Two executives will be leaving Information Mosaic as Markit completes its acquisition of the corporate actions and post-trade securities processing vendor. “It’s our intention to transition all employees with the exception of Ulrich Kunz, chairman and chief executive officer and Anina Janacek, chief financial officer. Both will be stepping down to resume their consulting roles,”… Read More >>
Former RBC CCO Joins Oyster Consulting
Financial consulting vendor Oyster Consulting has hired Richard T. Chase as the new managing director of its New York office, officials say. Oyster expects Chase’s hire to “continue Oyster’s expansion as a regulatory and compliance leader, enhancing its ability to help broker-dealers, exchanges and investment advisors respond to increasing SEC and FINRA expectations regarding trading… Read More >>
ICAP Names CEO for Post-Trade Services
Interdealer-broker and post-trade IT vendor ICAP has appointed Jenny Knott as its new CEO of post-trade risk and information services, officials say. Knott joins from the African financial services group at Standard Bank Group, where she was CEO of Standard Bank Plc and CIB International, and most recently served as strategic advisor to the group… Read More >>
GoldPoint Partners Hires from Blackstone
GoldPoint Partners, a New York-based private equity manager that was formerly known as New York Life Capital Partners, and that is an affiliate of New York Life Investments, reports that CPA Sean Gelb has joined the firm as chief financial officer. Gelb will “oversee the day-to-day accounting for the firm and its funds,” GoldPoint says… Read More >>
Linedata Fills EVP Post for Sales
Linedata has appointed John Kiley executive vice president (EVP) of sales and co-head of the global front and middle office asset management business line, officials say. Kiley will be responsible for global business development and client adoption strategies across the front and middle office product suite, including Linedata Longview, Linedata Trader+, Linedata Compliance and Linedata… Read More >>
ICG in Guatemela to Use Intix Message Warehouse
Officials at Intix, a Belgium-based provider of financial industry solutions, report an agreement with Imágenes Computarizadas de Guatemala (ICG) to furnish its message warehouse solution to ICG and its four major banks. ICG is a private non-profit, headquartered in Guatemala, that “provides software applications and technology services for the checks clearinghouse, ACH [automated clearing house] and SWIFT… Read More >>
Ex-CFTC Chairman Joins BitFury Advisory Board
BitFury Group, a Bitcoin blockchain infrastructure provider and transaction processing company, has added James Newsome, the former chairman of the CFTC and former CEO of the New York Mercantile Exchange (NYMEX) and Hernando de Soto, the president of the Institute for Liberty and Democracy (ILD), to its advisory board, officials say. The company has also… Read More >>
Outsourcing Exposes Flaws, Disrupts Staff: Industry Panel
As regulatory burdens continue to bear down on firms, the many flaws of manual, legacy or otherwise outdated systems and processes are becoming increasingly apparent, leading more and more firms to view outsourcing as an attractive option. Yet outsourcing will lead to disruptions among staff — perhaps even layoffs — and will change the role… Read More >>
Firms Topple the Securities Lending Silo
The deep recession of 2007-08 and the wave of regulatory reforms that followed have spurred a transitional period for the niche realm of securities lending operations as firms struggle to balance the competing demands of operational efficiency and organizational oversight, according to a new report from market research firm Finadium. The report, “A New Look… Read More >>
SHSC Poised to Take Off: Celent
The long-term success of the Shanghai-Hong Kong Stock Connect (SHSC), depends on knocking down the remaining barriers to entry, including “features of the program that restrict trading strategies, introduce risk and create operational complexity,” according to a white paper published by market research firm Celent and commissioned by the DTCC. SHSC is the link between the… Read More >>
