(Regulatory and industry standards compliance concerns are hitting home for many securities firms, and Kate Maryniak, head of product management for Revolution at Confluence Technologies, spoke with FTF News about them in the second half of our recent Q&A. Maryniak, who originally joined StatPro in 2001, has served in many client-facing roles to help deliver… Read More >>
BNY Mellon Helps Gauge ESG Levels of Collateral
BNY Mellon clients can now apply environmental, social, and governance (ESG) concerns to their collateral management choices via a capability for rating the ESG levels of securities that was added to BNY Mellon’s ESG Data Analytics offerings. The new capability is based upon access to MSCI ESG Ratings, according to BNY Mellon officials. The ESG… Read More >>
Broadridge Dashboard Offers ESG Views of Companies: Q&A
(Post-trade systems, services, and software provider Broadridge Financial Solutions recently launched the Broadridge ESG Performance Dashboard, an effort that is intended to present investors and shareholders with a wide view of companies and their Environmental, Social and Governance (ESG) ratings, officials say. ESG criteria “are a set of standards for a company’s operations that socially… Read More >>
Most Global Funds Still Support Pollution: CDP
“Money makes the world go round. The world go round.” So sang Joel Grey and Liza Minnelli. But don’t take it from “Cabaret,” set in the inter-war Weimar Era, or even from Christopher Isherwood’s “The Berlin Stories,” on which the big-screen, Oscar-winning musical was based. Money has always been the siren song of Wall Street,… Read More >>
CBA Invests $15M in Xpansiv’s Carbon Market Plans
Carbon-trading markets and exchanges were the rage in 2008 particularly during the heated U.S. presidential campaign when even right-of-center candidates were embracing the concept. However, the Great Recession, right-wing and left-wing extremists, and strident groups of all kinds stopped any positive movement on the carbon-trading front. No realistic alternatives to carbon-trading venues and systems took… Read More >>
Asset Managers Want Enterprise-Wide ESG: Survey
The securities industry wants to fully integrate environmental, social, and corporate governance (ESG) concerns across the enterprise and into decision-making processes if the emerging, relevant data and solutions can facilitate those goals. This is according to the ESG Global Survey 2021 that BNP Paribas conducted and just released. The BNP Paribas survey, based on interviews… Read More >>
Gensler Wants Proof That Firms Are Going Green
In the future, funds with a green sales pitch will need to prove that they understand and appreciate the importance of an ESG agenda. In other words, that it’s more than just a good story to con a customer to sign on the bottom line. “ESG” stands for environmental, social, and corporate governance, and it… Read More >>
NYSDFS to Probe Diversity at Financial Services Firms
Linda A. Lacewell, superintendent of financial services for the New York State Department of Financial Services (NYSDFS), is acting to “promote diversity, equity and inclusion” by making financial services firms provide data about the diversity of their corporate boards and managers. NYSDFS officials say the data “will be collected in the fall of 2021 and… Read More >>
BlackRock Raises Base Salaries & Expectations
BlackRock, the world’s largest asset manager, appears to be growing even bigger according to its second quarter results. In the wake of this enviable growth, the firm has done the rarely thinkable — announced plans to raise base salaries by 8 percent “for all active employees up to and including the director level” by September… Read More >>
JPMorgan Asset Management Buys Campbell Global
JPMorgan Asset Management Boosts ESG Offerings JPMorgan Asset Management has acquired Campbell Global, described as “a forest management and timberland investing company,” as a way of facilitating transitions to a low-carbon economy and opportunities for those investors that want to support environmental, social, and governance (ESG) concerns, officials say. JPMorgan officials declined to disclose the… Read More >>
