With portfolio and risk managers in mind, Numerix is allowing it libraries of analytics for derivatives to be used within S&P Capital IQ’s Portfolio Risk solution as the result of a new partnership between the two vendors. The Portfolio Risk solution offers an integrated data and analytics platform, interactive portfolio dashboards to aggregate or dissect… Read More >>
ISDA Defines a New Credit Event as Gaia and Numerix Take on EMIR
New Credit Event Part of ISDA’s 2014 Derivative Definitions The 2014 ISDA Credit Derivatives Definitions to come in September will introduce several new terms and a new credit event that would be triggered by a government bail-in of a financial reference entity, according to the International Swaps and Derivatives Association. The version to come in… Read More >>
CFTC Appoints an Acting Chairman as Numerix Hires from Wolters Kluwer
CFTC Appoints Wetjen as Acting Chairman CFTC commissioners have unanimously voted Mark P. Wetjen, a CFTC commissioner whose major focus has been on swaps trading reform, to serve as acting chairman after incumbent Chairman Gary Gensler’s expected departure early next year, say CFTC officials.Wetjen became a commissioner on October 25, 2011, officials say. Before… Read More >>
CalPERS’ Departing COIO Completes Exit as Numerix Picks an MD for EMEA
Pension fund giant the California Public Employees’ Retirement System (CalPERS) has promoted Eric Baggesen to the post of senior investment officer (SIO) for asset allocation and risk management just as Janine M. Guillot, the former chief operating investment officer (COIO), is completing the final projects of her tenure, say CalPERS officials. Baggesen has been serving… Read More >>
Broadridge and Scivantage Tackle TARP III as SS&C Updates GoWire
Broadridge and Scivantage to Take on TARP III Broadridge Financial Solutions clients will gain access to the Maxit tax lot accounting system for cost-basis reporting from Scivantage, according to a strategic partnership targeting financial services firms that need help with so-called TARP III compliance, say officials from both companies. In April, the Internal Revenue Service… Read More >>
Survey Finds Asset Managers Want to Centralize Investment Data as Interactive Brokers Embraces ISO 20022 for Corporate Actions
Aite Group Finds Support Growing for Investment Book of Records Approach Asset managers and wealth management firms are moving toward an unobstructed, holistic view of their investment data as they embrace an investment book of records (IBOR) approach, says Rick McCarthy, vice president of sales and marketing for the Americas at DST Global Solutions. The… Read More >>
FASB Names its Next Chairman as Collaborative Consulting Recruits from eBusinessware
Russell Golden to be Next FASB Chairman Russell G. Golden will be promoted to the post of chairman of the Financial Accounting Standards Board (FASB), effective July 1, 2013, officials say. Golden will succeed Leslie F. Seidman, whose term as FASB chairman ends on June 30. The board of trustees of the Financial Accounting Foundation… Read More >>
Former Logica CFO Joins Misys as Spot Trading Shuffles Execs
Misys Hires CFO from Logica Misys, a provider of banking, treasury, trading and risk solutions, has hired the former chief financial officer (CFO) for Logica, Himanshu Raja, to be its CFO as Misys readies itself for growth, officials say. At Logica, Raja led the sale process that resulted in CGI of Canada acquiring Logica for… Read More >>
Numerix’s COO Is the Next CEO as the CME Group Announces Board Nominees
Numerix Promotes COO to CEO Numerix, a cross-asset analytics vendor for derivatives valuations and risk management, has promoted its president and chief operating officer (COO) Steven R. O’Hanlon to the post of CEO and president, officials say. Dr. Gregory Whitten, who held the position of CEO since 2003 will remain as chairman of the board.O’Hanlon… Read More >>
Things to Do After the Apocalypse
This might be my last Minding the Gap column ever as the ancient Mayan calendar points to the world ending on Dec. 21, 2012. However, my guess is that discerning an expiration date for humankind is tricky as multiple cultures have conflicting calendars. But, if the Mayans were wrong, we will have lots to do… Read More >>
