DTCC’s Bodson to Serve as Omgeo’s Chairman Post-trade solutions provider Omgeo has a new chairman in Michael Bodson, president and CEO of the DTCC, which earlier this month completed its acquisition of Omgeo. Bodson, who joins Omgeo’s board of managers, will take on the role from Andrew Gray, managing director of Core Business Management at… Read More >>
Would You Pay $812,460 to Fax Confirmations?
Manual processing stings especially in the investment fund services industry. Order placement, confirmation, fund transfer and reconciliation processes remain dominated by little or no automation, says market research firm Aite Group. In one case, a fund management firm spends $812,460 (€600,000) annually on faxes for its Taiwanese investors—representing 30% of the total transfer agency bill… Read More >>