In other news, Wolters Kluwer Compliance Solutions taps the Fed, the pandemic shifts investment strategies, FIS has a new president, Mizhuo Americas turns to Quantifi, and Duco hires from Nasdaq.
SS&C Adds ESG & Digital Asset Exposure Reporting Support
The Open Protocol risk reporting service of SS&C Technologies has been improved to include digital asset and environmental, social, and governance (ESG) exposures, a step that brings the service into compliance with the ESG and digital assets reporting requirements of the Standards Board of Alternative Investments (SBAI) benchmark, due in April of this year, officials say.
“The Standards Board of Alternative Investments (SBAI) Open Protocol is a publicly available exposure and risk reporting framework for alternative investment funds,” according to SS&C officials.
“The enhanced solution will enable our fund clients to meet SBAI reporting standards in areas increasingly important to investors,” says Mina Wallace, general manager for SS&C Algorithmics, in a prepared statement.
“As a long-standing client of SS&C’s Open Protocol service, Brigade Capital Management is excited to participate in the testing and roll-out of SS&C’s Digital Asset and ESG exposure reporting,” says Patrick Criscillo, chief financial officer (CFO) for Brigade Capital Management, in a statement.
SS&C’s offering covers position sourcing, attribute enrichment, financial modeling, report writing and delivery, officials say. The Open Protocol solution is integrated with “other SS&C risk and regulatory reporting services, including Form PF and AIFMD. SS&C’s fund administration offering also ensures the reporting automatically reconciles with the client’s investment and accounting data.”
WK Compliance Solutions Hires from the Fed
Wolters Kluwer Compliance Solutions has added Jason Keller to its
U.S. Advisory Services cadre. Keller has more than two decades of experience serving as a federal regulator, according to a Wolters Kluwer statement. Keller will have an integral part in “helping financial institution clients navigate increased regulatory scrutiny, technology changes, and an ever-evolving regulatory landscape.”
Prior to joining, Keller spent 23 years at the Federal Reserve Bank of Chicago, where, most recently, he was a community and economic senior advisor, “responsible for overseeing and evaluating economic capacities and sustainable growth opportunities. In this role, he conducted seminars and workshops, and provided thought leadership on aspects of the CRA, community development, and applicable fair lending laws and regulations.”
Keller’s new responsibilities include “managing a team of regulatory consultants who develop and deliver to financial services clients fair and responsible banking as well as Community Reinvestment Act (CRA) related consulting services as part of the services offered by Wolters Kluwer Compliance Solutions,” according to a statement.
He reports to Stevie Conlon, vice president, tax and regulatory counsel, at Wolters Kluwer Compliance Solutions, the vendor’s statement says. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. — L.Ch
Pandemic Spurs Investment Shifts: Clearwater Analytics
Results from a new poll of 140 asset managers and owners representing $5 trillion in assets under management showed that “more than a third of investors investment strategies will change this year in response to the pandemic,” according to research conducted by Clearwater Analytics.
“The study asked how investment strategies had changed since the start of the pandemic, and how this compares to what they have planned for 2022 in the wake of the recent omicron surge,” according to company officials. “At a macro level, 58 percent of companies reported making changes to their strategy two years ago, albeit only 13 percent said the change was material.”
For 2022, 33 percent of respondents plan further changes to their strategies and 5 percent said they will be making material changes, officials say.
“The research also showed that 45 percent increased portfolio liquidity, while only 7 percent decreased. Most investors held steady on fixed income duration, but a meaningful 27 percent decreased and 16 percent actually increased duration. The percentages were similar for credit quality, with 25 percent increasing and 7 percent decreasing quality,” officials say.
“Investors’ early reaction to the pandemic was biased toward conservatism, with liquidity increases, fixed income duration decreases, and credit quality increases, but tempered with meaningful increases to equities and private assets,” says Suraj Poozhiyil, a senior vice president at Clearwater Analytics, in a prepared statement.
More about the survey can be found here: https://bit.ly/3oYy8P0
FIS Global Promotes to Fill President’s Post
Stephanie Ferris
FIS Global, a financial technology specialist, reports the promotion of Stephanie Ferris to company president. Ferris joined the company through its 2019 acquisition of Worldpay, at which she was chief financial officer. After joining, she became chief operating officer.
Her most recent post at FIS was as its chief administrative officer.
As chief administrative officer, she was “responsible for the company’s enterprise strategy, finance, mergers and acquisitions, legal, marketing and communications, risk, information security, and compliance functions,” per the statement. FIS is headquartered in Jacksonville, Florida. — L.Ch
Mizhuo America Adds Quantifi to Equity Derivatives Platform
The New York City-based Mizuho Americas will be using the risk, analytics and trading solutions of Quantifi to supplement the firm’s “proprietary, in-house technology” that supports an equity derivatives platform, according to officials at the subsidiary of the Tokyo-based Mizuho Financial Group, Inc.
“Quantifi will complement Mizuho America’s existing internal process, providing additional pricing models to further validate its internal models,” officials say. “Mizuho Americas was looking for an independent pricing and structuring solution to supplement risk measurement on its derivative positions and price structured equity notes.”
Officials at the firm say Quantifi’s equity analytics have “enhanced [the firm’s] access to fast, accurate pricing and analytics that have been seamlessly integrated with its other internal processes. By selecting Quantifi, Mizuho Americas has saved on development time and resource and can focus on its core business.”
Mizuho Americas offers its U.S. equity derivatives services to U.S. corporates. The firm offers accelerated share repurchases, collars, convertible call spreads, and equity forwards, officials say.
Duco Taps Nasdaq for New Chief Revenue Officer
Duco, which characterizes itself as a “provider of cloud-based data integrity and reconciliation services,” reports that Chris Stevens has joined from Nasdaq to be chief revenue officer (CRO) for the vendor. The new CRO’s mandate includes “taking overall responsibility for all of Duco’s revenue-focused activities including sales, customer success, pre-sales, and professional services,” the vendor says in a statement.
At Nasdaq, Stevens was vice president, global head of sales and account management, corporate solutions, officials say. That post was followed by a tour as CRO for Nasdaq Governance Solutions, per the Duco statement. — L.Ch
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