The new president of NRI Holdings America Yasuki Okai talks about the company’s North American push.
Narrative Science Unveils Solution for Wealth Managers
Automated financial reporting software maker Narrative Science has released a new wealth management solution, called Quill Portfolio Review, officials say. The new solution aims to “bridge the gap between the millions of people who need customized financial reporting and the overwhelming amount of data analysis, interpretation and communication skills required to deliver it,” according to… Read More >>
The Ongoing Woes of FCMs
Derivatives expert John P. Needham, president of Needham Consulting, alerted us more than a year ago at Financial Technology Forum’s DerivOps Chicago conference in April 2014 to the fact that 10 futures commission merchants (FCMs) are handling 75 percent of U.S. customer segregated funds…
ETFs Picking Up Steam: Report
With liquidity drying up in the cash market, fixed income exchange-traded funds (ETF) have emerged “as an alternative product that allows investors to navigate an increasingly difficult market environment,” according to a new report by market research firm TABB Group. As evidence, TABB cites the fact that assets under management in corporate bond ETFs have… Read More >>
Citi’s McKenna to Serve as Head of Standards for GLEIF
The Global Legal Entity Identifier Foundation (GLEIF) has appointed Karla McKenna as its new head of standards, effective immediately, officials say. McKenna, a well-known specialist in financial standards, will be responsible for “facilitating the development and implementation of GLEIF standards and leveraging international standards from organizations such as the International Organization for Standardization (ISO) to… Read More >>
Calypso Hires for Professional Services
Treasury and capital markets solution vendor Calypso has appointed Medhi Miri as its new senior vice president of professional services, officials say. In his new role, Miri will oversee “the strategic direction of product implementation for Calypso’s clients, as well as process improvement and new service offerings,” according to a company statement. “Banks, regardless of… Read More >>
Wolters Kluwer Makes Two Senior Hires
Wolters Kluwer Legal & Regulatory Solutions has appointed Antonin Faury as vice president of business development and M&A, officials say. In his new position, Faury will support WK’s “strategy in serving legal and compliance professionals and lead the division’s portfolio management activities globally,” the statement says. Faury joins Wolters Kluwer from Henry Schein, where he… Read More >>
Deutsche Bank to Replace Co-CEOs
The Deutsche Bank supervisory board has appointed John Cryan, 54, a board member who formerly was president for Europe at Temasek, the Singaporean investment company (2012 to 2014), and chief financial officer of UBS (2008 to 2011), to the position of co-chief executive officer, effective July 1. The appointment, made at what the bank called… Read More >>
Q&A: ‘The Bank’s Reliance on Manual Systems Has Reduced’
Recently, it was announced that Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland), the Japanese bank’s Netherlands subsidiary, had deployed the OneSumX solution from financial technology provider Wolters Kluwer Financial Services (WKFS). BTMU Holland is using OneSumX to manage liquidity and credit risk, and this latest deployment is an expansion of a relationship that BTMU… Read More >>
Marco Polo New World Launches FX Matching Service
Manhattan-based Marco Polo New World, which specializes in emerging and frontier markets, reports that it has spent the past year upgrading its infrastructure to create a “foundation on which to extend the breadth of its service offerings.” The first result of the infrastructure upgrade is MPFX, a “matching engine and user interface [that] allows clients… Read More >>
