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 >>
Marianne Brown to continue as head of Omgeo as the DTCC buys out Thomson Reuters
Marianne Brown will stay on as president of Omgeo as the DTCC buys out Thomson Reuters Marianne Brown will continue to serve as president and CEO for Omgeo as the DTCC begins its acquisition of the other half of the post-trade services provider from market data and news giant Thomson Reuters, ending a 50-50 partnership… Read More >>
Survey Finds Asset Managers Want to Centralize Investment Data as Interactive Brokers Embraces ISO 20022 for Corporate Actions
Aite Group Finds Support Growing for Investment Book of Records Approach Asset managers and wealth management firms are moving toward an unobstructed, holistic view of their investment data as they embrace an investment book of records (IBOR) approach, says Rick McCarthy, vice president of sales and marketing for the Americas at DST Global Solutions. The… Read More >>
Omgeo Replaces its CCO as Markit Acquires DTCC Unit and Staff
Omgeo Replaces Chief Compliance Officer Post-trade services provider Omgeo has hired industry veteran Jeannie Shanahan to be its new managing director of governance, risk management and compliance replacing Kara L. Hill, who left her post as chief compliance officer to be vice president and deputy general auditor for the DTCC, confirm Omgeo officials. Hill joined… Read More >>
Omgeo Adds LEI Support as Smarsh, Nasdaq and Protegent Advance Social Media Surveillance
Omgeo Adds LEI Support to Alerts Via Avox Post-trade services provider Omgeo now has support for the global Legal Entity Identifier (LEI) initiative via additional entity- and fund-level fields and data as part of its Alerts web-based global database for account and standing settlement instructions (SSI), officials say.The new LEI support comes via Omgeo’s partnership… Read More >>
Is Regulatory Reform Causing Systemic Risk?
A strange irony is underway in the financial services industry. A recent client survey conducted by the DTCC finds that compliance with the regulatory onslaught is causing securities firms the greatest concern over systemic risk. A whopping 82% of clients say that meeting regulatory requirements strains their focus on day-to-day risk—effectively undoing the point of… Read More >>
DTCC Has Five New Board Members as American Century Looks for a Chief Investment Officer
DTCC Fills Deriv/Serv Post and Board Vacancies Industry veteran Peter Tierney has been appointed regional head of Asia for DTCC’s Deriv/Serv, and will serve as head of business operations in Asia, officials say. Tierney, who will be based in Singapore, will report to Stewart Macbeth, CEO for DTCC Deriv/Serv. Tierney has more than two decades… Read More >>
Mary Schapiro Goes Private as Barclays Bolsters its Cash Management Team
Mary Schapiro Crosses the Aisle to Join Promontory Mary Schapiro, the former chairman of the SEC, has crossed the aisle to the private sector and joined consultancy Promontory Financial Group as managing director and chairman of the governance and markets practice, say officials.The Washington, D.C.-based Promontory, which offers strategy, risk management, regulatory, and compliance consulting,… Read More >>
XSP Builds App for DTCC’s New Messages as CFTC Suffers Big Data Nightmare
XSP Readies App for DTCC’s Reengineered Services Corporate actions processing provider XSP is working on “another product purely focused on the capture and display of ISO 20022 messages from the DTCC,” says Daniel E. Retzer, chief technology officer (CTO), managing director for SunGard’s XSP.The product, likely to come later this year, is intended to help… Read More >>
Lee J. Cutrone to Retire from Omgeo as Steve Sloan Leaves J.P. Morgan for the DTCC
Cutrone to Retire from Omgeo Lee J. Cutrone, managing director, industry relations at Omgeo, will be retiring at the end of this month, confirm official as the post-trade services provider. “He will be thoroughly missed—it is the end of an era,” says a spokesperson for Omgeo. Cutrone has been serving as a liaison between Omgeo… Read More >>
