Performance measurement vendor StatPro has acquired for an undisclosed sum the regulatory risk services bureau from Franco-German financial services group ODDO BHF in an effort to satisfy asset managers that increasingly want to outsource reporting and regulatory tasks. The cash acquisition was signed June 29 and took effect July 2, a StatPro official tells FTF… Read More >>
Accenture Acquires Formicary to Bolster Derivatives Services
Global professional services company Accenture has acquired U.K.-based capital technology markets consultancy Formicary, as part of its efforts to bolster its capabilities in market infrastructure. This area has become increasingly important as financial services firms look for solutions to combat rising costs incurred under regulatory legislation such as Dodd Frank in the U.S. and the… Read More >>
