Global asset manager TCW Group has hired Heather Conforto Beatty as a senior vice president on the institutional marketing team, officials say. In her new role, Beatty will manage relationships with institutional investment clients on the West coast. She will be based in Los Angeles and will report to Joe Carieri, group managing director and… Read More >>
Fenergo’s New COO from Adobe
Fenergo, the Dublin, Ireland-based provider of client lifecycle management software for investment banks, capital market firms and private banks, reports the appointment of Colm Heffernan as chief operating officer (COO). Industry-veteran Heffernan joins Fenergo from Adobe Systems, “where he spent 15 years in a variety of senior roles,” according to a statement. Most recently, he… Read More >>
DTCC’s Client Data Hub Live at Five Top Banks
Barclays, Credit Suisse, Goldman Sachs, JPMorganChase and State Street are using the Clarient Entity Hub, a client onboarding and data management solution made by Clarient Global, a new DTCC company, officials say. The service helps firms “store, maintain and distribute data and documentation to relevant counterparties, service providers and regulators in order to comply with… Read More >>
Six Derivatives Dealers Pick KYC Joint Venture
Markit | Genpact KYC Services, a joint venture between Markit and Genpact Ltd., has announced that six G14 derivatives dealers are implementing the centralized service aimed at streamlining the collection and management of know your customer (KYC) information, officials say. The G14 dealers that will be implementing the service are BNP Paribas, Citi, Deutsche Bank,… Read More >>
Liquid Releases Mobile Portfolio Analysis App
Cloud-based solutions vendor Liquid Holdings has introduced LiquidMobile, a web-based app that allows hedge funds to manage their portfolio and conduct risk analysis and reporting across multiple funds on a mobile device in real time, officials say. LiquidMobile runs on both desktop and mobile devices, and allows fund managers to interact with historical, real-time, and… Read More >>
Eaton Vance Picks SimCorp for Client Reporting
SimCorp, a provider of investment management solutions and services for the financial services industry, reports that Eaton Vance Management, an investment management firm, has opted to make SimCorp’s Coric the new client reporting and communications platform for both its own operations and for its “majority owned affiliates,” including Parametric and Atlanta Capital Investment Managers. Eaton… Read More >>
IRS Launches Web App for FATCA Reporting
Internal Revenue Service (IRS) officials are opening enrollment for its web app, the International Data Exchange Service (IDES), which targets financial institutions and host country tax authorities that want to “securely send their information reports” about U.S. persons governed by the Foreign Account Tax Compliance Act (FATCA) and/or the terms of intergovernmental agreements (IGAs). “More… Read More >>
NICE Actimize, Alacra to Combine Wares
Financial technology vendors NICE Actimize and Alacra will be integrating Alacra’s customer onboarding and know your customer (KYC) tools with Actimize’s customer due diligence (CDD) and anti-money laundering (AML) solutions to create a single process for data capture. The new alliance will help customers move beyond conducting KYC, due diligence and related processes across multiple,… Read More >>
Joss Technology to Use OpenCorporates Data
Entity data management vendor Joss Technology will be using the company information datasets of the cutting-edge OpenCorporates website in order to provide data management tools and workflows for key securities operations, officials say. The vendor and the website sponsored by Chrinon Ltd., are hoping that the combined offerings can be applied to compliance, risk management,… Read More >>
Q&A: Are You Ready for FATCA, Phase 2?
(Editor’s note: Firms are moving into the second major phase of meeting the requirements of the Foreign Account Tax Compliance Act (FATCA). FTF News spoke to Micah Willbrand, the London-based director, global AML product marketing at NICE Actimize, about the changes firms are making as a result of FATCA compliance. For now, firms have some… Read More >>
