin traders as their favorite stocks sink faster than the benchmark index, raising the risk of forced liquidations.
jlne.ws/1RsIv3i

China Buyouts Exceeding $23 Billion Leave Investors Unfulfilled
by Belinda CaoYe Xie, Bloomberg
China’s largest online matchmaking site has surged 60 percent since its founder offered to take it private. Shareholder Peter Halesworth feels entitled to more.
jlne.ws/1LiIpvw

Frontier Markets

Nigeria exchange presses on with markets infrastructure overhaul
Philip Stafford, FT
The Nigerian Stock Exchange has indicated that a decision over going public will soon be finalised, ushering in the investment it seeks to overhaul the country’s financial markets infrastructure and attract foreign investors.
jlne.ws/1LiEL4T

Stock exchange for unlisted startups GREX launched in Hyderabad
BS Reporter
The Indus Entrepreneurs (TiE), in association with incubation centre The Entrepreneur Zone, organised a promotional launch of Pune-based company GREX here.
jlne.ws/1GldsB7

Miscellaneous

Cargill appoints Mary Thompson to lead European poultry business
Cargill
Mary Thompson, president of Wichita, Kansas-based Cargill Value Added Meats, has been appointed to lead Cargill’s European poultry business based in Hereford, England, effective Aug. 1, 2015. Thompson replaces Pilar Cruz, who was appointed corporate vice president to lead Cargill’s Strategy and Business Development team at the company’s Minneapolis headquarters.
jlne.ws/1IwmHil

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