State Street to Exit Midtown Manhattan The Boston-based State Street will be closing its midtown Manhattan offices and embracing a hybrid working model in response to staff members that have been working remotely in the wake of the COVID-19 pandemic, according to a prepared statement from the custodian banking giant. “Like most other companies, we… Read More >>
What Will Post-Pandemic Ops Look Like?
Like millions of Americans, I got my second vaccination shot over the weekend and I allowed myself to start thinking about a time when the COVID-19 pandemic and lockdown might be history. Of course, it’s difficult to entertain such thoughts when there are still hotspots in the U.S., and when several parts of the world… Read More >>
Keep Hope Alive for 2021
It’s next to impossible to predict what the major trends in securities operations will be in 2021. The industry is still focused on what the new world will be after the fatal COVID-19 pandemic is defeated by vaccines and new behaviors. We may be in a holding pattern for at least the first six months… Read More >>
IT INFRASTRUCTURE IS LIKE AN ENGINE: Q&A
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 >>
Costume Suggestions for Halloween 2020
To say the least, it’s been a little hard to find and maintain your sense of humor during 2020, a year generally regarded as a living Hell for many and a modern Purgatory for others. No one has escaped its unique horrors. But, for this Halloween, we might turn the tables on fate. We can… Read More >>
IT Disconnect With Business Threatens Recovery: Gartner
Chief information officers, or CIOs, who often drive digital business strategy and IT innovation for financial services firms, “must align with business leader priorities” to ensure a coordinated COVID-19 response and recovery, according to the summary of a recent report from Gartner, Inc. Automation and technologies to sustain and improve remote work are two investment… Read More >>
Firms Spending More to Counter Cyber-Attacks: Survey
The COVID-19 infection risk has impacted all parts of society, from young children in kindergarten to elders in nursing homes. The pandemic’s very real risk means that many employees have to work remotely, too, often from home and often on their personal laptops or desktop computers, which sometimes are imperfectly protected from online threats. And… Read More >>
Standard Chartered Evaluating Zoom & Google Hangouts
Standard Chartered is acting to review and approve secure web-based videoconferencing and related systems for its staff working remotely because of the pandemic, and the bank is still evaluating the services of Zoom Video Communications, a source familiar with the situation tells FTF News. Standard Chartered’s Zoom concerns came to light on April 14 via… Read More >>
