Credit Suisse Hosts Summer Immersion Program Credit Suisse reports that it’s a corporate sponsor of a virtual Summer Immersion Program for Girls Who Code, a nonprofit group focused on ending the gender gap in technology. “Credit Suisse will host a two-week program where students in high school will have an opportunity to build the technical… Read More >>
BlackRock Asks SEC to Streamline Climate Risk Reporting
With $10 trillion in assets under management (AUM), BlackRock is generally considered one of the world’s top asset managers. So, when it sends a comment letter about a regulatory matter, people tend to pay attention. Earlier this month, BlackRock sent its list of suggestions to the SEC about the regulator’s push for new regulation that… Read More >>
Aladdin Grants BlackRock’s Wish & Other News
BlackRock Lands $150B Mandate with AIG BlackRock’s investment management technology platform Aladdin will play a key role in the $150 billion mandate that the asset manager just signed with insurance giant American International Group (AIG), officials say. The Aladdin platform encompasses portfolio management and risk analytics. The world’s largest asset manager will oversee key AIG… Read More >>
BlackRock’s Aladdin Links to Portware’s EMS & Other News
FactSet & BlackRock Forge Partnership Asset management giant BlackRock will be integrating its Aladdin investment management and operations platform with FactSet’s Portware execution management system (EMS) to offer common clients access to trade execution, multi-asset portfolio and risk management support, and Portware’s electronic trading and automation capabilities via an application programming interface (API), officials say…. Read More >>
House Passes Bill to Fix ‘Tough’ LIBOR Contracts
Bill Would Ease the Way to SOFR In a rare act of bipartisanship, the U.S. House of Representatives overwhelmingly passed legislation intended to ease the London Interbank Offered Rate (LIBOR) transition for “markets, investors, and consumers” with what’s known as “tough legacy contracts” — incumbent agreements that will end without a designated reference rate. The… Read More >>
BlackRock Raises Base Salaries & Expectations
BlackRock, the world’s largest asset manager, appears to be growing even bigger according to its second quarter results. In the wake of this enviable growth, the firm has done the rarely thinkable — announced plans to raise base salaries by 8 percent “for all active employees up to and including the director level” by September… Read More >>
SmartStream & Acadia Target Collateral Interest Payments
SmartStream System to Use Acadia’s Margin Manager Post-trade solutions vendor SmartStream Technologies is partnering with Acadia, the former AcadiaSoft, which changed its name and mission from a collateral management automation provider to an integrated risk management services vendor for derivatives transactions, officials say. The SmartStream TLM Collateral Management solution “will work alongside Acadia’s interest statements… Read More >>
BlackRock Embraces ESG & Climate Change Reforms
Larry Fink, chairman and CEO of the world’s largest asset manager BlackRock, is making the case to his shareholders and fellow corporate executives that major steps forward need to be taken to advance environmental, social, and corporate governance (ESG) goals in financial services and beyond, and, particularly, to combat the impacts of global warming. The… Read More >>
SWIFT Makes Sibos Virtual for 2021
Sibos to Be In-Person for 2022 The international financial services operations conference known as Sibos, produced by the SWIFT consortium, and slated for October of this year will be a virtual event, officials have confirmed. The conference in 2022 has been slated to be an in-person event. “The Covid-19 pandemic continues to impact the way… Read More >>
BlackRock’s Aladdin Takes On Climate Risk
BlackRock Launches Climate Risk Add-On for Aladdin Asset management giant BlackRock is targeting financial institutions and investors that want to quantify climate risk via their portfolios. To help firms take on climate risk, BlackRock has launched the Aladdin Climate software application that analyzes climate risk and opportunities “at the security level,” and tracks policy changes,… Read More >>
