Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
CFTC Swears In New Chairman
Tarbert is 14th CFTC Chairman Dr. Heath P. Tarbert, the CFTC’s new chairman, is vowing to “hit the ground running” as his term kicked off July 15, and marks the end of J. Christopher Giancarlo’s service as head of the regulator for the commodities and derivatives trading industry. “At its core, the CFTC is a… Read More >>
Calypso Technology Agrees to Buyout
Calypso Technology is going down the private equity route and the cash infusion will help the trading and risk management systems vendor grow its investor base and take its offerings to the next level for demanding customers, officials say. European private equity fund Bridgepoint and global growth equity investor Summit Partners announced that they are… Read More >>
An Infosys Exec Moves to iGATE as DST Hires from Eagle
iGATE Taps Infosys Exec for President and CEO Consulting, technology and business process outsourcing vendor iGATE has appointed Ashok Vemuri to be its next president and CEO, replacing Gerhard Watzinger, who has been the interim president and CEO since May 2013. Watzinger will remain with iGATE in an advisory role temporarily to assist with Vemuri’s… Read More >>
DTCC Shuffles Execs as Fundtech Hires from Calypso
DTCC and Deri/SERV Promote for Executive Posts The DTCC will have a new chief financial officer and chief technology officer in September and new leaders for its over-the-counter (OTC) derivatives services unit Deriv/SERV as a result of several internal promotions at the industry utility. Susan Tysk-Cosgrove, the current general manager, settlement and asset services has… Read More >>
NYSE to Administer LIBOR as Ageon Goes Global with Markit EDM
NYSE Euronext Hopes to Redeem LIBOR A subsidiary of NYSE Euronext — the NYSE Euronext Rate Administration — will be the new administrator for the London Interbank Offered Rate or LIBOR and exchange officials are hoping they can redeem the reputation of the interest rate benchmark, tarnished by scandal.LIBOR reference rates are used for short-term… Read More >>
Mack Gill Leaves SunGard as Calypso Opens an Office in Beijing
Mack Gill Leaves SunGard to be CEO at Millennium IT SunGard veteran John Mackay “Mack” Gill is the new CEO of Millennium Information Technologies, the Colombo, Sri Lanka-based developer of ultra-low latency trading technologies, officials say. The London Stock Exchange Group (LSEG) acquired MillenniumIT in 2009.Mack joins MillenniumIT from SunGard Data Systems Inc., where he… Read More >>
Sabby Management Retains SS&C as Mizuho Units Tap Wolters Kluwer for Basel III Support
Sabby Management Sticks With SS&C GlobeOp About two years ago, Sabby Management found itself in a tight spot. The hedge fund had a month to find a fund administrator for two new funds, says Robert Grundstein, chief operating officer and general counsel for the firm. Sabby was launching two healthcare sector fund complexes for September… Read More >>
Calypso Fills Vacancy as Rule Financial Hires a Former Head of Ops
Ex-Quantifi Product Director Joins Calypso Calypso Technology has hired industry veteran David Kelly, the former director of credit product development at Quantifi, to be its director of financial engineering. Kelly will report to Tej Sidhu, senior vice president of engineering.Kelly fills a position left vacant since January 2012 when Amir Khwaja left after serving as… Read More >>
Progress Software Clarifies CEO Transition as OpenGamma Staffs Up
Progress Software Keeps Interim CEO Philip M. Pead, who had been serving as the interim CEO for software development tools provider Progress Software Corp., has kept CEO title and taken on the role of president, say company officials. However, Pead will relinquish the interim executive chairman title, which goes to Jack Egan, who has been… Read More >>
