Cloud provider Abacus Group has acquired competitor Proactive Technologies to become the largest IT managed services provider for alternative investment firms in the New York metropolitan region, officials say. The acquisition will cement a relationship that began as a partnership and will lead to a wider array of services for their mutual customers, say Abacus… Read More >>
Abacus Group Buys Hedgepoint Solutions
IT Consultancy to Join Abacus Group Abacus Group, which hosts IT solutions and applications for alternative investment firms, is acquiring Hedgepoint Solutions, a boutique IT consulting firm based in New York City whose clients will be able to use the Abacus Cloud platform. Hedgepoint was founded in 2001 to offer technology services to businesses across… Read More >>
2018 Predictions: Hackers Will Hit Harder Than Last Year
(Editor’s Note: Cybersecurity concerns are high on almost every prognosticator’s list and several of them are predicting that things are only going to get worse for the securities industry.) “Unfortunately, we won’t be surprised to see another Equifax-like situation happen in 2018,” says Robert Roley, senior vice president, managing director and general manager for SS&C… Read More >>
2018 Predictions: Global Markets to Expand Despite Jolts
(Editor’s Note: Predicting what the financial markets, regulators and industry participants will do in 2018 is a challenge as there are so many variables that could undercut prognostications. Yet in a bid to offset chaos, FTF News has put together a round-up of opinions and initiatives from researchers, analysts and executives at the TABB Group,… Read More >>
S&P Global to Sell QuantHouse
S&P Says a QuantHouse Founder Is the Buyer S&P Global has entered into a definitive agreement to sell Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse’s original founders, according to S&P Global officials, who decline to disclose terms of the transaction were not disclosed. QuantHouse offers trading solutions such… Read More >>
GreenKey and Symphony to Test App for Capturing Voice Quotes
Symphony to Integrate Greenkey App into Messaging Startup GreenKey, creator of “an extremely thin web application” for voice-based collaboration among financial services firms, is releasing a pilot version of a “voice quote capture” application. It will be available for enterprise clients of messaging vendor Symphony Communication Services for a pilot test, say officials from both… Read More >>
Lombard Risk Hires from RBS to Fill CEO Post
Lombard Risk Management Names New CEO Lombard Risk Management plc, a provider of integrated collateral management and regulatory reporting solutions for the financial services industry, reports that Alastair Brown has joined its board as CEO. Brown will report to Philip Crawford, who will continue to serve as executive chairman for the remainder of the financial… Read More >>
Abacus Group Debuts Dashboard for Key System
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched Abacus Cloud Panel, a web-based portal intended to help CEOs and chief technology officers (CTOs) enhance the management of email via the AbacusFlex system, officials say. AbacusFlex serves as the host for IT infrastructures and applications, and offers… Read More >>
Condé Nast Data Security Director Joins Abacus
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has named Brian Lozada to be its director of information security. Lozada, who joins from Condé Nast where he held the same title, will report to Viktor Tadijanovic, Abacus Group’s chief technology officer (CTO). At Condé Nast, Lozada was responsible… Read More >>
Abacus Group’s New CFO from ConvergEx
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has named Jonathan Bohrer, a former ConvergEx Group managing director, to be its new chief financial officer (CFO). Bohrer, an industry veteran, will oversee the company’s financial and accounting activities, along with other administrative and operational functions, including human resources,… Read More >>
