New EMEA Head for BNY Mellon Markets & New Corporate Trust Head for MENA BNY Mellon has appointed Dan Watkins as head of BNY Mellon Markets in Europe, the Middle East and Africa (EMEA), and appointed Paul Farrell as head of sales and relationship management for corporate trust in the Middle East and North Africa… Read More >>
Four Women Nominated for Top Ops Prize of FTF Awards
Four women have made the list of nominees for the Ops Business Person of the Year category of the 2017 FTF News Technology Innovation Awards, reports Financial Technologies Forum (FTF), owner of online news service FTF News and FTF Focus magazine. In addition, FTF reports that it has finalized the list of nominees and has… Read More >>
BNP Paribas Securities Services Fills Key Americas Post
BNP Paribas Securities Services Appoints Head of Americas Region BNP Paribas Securities Services, which tallies over $9 trillion in assets under custody, reports the appointment of Claudine Gallagher as head of its Americas region, in addition to her existing mandate as head of securities services North America. “In this expanded role, Gallagher assumes responsibility for… Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
Exchanges, Clearinghouses, CSDs Embrace DLT with Caution
The world’s largest securities exchanges, clearinghouses and central securities depositories (CSDs) are exploring the possibilities of blockchain/distributed ledger technology (DLT). But concerns remain as to whether the technology will deliver the promised goods of a more streamlined and efficient world, according to a new survey conducted by the World Federation of Exchanges (WFE) and the… Read More >>
BNY, Deutsche Bank, ICAP Back UBS Digital Cash Push
BNY Mellon, Deutsche Bank, ICAP and Santander are throwing their support behind the Utility Settlement Coin (USC) concept from UBS and newcomer Clearmatics Technologies that could lead to digital cash-based payment and settlement operations that exploit distributed ledger technology (DLT). The USC effort is intended to result in “an asset-backed digital cash instrument implemented on… Read More >>
JPMorgan to Exit Most Government Securities Settlement Services
JPMorgan is exiting its narrowly focused, government securities settlement services business, which includes Treasury and agency bonds, ending support for approximately 30 clients, bank officials confirm. The clients affected use the bank’s broker-dealer channel and JPMorgan then uses the Federal Reserve’s securities transfer system. While some news outlets recently reported that JPMorgan would be leaving… Read More >>
BNY’s JGB Collateral Service Open to Non-Japanese Firms
BNY Mellon has introduced a cross-border solution that enables Japanese and non-Japanese institutions to utilize Japanese government debt (JGB) as part of tri-party collateral arrangements, says Staffan Ahlner, head of collateral management —product, for BNY Mellon Markets Group. The service provider says the solution is distinctive because it increases liquidity in the collateral market “by… Read More >>
SS&C and Advent Team Up for Geneva Upgrade
SS&C and Advent Teams Focus on Combined Clients Technology teams from financial services software and systems vendor SS&C Technologies and its recent acquisition Advent have been working closely and quickly to deliver Geneva, version 15.2, the latest release of the fund administration platform for their joint fund administration clients. Originally an Advent product, Geneva offers… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
