Pension fund giant the California Public Employees’ Retirement System (CalPERS) has promoted Eric Baggesen to the post of senior investment officer (SIO) for asset allocation and risk management just as Janine M. Guillot, the former chief operating investment officer (COIO), is completing the final projects of her tenure, say CalPERS officials. Baggesen has been serving… Read More >>
Case Study: Lincoln Financial Group Fills a Big Wealth Management Gap
Two years ago, Lincoln Financial Group could not find an off-the-shelf, client-facing, mobile wealth management analysis application that would help its retirement income services business. Undaunted, Lincoln Financial decided to build an app—with a little help from Fiserv.More and more, firms are turning to vendors to collaborate on new or enhanced applications. In March, FTF… Read More >>
FTF News Prediction #1 for 2013: A Major Recs Revival Gets Underway
(Editor’s Note: This story is running in our first-ever FTF News Winter/Spring digital issue that features our top five predictions on industry trends that are likely to be the focus for many securities operations and technology professionals throughout 2013. We will be running our prediction stories from the digital issue throughout the Spring. The digital… Read More >>
Wall Street Layoffs and Bonuses Are Back as Colin Powell to Speak at Fiserv Forum
DiNapoli Report: Upward Spiral for Bonuses and Layoffs Bonuses for 2012 will rise by 9 percent during this year’s bonus season as profits for broker/dealer operations of NYSE Euronext exchange members tripled compared to profits earned in 2011, according to report from the office of the New York State Comptroller Thomas P. DiNapoli.At the same… Read More >>
Sibos Osaka Update
In an attempt to bring more automation to post trade operations, global financial messaging provider SWIFT has tapped reconciliation solutions vendor SmartStream Technologies to develop a cloud-based version of the SWIFT confirmation matching platform, dubbed Accord, say officials at the Sibos 2012 conference underway in Osaka, Japan. The SWIFT event is at the INTEX center… Read More >>
RIAs and Outsourcing
Over the past year, back office services provider BridgePortfolio has seen an uptick in demand for its outsourced offerings—which weave in Fiserv’s software—among registered investment advisors (RIAs). But BridgePortfolio is also seeing more RIAs willing to outsource front, middle and back office operations, says Mike Ruane, national sales manager for the Chicago-based vendor.“I manage the… Read More >>
Keeping Up with Cheryl Nash
Cheryl Nash has hit the ground running since she became president of Fiserv’s Investment Services division this past November. For 2012, she will be the driving force behind major product rollouts from her division. She and her team will be taking on competitors and tight budgets but the most challenging variable is market volatility. “I… Read More >>
Fiserv Goes Mobile
Mobile computing has topped Fiserv’s agenda and in 2012 will impact its offerings while cloud computing and data aggregation are on the horizon for the vendor, says Cheryl Nash, president of the Fiserv Investment Services division. In fact, mobile technologies are a high priority for customers, Nash says. To meet that demand, Fiserv acquired Mobile… Read More >>
