CUSIP Global Services (CGS), which produces identifying instruments and entities for the capital markets, has announced that Scott Preiss, currently CGS’s vice president and chief operating officer (COO), will replace Jim Taylor as head of the organization when he steps down on July 1. CGS is owned by S&P Capital IQ, which is itself owned… Read More >>
ICAP SVP to Focus on New Fixed Income Products
Interdealer broker ICAP has appointed Ted Bragg to be its senior vice president of fixed income product initiatives in the ICAP US Securities group effectively immediately, officials say. In his new role, Bragg will be based in New York and will be responsible for “creating and developing new hybrid fixed income products for ICAP’s US-based… Read More >>
Do You Want a Robot Writing Your Reports?
Much has been made in the mainstream media about software systems that can take lots of data (previously gathered via tedious methods) and create a wide range of prose from nonfinancial news to reports about the performance of funds. FTF News was so intrigued that we’ve put together a special report on the subject, “Will… Read More >>
BNY Mellon Promotes for CEO of Wealth Management
BNY Mellon, an investment management and investment services provider, has promoted Donald J. Heberle to be the new CEO of BNY Mellon Wealth Management, succeeding current CEO Lawrence Hughes who is retiring on June 30, officials say. Hughes, who is leaving after 24 years with BNY Mellon, will continue with BNY Mellon in an advisory… Read More >>
Daiwa Capital Markets Deploys Torstone for Hong Kong
Daiwa Capital Markets Hong Kong, the investment banking arm of Daiwa Securities Group, has gone live with securities and derivatives processing software vendor Torstone Technology’s Inferno post-trade processing platform, officials say. The switch marks “the latest phase of a long-term collaboration to implement best-of-breed back-office technology across multiple asset classes at Daiwa HK,” according to… Read More >>
EBS and BrokerTec Make Strides in Merging Businesses
EBS BrokerTec, interdealer-broker ICAP’s electronic foreign exchange and fixed income business, has announced that it’s made significant strides in combining the businesses of EBS and BrokerTec since they merged divisions six months ago, officials say. EBS BrokerTec has combined its sales, support and on-boarding teams, allowing “the business to leverage its scale and reach more… Read More >>
LCH.Clearnet Appoints Global Head of Sales
LCH.Clearnet Group reports that Ali Hackett has been named to the newly created position of global head of sales and relationship management. She will be responsible for “maximizing the value, reach and range of the Group’s existing customer relationships whilst pursuing new member and client business opportunities,” according to a statement. Hackett, who will be… Read More >>
Pioneer Names Head of Equity Research, U.S.
Pioneer Investments reports that Craig D. Sterling has joined as senior vice president, head of equity research, U.S. In this post, “he is responsible for managing Pioneer Investments’ team of 14 U.S. equity research analysts based in Boston,” the company says, adding that the analyst “team supports a wide range of equity strategies with approximately… Read More >>
ITG to Aide Buy-Side to Buy-Side Trades via Bondcube
Bondcube, a fixed income trading platform, has appointed execution broker ITG as a U.S. trading intermediary for Bondcube’s buy-side to buy-side trades, officials say. For the new role, ITG will facilitate the settlement of trades between buy-side participants. In addition, the partnership will increase the probability of a match for clients of ITG and Bondcube… Read More >>
eClerx Partners with Comply Exchange
Business process support vendor eClerx has partnered with Comply Exchange, a tax compliance and reporting services provide, to “form an end-to-end solution for tax reporting,” according to an official statement. The partnership aims to provide financial entities with a scalable tax reporting solution to “support the many cumbersome activities associated with customer segmentation, client outreach, data… Read More >>
