New Lead Director and New Board Committee Chairs at Morgan Stanley Morgan Stanley reports that Reuters veteran Thomas Glocer has been appointed independent lead director of the board of directors, taking over from Erskine Bowles, effective September 1, 2017. Glocer was appointed by the board’s independent directors. Glocer’s appointment “reflects the Board’s governance policy of… Read More >>
Northern Trust to Hire 400 for Ops in Ireland
Northern Trust to Expand Staff over Five Years Northern Trust, a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals, reports that it will expand its operations in Limerick, Ireland, by adding up to 400 new jobs over the next five years. This the fourth time Northern… Read More >>
LiquidityBook Lands Three Hedge Funds for POEMS
New LiquidityBook Clients Went Live in December LiquidityBook, a software-as-a-service (SaaS) fintech vendor, reports that three San Francisco-based hedge funds — Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital — have signed on as new clients for the SaaS-based LBX Buyside POEMS (portfolio, order and execution management system). By late last year,… Read More >>
Barclays Bids Farewell to its IB CEO and Welcomes New COO
Barclays Also Welcomes a New Chief Operating Officer Tom King, the CEO of the Investment Bank at Barclays, will retire on March 4, 2016, after overseeing “a period of extraordinary change,” Barclays officials announced late last week. “After nearly 25 years in my career, and having now seen the Investment Bank through a period of… Read More >>
Swaps Exchange Hits Milestone as Sapient’s Cloud Links to Clients
Swaps Exchange Processes $100B of Bunched-Order Allocations trueEX Group, the New York-based electronic exchange for interest rate swaps, reports that it has successfully processed more than $100 billion in bunched-order allocations via its newly activated Post-Trade Services (PTS) platform. trueEX’s PTS platform allows buy-side clients and their futures commission merchants (FCMs) to directly allocate executed… Read More >>
