Deutsche Bank Creates Combined Post to Oversee Corporate and Investment Banking Deutsche Bank reports that Pascal Boillat will join in the newly created post of chief information officer and head of operations to oversee corporate and investment banking. The appointment is effective February 1, 2016, bank officials say. In another combined post, Boillat will report… Read More >>
SS&C Matching Service to Tackle U.S. Market Next Year
With a nod from the SEC, SS&C Technologies will be able to target its cloud-based, post-trade matching service SSCNet at the “significant unmet trade matching service levels in the U.S.,” say vendor officials. After being able to offer it to Canadian markets, SSCNet should be available to U.S. clients, starting sometime next year, says Bob… Read More >>
BNP Paribas Securities Services to Use SimCorp’s Platform
BNP Paribas Securities to Use SimCorp’s Dimension Platform BNP Paribas Securities Services reports that it has implemented the SimCorp Dimension system to streamline accounting processes for its clients. The firm has implemented the SimCorp Dimension platform to manage its integrated accounting offering “as well as other services in its comprehensive product suite,” according to SimCorp… Read More >>
SS&C: Primatics Purchase to Help Clients Untangle Complex Loan Ops
Financial software and services vendor SS&C Technologies is acquiring Primatics Financial for approximately $122 million because of the surge in demand among SS&C clients for help with originating, buying, selling and securitizing loans, according to SS&C. SS&C announced on Monday that it will acquire Primatics via a cash and debt-free transaction with private equity giant… Read More >>
SS&C to Acquire Primatics for $122M
Financial software and services vendor SS&C Technologies has acquired Primatics Financial for approximately $122 million on a cash and debt-free basis from private equity giant The Carlyle Group to lay the groundwork for a solution that integrates accounting, statutory and entity reporting, officials say. SS&C officials say the acquisition is slated to close during the… Read More >>
SS&C Embraces Cloud-Based Reporting via Varden Purchase
Services and software vendor SS&C Technologies is clearly in a buying mood as it announced its third acquisition this year — Varden Technologies, a provider of client and advisor communication solutions for investment firms — in a bid for the leadership position in cloud-based enterprise reporting. Earlier this year, SS&C acquired Citigroup’s Alternative Investor Services… Read More >>
SS&C Names Advent’s Leadership Team as EMEA Director Departs
SS&C Technologies, a provider of financial services software, has named the leadership team for its recently acquired Advent Software business unit. At the same time, investment management systems and services vendor SimCorp has hired Martin Engdal, a former market strategist and senior director of business development, EMEA, for Advent. The new management structure for Advent… Read More >>
SS&C to Buy Citi’s Fund Admin Unit for $425M
In a bid to increase its global fund administration footprint, SS&C Technologies, a provider of FinTech software and software-enabled services, has acquired Citigroup’s Alternative Investor Services business, which includes hedge fund and private equity fund services, officials say. SS&C will pay $425 million for the Citi business, subject to certain adjustments, officials add. The transaction… Read More >>
Cheevers & Co. Opts for Cloud-based OMS
Cheevers and Company, a Chicago-based institutional brokerage firm, has gone live with SS&C MarketTrader as its order management system (OMS) via the cloud as a way to stay on top of its growing business, say vendor and firm officials. Officials at Cheevers say MarketTrader will enable the firm to “operate more efficiently at every step… Read More >>
SS&C: ‘Sunsetting products upsets your client base’
Editor’s note: Earlier this month, SS&C Technologies, which offers financial services firms software and software-enabled services, completed its $2.63 billion acquisition of Advent Software, a vendor of software and services for investment management firms. Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory… Read More >>
