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Principal Asset Management Taps SS&C Again

March 26, 2025 by Eugene Grygo

Principal Asset Management Taps SS&C Again

Principal Asset Management, the investment management division of Principal Financial Group, has extended its transfer agency relationship with SS&C Technologies, which will help the firm oversee public and private investment capabilities, multi-asset strategies, and retirement solutions. “SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal’s 114 mutual funds,… Read More >>

Filed Under: Securities Operations, Affirmation, Allocation & Confirmation, Back Office, Middle-Office, Operational Risk, Ops Automation, Outsourcing, Reconciliation & Exceptions, Diversity, Equity, and Inclusion (DEI) Tagged With: asset management, automation, back office, Securities Operations, SS&C, wall street

MUFG Launches a Major Foray into Asset Management

February 6, 2024 by Eugene Grygo

MUFG Launches a Major Foray into Asset Management

Mitsubishi UFJ Financial Group (MUFG) quietly announced what could turn out to be a major wave in the global asset management industry. MUFG, the holding company for commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing services, recently announced that it has begun implementing an asset management (AM) business strategy that… Read More >>

Filed Under: Securities Operations, Affirmation, Allocation & Confirmation, Back Office, Buy-Side, Data Management, Industry News, General Interest, Governance, Back-Office, Opinion, Minding the Gap Tagged With: asset management, asset manager, asset servicing, automation, back office, back office outsourcing, Mitsubishi UFJ Financial Group, operations, Securities Operations

Millennial Wave Coming for Financial Advisors: Survey

September 7, 2021 by Eugene Grygo

Millennial Wave Coming for Financial Advisors: Survey

Apparently, there’s at least one thing that the Millennial generation likes that their Boomer parents also like — enlisting financial advisors. This might be good news for securities trading firms worried that the wealth of young America was heading down a cryptocurrency rabbit hole. This was uncovered via a new study sponsored by post-trade systems… Read More >>

Filed Under: FTF Bull Run Blog, Securities Operations, Operational Risk, Diversity & Human Interest, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Artificial Intelligence, Digital Transformation, FinTech Trends, Opinion, Minding the Gap, ESG Data & Investing, KYC, Industry News Tagged With: asset management, automation, Broadridge Financial Solutions, cryptocurrencies, data management, Millennials, wall street, wealth management

DataRobot Taps Rob Hegarty for General Manager Post

July 2, 2019 by FTF News

DataRobot Taps Rob Hegarty for General Manager Post

Hegarty to Head Financial Markets and Fintech Unit DataRobot reports that Rob Hegarty has been appointed its general manager of financial markets and fintech. Hegarty, a financial technology veteran, will lead DataRobot’s expansion in the capital markets and fintech industries by “empowering even more organizations to leverage machine learning and become AI-driven,” according to the… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), Artificial Intelligence, FinTech Trends, Back-Office, Integration, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: Allen Parker, asset management, CACEIS, Cappitech, DataRobot, Derek Flowers, fintech, FinTech Briefs, Groupama Group, IHS Markit, Itiviti, Jeremy Smith, Mary Katherine DuBose, MiFID II, Rob Hegarty, SFTR, Wells Fargo

Firms to Cut 400,000 Jobs by 2030: Report

May 31, 2019 by Eugene Grygo

Firms to Cut 400,000 Jobs by 2030: Report

As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Outsourcing, Reconciliation & Exceptions, Risk Management, Settlement, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Artificial Intelligence, FinTech Trends, Back-Office, Blockchain/DLT, Integration, Standards, KYC, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: AI, artificial intelligence, asset management, Axel Pierron, data analytics, digital transformation, market research, Opimas, securities firms, staff cuts, STEM, workforce

Piper Jaffray Sells Off Asset Management Businesses

May 30, 2019 by Eugene Grygo

Piper Jaffray Sells Off Asset Management Businesses

Investment bank Piper Jaffray Companies is leaving the asset management realm via the sale of its Advisory Research Inc. (ARI) businesses, which will help the firm sharpen its IB focus, officials say. Piper Jaffray acquired ARI in 2010, and during the past nine years, “the asset management industry has continued to evolve in terms of… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Corporate Actions, Data Management, Industry News, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Settlement, General Interest, Governance, FinTech Trends, Back-Office, Standards, Performance Measurement, KYC, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: Advisory Research Inc., asset management, Chad Abraham, Deb Schoneman, distribution capabilities, financial performance, IB focus, Kevin Birzer, Piper Jaffray, Tortoise Capital Advisors

Asset Managers Must Disrupt Hiring Practices: Report

April 17, 2019 by Eugene Grygo

Asset Managers Must Disrupt Hiring Practices: Report

The disruptions rocking the securities industry — fee compression and consolidation, artificial intelligence, big data, analytics and social media — are rippling through the asset management sector and compelling many to reconsider hiring practices for core business functions. This is according to a report from Greenwich Associates, “Top Asset Management Talent Will Need to Evolve…… Read More >>

Filed Under: FTF Bull Run Blog, Derivatives Operations, Securities Operations, Buy-Side, Data Management, Industry News, Operational Risk, Ops Automation, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Artificial Intelligence, FinTech Trends, Blockchain/DLT, Opinion, Minding the Gap, KYC, Regulation & Compliance, Industry News, People Moves Tagged With: analytics, artificial intelligence, asset management, Big Data, consolidation, Eugene Grygo, Greenwich Associates, Minding the Gap, Sara Sikes, securities industry, social media

Pagaya Raises $25 Million in Series C Funding

April 3, 2019 by Eugene Grygo

Pagaya Raises $25 Million in Series C Funding

Pagaya Investments, an asset manager for alternative investments, has raised $25 million in Series C funding that will help the firm achieve its goal of reshaping asset management via cutting-edge, disruptive IT, officials say. Oak HC/FT led the $25 million round with participation from: Pagaya’s seed investor Viola Ventures, a venture capital firm that manages over… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Artificial Intelligence, FinTech Trends, Standards, Performance Measurement, KYC, Cybersecurity, Industry News, People Moves Tagged With: AI technologies, alternative investments, asset management, disruptive IT, Gal Krubiner, Harvey Golub, Oak HC/FT, Pagaya Investments, Series C funding

World Bank Signs Licensing Agreement with SimCorp

March 15, 2019 by FTF News

World Bank Signs Licensing Agreement with SimCorp

World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Case Studies, Clearing, Corporate Actions, Data Management, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Settlement, Governance, FinTech Trends, Back-Office, Integration, Standards, Performance Measurement, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting Tagged With: asset management, Broadridge, cash and securities management, collateral management, data warehouse, ENGIE, fund administration, general ledger, Haytham Kaddoura, IBOR, investment accounting, Landesbank Baden-Wurttemberg, mortgage-backed securities, Navy Federal Credit Union, Orchestrade, performance management, Philippe Vedrenne, R.J. O'Brien, real-time P&L, reconciliation, regulatory requirements, risk, risk management, SaaS platform, settlement, SimCorp, SmartStream Technologies, straight through processing, trade capture, William Tabri, World Bank

BB&T Securities Settles SEC Charges of Misleading Clients

March 12, 2019 by Eugene Grygo

BB&T Securities Settles SEC Charges of Misleading Clients

BB&T Securities and the SEC have settled charges that a firm acquired by BB&T’s parent company allegedly misinformed advisory clients that they were getting discounted full-service brokerage services internally “while significantly less expensive options were available externally,” according to the SEC. Ultimately, the agreement requires BB&T Securities to return “more than $5 million to retail… Read More >>

Filed Under: Securities Operations, Buy-Side, Case Studies, Corporate Actions, Industry News, Middle-Office, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: asset management, BB&T Securities, brokerage services, investment advisory, retirement planning, SEC, settlement, Valley Forge Asset Management

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