In other news, BlackRock partners with Coinbase, SmartStream taps FIS, BNPP Securities Services promotes & a data leader joins the EDM Council.
Credit Suisse Hosts Summer Immersion Program
Credit Suisse reports that it’s a corporate sponsor of a virtual Summer Immersion Program for Girls Who Code, a nonprofit group focused on ending the gender gap in technology.
“Credit Suisse will host a two-week program where students in high school will have an opportunity to build the technical skills and professional network to make an impact and prepare for a successful future career in technology,” according to the official announcement.
“This program aims to open doors for students by providing a network of knowledgeable mentors in computer science and engineering across the bank. Together, we will work to lay the foundation to continue to diversify the pipeline of technologists working on Wall Street,” says Marinela Tudoran, head of investment bank technology at Credit Suisse, in a prepared statement.
The Credit Suisse 2022 Summer Immersion Program began August 1 and will run through August 12, officials say.
“The bank will host approximately 60 students during the duration of the program and intends to provide an immersive educational experience and invaluable networking opportunities for participants. Credit Suisse will organize a series of mentoring sessions focused on cyber and information security awareness, building a personal brand, resume writing, and career journeys in technology. The students will also hear speakers ranging from the bank’s senior leaders to a panel of the bank’s technical analysts,” according to Credit Suisse.
BlackRock Aladdin Clients Can Access Coinbase Prime
Clients of BlackRock’s Aladdin system will be able to use the crytpo trading and custody services of Coinbase Prime, according to the Aug. 4 blog posting by Brett Tejpaul, head of Coinbase Institutional and Greg Tusar, vice president, institutional product, at Coinbase.
In the blog, the partnership is described as “an exciting milestone” for Coinbase.
“Today marks an exciting next step on our journey as we announce that Coinbase is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime,” according to the blog posting. “Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s Institutional client base who are also clients of Coinbase.”
The Coinbase Prime services integrate agency trading, custody, prime financing, staking, and staking infrastructure, data, and reporting in support of the transaction lifecycle, according to Coinbase.
“We combine these capabilities with leading security, insurance, and compliance practices to provide institutional clients of Coinbase with a full-service platform to access crypto markets at scale. Coinbase’s clients include hedge funds, asset allocators, financial institutions, corporate treasuries, and other institutions,” according to the blog posting.
“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” says Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, in a prepared statement. “This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”
SmartStream Taps FIS for Business Development Director
SmartStream Technologies reports the appointment of Nick Dominy to be the new business development director for the TLM Collateral Management solution.
Dominy will be based in London and his mandate includes introducing the software to “prospective partners and clients – highlighting the importance of a comprehensive, automated data management solution, which lowers operational risks for collateral management programs.”
He has more than 25 years of experience in financial technology and banking, according to the London-based vendor via a statement, which also notes that, before SmartStream, he as at FIS for six years, “in sales, responsible for collateral, securities and derivatives processing solutions.” Before that, he worked at Torstone Technology, “where he sold back-office solutions to the sell-side.”
Dominy will report to Jason Ang, program manager – TLM collateral management at SmartStream, which notes that it has “more than 2,000 clients – including the world’s top 100 banks.” — L.Ch
BNPP Securities Services Names Head of FI & Corporates Americas
Stanislas Beneteau
BNP Paribas reports the promotion of Stanislas Beneteau to be head of financial intermediaries and corporates Americas (FI&C) within the bank’s Securities Services division.
Beneteau will move to New York from London and his responsibilities will include “continuing the successful buildout of the bank’s FI&C franchise in the region, including the development of its local and global custody, liquidity services, triparty collateral management services, and debt solutions offers.”
He also will oversee the development of the bank in the Latam region. Beneteau will report “locally to Dennis Bon, head of securities services Americas and … hierarchically to Bruno Campenon, head of FI&C client line.” — L.Ch
Verizon Data Exec Joins EDM Council Board
Linda Avery
The EDM Council, a cross-industry trade association for data management and analytics, has named Linda Avery to its board of directors. She is the chief data and analytics officer at Verizon, and the first to hold that position there.
Avery has “played a central role in driving more than $2B in value across the company since her arrival in August 2019,” according to a statement by the council, which characterizes her as “one of the most revered and accomplished data leaders in the industry.”
Before she joined Verizon, Avery was chief data officer, senior vice president and head of data and statistics for the Federal Reserve Bank of New York. Prior to joining the Fed, she did a 20-year tour at Goldman Sachs, where she was a managing director in technology.
The EDM Council characterizes itself as an association “created to elevate the practice of data management and analytics as a business and operational priority.”
It is a “global advocate for the development and implementation of data standards, best practices, and comprehensive training and certification programs. With more than 300 member organizations globally from the Americas, EMEA, and Asia, and more than 20,000 data management professionals as members, EDM Council provides a venue for data professionals to interact, communicate, and collaborate on the challenges and advances in data management and analytics as critical organizational functions,” according to an official statement. — L.Ch
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