Perseus, a managed services, co-location and high-speed connectivity provider, has opened a regional headquarters in Hong Kong to serve Asian markets that “have been growing exponentially,” says Jock Percy, CEO of the New York-based vendor, in a prepared statement. “Hong Kong is at the center of that growth and Perseus has been planning to expand… Read More >>
Liquid Holdings Shuffles Executives
New York City-headquartered Liquid Holdings Group, a provider of a software-as-a-service-based (Saas) solutions for the investment management community, reports three senior executive management changes, effective immediately. They are: CFO Peter Kent has been promoted to CEO, succeeding Brian Storms, who will become the company’s vice chairman, providing “advice and counseling in the areas of sales,… Read More >>
Liquid Releases Mobile Portfolio Analysis App
Cloud-based solutions vendor Liquid Holdings has introduced LiquidMobile, a web-based app that allows hedge funds to manage their portfolio and conduct risk analysis and reporting across multiple funds on a mobile device in real time, officials say. LiquidMobile runs on both desktop and mobile devices, and allows fund managers to interact with historical, real-time, and… Read More >>
Hong Kong Firm Goes Live with Fidessa Platform
China Merchants Securities (CMS), a leading player in the Hong Kong financial markets, has gone live with Fidessa’s new “fully managed and outsourced” Asian trading platform, say Fidessa officials. CMS officials have “upgraded [to it] from its previous system to benefit from [Fidessa’s] expanded capabilities,” Fidessa officials say. CMS, majority owned by the People’s Republic,… Read More >>
SS&C to Buy Advent Software for $2.7B
SS&C Technologies is purchasing Advent Software for approximately $2.7 billion in cash to widen SS&C’s offerings of software technology and services, say SS&C officials. The transaction equates to $44.25 per share plus assumption of debt, both companies announced on Monday, Feb. 2. The acquisition will take place via a definitive agreement that will see SS&C,… Read More >>
Abacus Group Names HR Director
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, reports the appointment of Adam Wayne, formerly vice president of human resources service delivery at JPMorganChase, as the company’s new human resources director. Wayne will be based in Abacus’s New York office and will report to Jonathan Bohrer, chief financial… Read More >>
Options Taps KPMG for CFO
Managed services provider Options has appointed former KPMG auditor Brian McKimm as its chief financial officer (CFO), officials say. In his new role, McKimm will be responsible for overseeing the development of Options’ global finance function across Europe, the U.S. and Asia, with “a particular focus on investor relations and strategic finance projects,” according to… Read More >>
Abacus Group Opens Los Angeles Office
After a record year in 2014 driven largely by its AbacusFLEX private cloud solution, Abacus Group, a financial IT services provider, will open a new office in Los Angeles, according to a statement from the vendor. Abacus added 60 clients last year and saw growth in its other managed services and hosted solutions, officials say…. Read More >>
Ops Story of the Year: The Return of the T+2 Push
It’s been a dynamic year when straight through processing (STP) and the push for T+2 settlement cycles made big comebacks while disturbing layoffs and ongoing fines and penalties appeared to be on the rise. We at FTF News have compiled the following list of the top Ops stories, trends, new currents and online video coverage… Read More >>
Liquid Gives CFO an ‘Inducement Grant’
Liquid Holdings Group, Inc., a provider of cloud-based investment management solutions, reports an “inducement grant” to Peter R. Kent, its new chief financial officer. “As an inducement for Mr. Kent to accept employment with Liquid, effective November 13, 2014, Mr. Kent was awarded a grant of nonqualified options to purchase 1,000,000 shares of the company’s… Read More >>
