Bank of America (BofA) has named Karim Assef and Diego De Giorgi as co-heads of its Global Investment Banking group in an effort by the bank “to strengthen our ability to serve our most important clients,” BofA officials say in an internal memo. Assef and De Giorgi will report to Christian Meissner, who is head… Read More >>
Stoxx Names Director for New Asia/Pacific Office
Stoxx Ltd., a provider of index offerings, reports that it has expanded its presence in Asia/Pacific via the launch of a new office in Sydney, Australia, to be headed by Jonathan Morgan who has been appointed a Stoxx regional director. Morgan, who will oversee operations in Australia and New Zealand, has more than 15 years… Read More >>
Why Corporate Actions is Still an Ops Burden
Last week, in an FTF News story about a new white paper from financial messaging cooperative SWIFT, I focused on the toll that regulatory compliance is taking on financial services firms. I wasn’t able to delve into the corporate actions section of the SWIFT paper but I can do that now. As I noted, the… Read More >>
Regulatory Compliance Tops List of Ops Burdens
A white paper from financial messaging and systems cooperative SWIFT finds that regulatory concerns tower over other operational challenges for the buy side in 2015. Research commissioned by SWIFT also shows that buy-side firms are grappling with automation and financial crime compliance initiatives. The findings came as a result of survey and are offered via… Read More >>
T-Scape Expands Into Corporate Actions
Financial software developer and consultancy T-Scape has made its first entry into the corporate actions arena with a new solution called iActs Election Manager, the first in a series of planned modules to address various corporate actions and other post-trade concerns. As the name suggests, iActs Election Manager is focused on streamlining how election events… 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 >>
Is FIX the ‘Stretch-Through Processing’ Standard?
The FIX Trading Community, the keeper of the groundbreaking Financial Information eXchange (FIX) protocol for electronic trading, is widening the reach of the language via a best practices document intended to help firms automate the initial public offering (IPO) process. The FIX group reports that buy-side firms made it known via the FIX Global Buy-Side… Read More >>
Wolters Kluwer Analysts Foresee More Regulation
The securities compliance analysts at vendor Wolters Kluwer Financial Services have released a report outlining their predictions for the regulatory outlook in 2015, officials say. Given that only about half of Dodd-Frank has been finalized, in general the report expects that the pace of regulation will continue to increase over the course of the year…. Read More >>
Chris Pickles Leads FIGI Push in Europe
Independent financial technology consultant Chris Pickles is leading a campaign in Europe to make the Financial Instrument Global Identifier (FIGI), originally from market data and news giant Bloomberg an industry standard. Pickles, who is based in the U.K., confirms that he is leading the effort to make the instrument identifier, once known as the Bloomberg… Read More >>
Time for Ops Resolutions for 2015?
The New Year brings opportunities to take on post-trade securities operations challenges or at least take the time to review the progress your firm has made in its trajectory to operational efficiency. It’s also a chance to make resolutions that will guide the firm throughout the year. To help firms craft a list of Ops… Read More >>
