Securities Finance Industry Revenue Hit $2.65B in Q3 With the onset of T+1 shorter settlement, securities lending has come under a lot of scrutiny, but one aspect of the global securities finance industry appears to have an upside: revenue for this sector is rising. “The global securities finance industry generated $2.65 billion in revenue… Read More >>
Fiserv Plans N.J. Hub for 2,000 New Jobs
Berkeley Heights Is Site of New Fiserv Campus Payments and financial technology vendor Fiserv is expanding its presence in New Jersey via a new location in Berkeley Heights that will bring approximately 2,000 jobs to the area, officials say. “The planned Fiserv campus will serve as a strategic center of excellence for technology and product… Read More >>
Allianz Picks IHS Markit’s thinkFolio Platform
Allianz to Use AWS as Platform Host Allianz Global Investors, an asset manager, has adopted IHS Markit’s thinkFolio investment management platform for its global fixed income business, the firm says in a statement, which also notes that the firm will “leverage thinkFolio as a managed service hosted on the Amazon Web Services … cloud.” The thinkFolio… Read More >>
LSEG Rejects $39 Billion Takeover Bid from HKEX
A bid from Hong Kong Exchanges and Clearing Ltd. (HKEX) to take over the London Stock Exchange Group plc (LSEG) has been rejected by the LSEG board. On September 11, HKEX went public with its $39 billion takeover bid, arguing that a combination with LSEG would be “a highly compelling strategic opportunity to create a global market… Read More >>
Citi Sets Up a Co-Presidency as HKEx Revamps Top Management
Citi’s CEO to Work with Co-Presidents Citigroup’s CEO Michael Corbat says he has appointed Jamie Forese and Manuel Medina-Mora as co-presidents of the bank to provide continuity as Citi aims for operational excellence and bottom-line results for its clients and stakeholders. The executive appointments follow Vikram Pandit’s exit this past October from his post as… Read More >>
