Acquisition Expected to Close by June 30 The London-based Capco, a financial services and technology consultancy, will become part of Wipro Ltd., the Bangalore-based global IT and services provider as a result of a $1.45 billion acquisition. The agreement will enable Wipro to offer “digital, consulting and technology services to financial institutions in the Americas,… Read More >>
GFI Board Supports CME Group Acquisition
The board of directors for interdealer broker GFI Group, which has been courted aggressively by the CME Group and BGC Partners, will recommend that GFI stockholders at a rescheduled special meeting on Friday, Jan. 30, 2015 vote for the proposed merger with CME Group. The revised terms of the CME transaction have been approved by… Read More >>
KCG Appoints a CFO
Jersey City, NJ-based KCG Holdings, Inc. has named Steffen Parratt chief financial officer, effective immediately, officials say. He takes over from interim CFO Sean Galvin, who will return to his post as the company’s chief accounting officer. KCG Holdings, which was known formerly as Knight Capital Group, was acquired by Getco LLC in 2012. Following… Read More >>
Ladenburg Thalmann Finishes SSN Addition
Miami-based Ladenburg Thalmann Financial Services Inc., a publicly traded financial services company, reports that it has completed its previously announced acquisition of Securities Service Network, Inc., a broker-dealer, registered investment advisor and insurance agency, based in Knoxville, Tennessee. SSN, founded in 1983, has approximately 450 financial advisors, registered representatives and insurance agents around the country… Read More >>
