Firm Taps Northern Trust for UCITS Support An investment management firm based in Abu Dhabi, AD Global Investors, will be using the asset servicing and trading solutions from Northern Trust to provide “an extensive range of to support its four new UCITS funds,” officials say. This is the second time that the firm will be… Read More >>
Investors and Regulators Push PE Firms for More Transparency
Private equity firms are feeling the heat for more IT solutions and better data management as an uptick in regulatory audits and exams is causing investors to demand more transparency, according to professional services firm EY’s 2016 global private equity fund and investor survey. The greater demand for transparency is one of the key findings… Read More >>
Convergex Fills CFO Post
Convergex, an agency-focused brokerage and trading-related services provider, reports that Frederick Arnold has joined the firm as chief financial officer (CFO). Arnold will oversee all global financial operations and serve on the executive committee, responsible for providing organizational guidance and governance, Convergex officials say. Currently a director of Lehman Brothers Holdings Inc. and Corporate Capital… Read More >>
Hedgie CFOs Worry Over EU’s Push to Split Research, Commissions
As European authorities consider a “hard unbundling” of research payments from commissions, a majority of chief financial officers (CFOs) at hedge funds recently polled by execution broker and research provider ITG say they would prefer to segregate the accounts of their European clients and use commission sharing agreements (CSAs) for their non-European clients. ITG surveyed… Read More >>
Former Disney VP Joins Vestmark as CFO
Advisory solutions and wealth management IT vendor Vestmark has hired Tiffany Freitas as its new chief financial officer (CFO), officials say. In her new role, Freitas will oversee the financial planning, corporate development, accounting, and investor relations groups, reporting to the CEO, officials say. The moves comes as Vestmark is on a “tremendous growth trajectory… Read More >>
Is Hillary’s New CFO a Nod to Elizabeth Warren?
Hillary Clinton has tapped former regulatory firebrand Gary Gensler as her campaign’s chief financial officer (CFO), a move that could signal there’s bite to the populist bark her campaign has engaged in recently. As the former chairman of the CFTC from 2008 to 2013, Gensler led the charge among regulators in implementing the reforms outlined… Read More >>
CFO for BGC Partners to Retire
Interdealer broker BGC Partners has announced that its chief financial officer (CFO) Graham Sadler will be retiring. Sadler will stay on at BGC until a replacement has been found, officials say. “Graham has been with us for more than six years and represents a key part of our senior management team. His financial acumen, industry… Read More >>
AxiomSL Names CFO/COO for Asia-Pacific Region
Regulatory reporting and risk management solution vendor AxiomSL has named Raymond Tse to be its chief financial officer and chief operating officer for the Asia-Pacific region, according to a company statement. As CFO and COO, Tse “will drive AxiomSL’s corporate vision, financial resources and all operations with the goal of expanding and growing in line… Read More >>
Avaloq Creates New Post, Appoints New CFO
The Avaloq group, a provider of business process outsourcing (BPO) services, has appointed Dr. Enrico Ardielli as group chief acquisition officer (CAO), according to a company statement. Ardielli’s previous role as group chief financial officer (CFO) will be taken over by Markus Bertini, who joined Avaloq in May 2014. The creation of the new position… Read More >>
