Russell J. Newman, CIPM, director-head of operations and IT at Rothschild & Co Asset Management US, focuses on key aspects of a digital transformation. (Securities firms are forging ahead with their digital transformations despite the pandemic-induced lockdowns, and they are finding that an IT infrastructure is much like an engine, says Russell J. Newman, CIPM,… Read More >>
Firms to Cut 400,000 Jobs by 2030: Report
As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
AllianceBernstein’s Digital Transformation via the Desktop
A major asset management firm, AllianceBernstein, is finding that the Holy Grail of digital transformation can be kicked off from the desktop. The firm will be applying the operating system and related technologies from vendor OpenFin as a way to facilitate a revamp of the way desktop and web apps interact, officials say. The collaboration… Read More >>
CFTC’s Division of Enforcement Issues First Manual
Manual Brings New Transparency to DOE In a first for the CFTC, the regulator’s Division of Enforcement (DOE) is publishing and distributing an Enforcement Manual that provides an overview of the CFTC and DOE. The manual is also intended to establish general policies and procedures to guide the work of DOE staff in “detecting, investigating,… Read More >>
Another Bold Move by Commerzbank?
While the USA was gearing up for the Independence Day holidays in early July, Commerzbank in Germany announced the sale of its equity markets and commodities (EMC) business to Société Générale (SocGen) for an undisclosed sum. On the face of it, the deal helps Commerzbank streamline operations as part of its much-publicized Commerzbank 4.0 strategy,… Read More >>
