Financial technology vendors are readying products to help global financial services firms prepare for the many facets of the Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) legislation, which takes effect January 3, 2018. The offerings range from support for digitized pre- and post-trade processes to stress-tests for trading algorithms and execution processes. The new… Read More >>
Schroders Hires from UBS Wealth Management
Schroders Creates Head of Global Sales Position Global asset manager Schroders has appointed Daniel Imhof head of global sales, a newly created position. This new post “reflects the increasing complexity of clients’ needs and their requirement for specialist knowledge,” Schroders says in a statement. Imhof, who will be based in London, will report to John… Read More >>
MiFID II Shakes Sell-Side Research to its Core
There may still be several months before the Markets in Financial Instruments Directive (MiFID) II reforms come into effect next year, but the requirement to unbundle research from execution has been causing reverberations for some time. The bulge bracket firms have started to whittle down their investment research ranks while asset managers are strengthening their… Read More >>
Citi Cuts Staff as Jill Considine Joins LCH.Clearnet
Citi Cuts Staff as Profits Rise Multiple news organizations are reporting that Citigroup is cutting 200 to 300 positions from equity and fixed income trading groups even as the bank reported favorable net income results for the first quarter of this year. For Q1 2014, the bank’s net income was up four percent to $3.9… Read More >>
