Fidelity Investments is hiring and hoping that innovations in personnel training and development will help the Boston brokerage hang on to new talent. The firm reports that it is on track to create more than 12,000 jobs with a majority of them customer-facing positions — 69 percent — as the firm embraces new digital platforms… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Fidelity Offers Buyout Plan for 3,000 Senior Employees
Online brokerage giant Fidelity Investments has launched a voluntary employee buyout program that is targeting 3,000 staff members who are 55 years or older and have logged a decade or more of service. The move will allow the firm to create opportunities for mobility for younger, less senior staff members and facilitate the next chapter… Read More >>
Pyramis Global Advisors Picks a President
Pyramis Global Advisors, a Fidelity Investments company focused on institutional investors, has appointed Jeff Lagarce president, effective January 1, 2015. Lagarce, 59, will oversee Pyramis’ investment management and distribution divisions, and will report to Charlie Morrison, president of Fidelity’s asset management organization He succeeds Mike Jones. Lagarce has more than 30 years of experience in… Read More >>
PIMCO’s New Group CIO Faces Redemption Woes
Bond investment giant PIMCO has elected industry veteran Daniel Ivascyn to serve as group chief investment officer following the sudden departure of co-founder William H. Gross last week, which hastened investor redemptions, PIMCO officials say. Influential fixed income adviser Gross left to work for mutual fund giant Janus Capital Group. Over the past month, investors… Read More >>
Institute for Financial Advisors Launches
The Institute for Innovation Development, which describes itself as the “only innovation-focused business development organization for financial advisors,” has launched. It was built, according to its statement, to “support two key elite groups – growth-oriented financial advisors and financial industry executives – who share three common goals: ongoing dynamic growth, competitive differentiation, and unique community… Read More >>
Omgeo Replaces its CCO as Markit Acquires DTCC Unit and Staff
Omgeo Replaces Chief Compliance Officer Post-trade services provider Omgeo has hired industry veteran Jeannie Shanahan to be its new managing director of governance, risk management and compliance replacing Kara L. Hill, who left her post as chief compliance officer to be vice president and deputy general auditor for the DTCC, confirm Omgeo officials. Hill joined… Read More >>
