SS&C’s Tier 1 Gains Users & Features The Tier 1 capital markets and investment banking customer relationship management (CRM) platform from SS&C Technologies has been enhanced, has more than 1,000 new end-users, and has the support of more staff members, officials say. The new features “include improved data insights and in-app information delivery,” officials… Read More >>
Jefferies Embarks Upon a Major Overhaul
Investment bank Jefferies Financial Group has embarked upon a major overhaul of its business lines in an effort to bolster its core of investment banking and capital markets. But a lot of shifting and shuffling has to happen first, including the combining of Jefferies Group LLC into Jefferies Financial Group Inc. “Jefferies expects to streamline and… Read More >>
Wall Street Responds to the Ukrainian Humanitarian Crisis
As financial services firms face the challenges of intense market volatility, the ongoing flow of sanctions, and the many other ramifications stemming from Russia’s horrifying invasion of Ukraine, they are also responding to a humanitarian crisis that has only just begun. For instance, investment bank Jefferies announced that it will holding a “Doing Good Global Trading… Read More >>
Jefferies Honors CFO & Donates to Coronavirus Charities
The investment bank Jefferies Group held a Global Coronavirus Relief Charity Day on Wednesday, May 27, and, on the next day, announced that it will donate $9.25 million to more than 85 charities and relief efforts focused on those suffering from the COVID-19 virus. The firm dedicated this effort to the memory of Mr. Peregrine… Read More >>
CIBC to Deploy Reporting Hub from Wolters Kluwer
CIBC to Expand Use of OneSumX Canadian financial institution CIBC will be using financial technology vendor Wolters Kluwer’s OneSumX regulatory reporting software for its efforts in the U.K. and Asia Pacific region, vendor officials say. The OneSumX offering provides solutions and services to “manage the intersection of governance, finance, risk and compliance, increasing organizational profitability,… Read More >>
Jefferies Joins Markit’s Messaging Network
Investment bank Jefferies has joined Collaboration Services, the open messaging network from Markit, a provider of financial information services, according to a company statement. “With Markit’s network we are giving our team another tool with which to communicate and do business with clients,” says Marty DeMonte, managing director and chief information officer (CIO) at Jefferies,… Read More >>
Jefferies Outsources 100 Employees to FIS
Investment bank Jefferies is outsourcing approximately 100 operations and IT people across its global operations to FIS, a banking and payments technology provider, as part of a cost-cutting effort and an embrace of outsourcing as a long-term strategy. Financial services management consulting firm Capco is also a part of the agreement and together FIS and… Read More >>
