The Enterprise Data Management (EDM) Council has elected Peter Serenita, HSBC’s chief data officer (CDO), as chairman of the EDM Council’s board of directors, officials say. Serenita’s election “comes at a particularly critical time for the practice of data management in the financial services industry,” the EDM Council says in a statement, as “banks and… Read More >>
Liquid Gives CFO an ‘Inducement Grant’
Liquid Holdings Group, Inc., a provider of cloud-based investment management solutions, reports an “inducement grant” to Peter R. Kent, its new chief financial officer. “As an inducement for Mr. Kent to accept employment with Liquid, effective November 13, 2014, Mr. Kent was awarded a grant of nonqualified options to purchase 1,000,000 shares of the company’s… Read More >>
Deutsche Taps Salesforce for New Chief Data Officer
Deutsche Bank is hiring from Salesforce, a provider of customer relationship management software for its first chief data officer, bank officials say. The new chief data officer, J.P. Rangaswami, once worked for Dresdner Kleinwort Wasserstein (DrKW). Rangaswami will join in January 2015 from Salesforce, where he has been chief scientist since 2010. As chief data… Read More >>
Regulatory Onslaught Brings New Respect for Compliance
Over the past few years chief compliance officers (CCOs) have gone from wet blankets to hot tickets. In the process they’ve seen their job description undergo a shift just as fundamental as the rapidly changing regulations whose impact on financial services firms have thrust CCOs into the spotlight. The job market for CCOs and other… Read More >>
Broadridge Widens Buy-Side Data Access
Clients of Broadridge Financial Solutions, a provider of technology-driven solutions for financial firms and corporate issuers, now have the ability to view buy-side data everywhere — whether on a desktop, a tablet or a smartphone — the company reports. The new tool, a customizable web- and mobile-based dashboard called Report Manager, offers a consolidated reporting… Read More >>
T+2 Switch May Need Regulatory Help
Post-trade services utility DTCC has stepped up its efforts to move the industry to a shorter, T+2 settlement cycle for U.S. equities, corporate and municipal bonds and unit investment trust (UIT) trades. Neil Henderson, the DTCC’s managing director of clearing, is helping lead the charge and took a few minutes to answer FTF News’ questions…. Read More >>
CFTC to Revamp SDR Push as Aite Predicts CCP Woes
CFTC Calls for Comments for New SDR Rules The CFTC is taking its first major step in an overhaul of its swap data recordkeeping and reporting requirements with a call for public comment. The swaps data gathering is mandated by provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This step follows the… Read More >>
Q&A: GoldenSource’s New CEO John Eley
Mike Meriton, CEO of enterprise data management vendor GoldenSource, has left his post to become vice chairman, officials say. In Meriton’s place, GoldenSource has appointed John H. Eley, who served as president and CEO of Pivot and Hotspot FX. Eley has also created multiple financial technology businesses, officials say. Meriton, who co-founded the EDM Council… Read More >>
The New Rules of Operational Data Management
Banks and securities firms are under regulatory and competitive pressures to get a better grip on the operational data management of key middle- and back-office functions that have been poorly served for decades. The push for ops data efficiencies has resulted in some new ground rules for how firms will take on their complex internal… Read More >>
Form PF Forces the Data Management Issue
Following the passage of Dodd-Frank in 2010, investment advisers face a multitude of new challenges connected with SEC registration and reporting requirements. For many advisers, the extensive demands for a variety of new information add to the headaches involved in compliance.While the new reporting requirements impose costly and complex burdens on hedge fund and private… Read More >>
