SEC Chair Gary Gensler startled the U.S. securities industry last week when he ousted William D. Duhnke III from his chairmanship of the Public Company Accounting Oversight Board (PCAOB), and then began a board overhaul. The overhaul may have been in response to concerns raised by former members of the PCAOB’s Investor Advisory Group (IAG)…. Read More >>
SEC Shuffles Personnel in Chief Accountant’s Office
SEC Names Interim Chief Accountant as Deputy Chief Accountant to Exit The SEC reports that Wesley R. Bricker has been named the interim chief accountant, heading the commission’s office of the chief accountant, while Chief Accountant James V. Schnurr “recovers from a serious bicycle accident.” In his interim post, Bricker will be the “principal advisor… Read More >>
BNP Paribas Securities Services to Use SimCorp’s Platform
BNP Paribas Securities to Use SimCorp’s Dimension Platform BNP Paribas Securities Services reports that it has implemented the SimCorp Dimension system to streamline accounting processes for its clients. The firm has implemented the SimCorp Dimension platform to manage its integrated accounting offering “as well as other services in its comprehensive product suite,” according to SimCorp… Read More >>
PWC Partner Returns to SEC Accounting Group
The SEC has hired Wesley R. Bricker as its new deputy chief accountant, following his second stint at PricewaterhouseCoopers (PWC), officials say. In his new role, Bricker will oversee the accounting group in the SEC’s Office of the Chief Accountant. Bricker has more than 15 years’ experience in public accounting, and joins the SEC from… Read More >>
Eckelmann Rejoins SS&C Technologies
SS&C Technologies Holdings, Inc., a provider of financial services software and software-enabled services, reports that Samuel D. Eckelmann has rejoined the Windsor, Conn.-based company, where he was previously managing director, as vice president, strategic software development. The software architect and consultant is a 30-plus-years veteran, and has “performed numerous engagements for the world’s top financial… Read More >>
Temenos Jolts Fund Administration Market
Temenos Group, maker of the T24 core banking solution, is moving to aggressively take advantage of the “fast-growing fund administration market” via the $248.7 million (€235 million) acquisition of fund administration software vendor Multifonds, which has been in the market since 1995 and has more than 30 of “the world’s largest financial institutions” on its… Read More >>
Wipro Shifts Al Rajhi Bank to Oracle
Riyadh, Saudi Arabia-based Al Rajhi Bank and Wipro Arabia Ltd., a subsidiary of Wipro Ltd., the IT, consulting and systems integration vendor, report that, after a two-year implementation, the Oracle-based data repository has gone live, moving the bank from its legacy system. The new system creates a bank financial accounting hub (FAH), integrating all banking… Read More >>
SS&C Announces Fund Services Promotions
SS&C Technologies, a provider of financial services software and software-enabled services, has promoted Renee Mooney to lead SS&C GlobeOp’s private equity fund administration business, officials say. Mooney, a senior vice president and nine-year SS&C veteran, will have the support of Christine Egbert, Aparna Parmeswaran, Phil Ratner and Chris Madpak, officials add. Darren Berkowicz, managing director,… Read More >>
Northern Trust Deploys Asset Arena Control Center
Northern Trust has added financial technology provider SunGard’s Asset Arena Control Center (AACC) to the portfolio of products used by the custodian bank for automating back-office processes, according to a statement. AACC will “help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase… Read More >>
OpenLink VP Moves to Calypso
Calypso Technology has hired Mark Abrams, a former vice president at OpenLink Financial, as a sales executive for North American sales. Calypso officials decline to comment upon employment situations, but Abrams confirmed he’s been with the firm since June. During his six years at OpenLink Financial as vice president of sales, North America, Abrams led major… Read More >>
