Vendor Eagle Investment Systems, a subsidiary of BNY Mellon, reports that its data management solution has gone live at Deutsche Asset and Wealth Management, where it will support the firm’s EMEA and Asia-Pacific operations, officials say. “Deutsche AWM, with €1.039 billion of assets under management (AUM), is among the 10 largest bank-owned asset and wealth… Read More >>
New Asset Management Senior Partner at Caldwell Partners
Toronto-headquartered Caldwell Partners International Inc., an executive search firm, reports that Glenn Buggy has joined as a senior partner in the asset and wealth management practice, and as the leader of the legal, risk and regulatory oversight practice. His mandate is to “focus on leading the firm’s growth in financial services legal, compliance, anti-financial crimes,… Read More >>
IVP Taps Eze Castle Software for MD
Indus Valley Partners (IVP), a vendor of alternative asset management solutions, has hired Sachin Kachhla, a former executive at portfolio management system provider Tradar, to be its managing director for sales and client relations, officials say. “Kachhla established and grew the North American business of Tradar,” say IVP officials, “from under five clients to over… Read More >>
Broadridge’s Purchase of Direxxis Paves Way for Product Integration
Broadridge Financial Solutions has acquired Direxxis, a provider of cloud-based marketing solutions and services, in a bid to broaden its offerings for wealth and asset managers, and to provide integration with Direxxis’ marketing management and automation platform, officials say. Direxxis offers integrated enterprise marketing solutions to integrate people, processes and technologies, officials say. Direxxis’s sales… Read More >>
BI-SAM Promotes COO to CEO
Financial software provider BI-SAM has announced that William Haney, currently the vendor’s chief operating officer (COO), will be moving into the top spot, taking over as CEO, effective January 1, 2015, according to a company statement. Haney will succeed BI-SAM’s founder and CEO Alexandre Harkous, who will remain a board member and a “significant shareholder… Read More >>
Upheaval Coming for Asset Managers’ Back Offices
The global asset management industry is at a crossroads. In order for firms to move forward in a shifting macro environment, according to three new reports, they’ll need to look backward — to the back office. Each of the reports has a slightly different focus, but all three conclude that many asset managers will be… Read More >>
