Investment manager Brandywine Global has selected the Apex Collateral solution from SunGard Financial Systems to “help support its growing collateral management business,” according to a company statement. Some of Brandywine’s most pressing requirements when choosing the solutions were “the ability to comply with increased regulatory demands and improve the client experience by reducing counterparty risk,”… Read More >>
Six Derivatives Dealers Pick KYC Joint Venture
Markit | Genpact KYC Services, a joint venture between Markit and Genpact Ltd., has announced that six G14 derivatives dealers are implementing the centralized service aimed at streamlining the collection and management of know your customer (KYC) information, officials say. The G14 dealers that will be implementing the service are BNP Paribas, Citi, Deutsche Bank,… Read More >>
ISDA Confronts OTC Trade Reporting Mess
Market participants and regulators are still getting the hang of navigating and policing the newly-minted landscape for over-the-counter derivatives that’s come out of the sweeping post-crisis reforms. So, it makes sense that there are still quite a few wrinkles to iron out, even as new regulatory rules continue to come online. One particular area that’s… Read More >>
Bolero International Opens Singapore Office
Bolero International Ltd., an electronic trade finance solutions provider, reports that it has opened a new office in Singapore’s Raffles Place financial district. The new office will bring Bolero “closer to corporate, logistics and financial customers based in and operating out of the region,” according to a company statement. In addition, the company is “committed… Read More >>
Oulhadj Upped to COO of RJO
Chicago-based R.J. O’Brien & Associates (RJO), which describes itself as the oldest and largest independent futures brokerage and clearing firm in the U.S., reports that Jamal Oulhadj, its senior managing director and chief risk officer (CRO), has been promoted to chief operating officer (COO) of RJO Holdings Corp., the firm’s holding company. Oulhadj, 50, has… Read More >>
Morningstar Fills Chief Innovation Officer Post
Morningstar, a provider of investment research, has named Matt Fellowes chief innovation officer, officials say. Fellowes, 40, also will continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year, officials say. Before founding HelloWallet in 2009, Fellowes was a fellow at the Brookings Institution, a nonprofit research and policy organization…. Read More >>
FIMAS Consulting Appoints Head of Business Development
FIMAS Consulting has appointed Ralf Dreyer as a partner and acting head of business development, officials say. In his new role, Dreyer will be responsible for “further advancing FIMAS’ growth,” according to a company statement. Before joining FIMAS Dreyer was a managing principle at Wepex, a consulting firm focused on financial markets, officials say. Before… Read More >>
Fidessa Names Head of European Sell-Side Sales
Fidessa, the London-based electronic trading platform and services vendor, has hired Peter Holmgren as its new head of business sales for sell-side trading systems in Europe, officials say. In his new role, Holmgren will be responsible for sales across all asset classes to the European broker community, officials say. He will be based in Fidessa’s… Read More >>
New Report Urges CCP Changes
A new report released by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) outlines proposed changes to disclosure standards for central counterparty clearinghouses (CCPs), officials say. The paper, “Public Quantitative Disclosure Standards for Central Counterparties,” argues that “to help ensure that the risks of using central counterparties… Read More >>
Firm58 Applies Telecom Lessons to the Back Office
Jim Mullen has seen more than his fair share of change during his 25-odd years in the telecommunications and financial services worlds, having lived through both the mobile phone explosion of the early nineties and the automation of financial markets that took off in the late nineties. Those revolutions left both industries in flux and… Read More >>
