Asset custodian Northern Trust is shaking up its executive line-up for the Corporate and Institutional Services (C&IS) via a series of promotions starting with Peter B. Cherecwich, who has been named president of the C&IS group. Cherecwich had been serving in a regional role as president of C&IS-Americas. Cherecwich succeeds Michael O’Grady who moved up… Read More >>
Deutsche AM Fills Key Investment Strategist Post
David Bianco Tapped for Chief Investment Strategist for the Americas Deutsche Asset Management (Deutsche AM) has a new chief investment strategist for the Americas and head of equities in the U.S., David Bianco, who has been serving as the bank’s U.S. Equity Strategist since 2012, officials say. Bianco will be based in New York and… Read More >>
Firms Could See Stormy Weather in 2017
(In this second installment of predictions [click here to read the first installment and here for the third installment], FTF News is reviewing the predictions made about the investment outlook for 2017 and the cloud and digital technologies that may help firms cope with what will likely be an interesting year. The final story in… Read More >>
HTG Capital Buys Three of Kottke’s Businesses
HTG, Kottke to Form a ‘Strong Team’ HTG Capital Partners, a liquidity provider for listed and over-the-counter (OTC) derivatives instruments, is slated to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates, creating “a strong team” to take on the futures industry, say officials. HTG and Kottke Associates, which is a… Read More >>
Asset Managers Forced to Wring More Value Out of Data
Asset managers are facing a challenging dynamic in that they have to deal with ever-greater data flows and are under pressure to make the most of that data. Many asset managers say they are not squeezing value out of their data. In a recent survey conducted by The Economist Intelligence Unit (EIU) and sponsored by… Read More >>
Is the T+2 Move Worth the Pain?
(Editor’s note: As FTF News has reported previously, some large buy- and sell-side firms have begun the hard work of revamping infrastructures, workflows and budgets to facilitate the move to the shorter T+2 settlement cycle. Recently, we had the chance to speak to Ryan Burns, a senior vice president and co-manager of the Global Fund… Read More >>
Northern Trust’s CompleteFX Covers Post-Trade Ops
Custodian and asset service provider Northern Trust is confirming that its new offering CompleteFX, an outsourced service for processing and executing foreign exchange (FX) products for investment managers, offers support for settlement and other post-trade operations. The CompleteFX platform offers “accurate trade settlement,” which allows clients to “take advantage of our compression functionality to minimize… Read More >>
Northern Trust Deploys Asset Arena Control Center
Northern Trust has added financial technology provider SunGard’s Asset Arena Control Center (AACC) to the portfolio of products used by the custodian bank for automating back-office processes, according to a statement. AACC will “help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase… Read More >>
Forging IT Leadership in the Regulation Decade
A keynote speaker for the19th ISITC Annual Industry Forum and Vendor Show in Boston this week focused on the industry trade group’s raison d’être when he urged those in attendance to take on the “big challenges” such as driving a consensus to make standards reality such as the push for wider usage of ISO 20022-based… Read More >>
