European wealth and asset manager Banque Pictet & Cie SA has gone live with capital markets software vendor Calypso Technology’s collateral management solution, officials say. Banque Pictet will use Calypso’s platform to “consolidate all collateral activities across its many businesses on a single platform,” according to the vendor. The platform is a “standalone, centralized collateral… Read More >>
Asia-Pacific Lost in the T+2 Shuffle?
The operations industry has been focused on shorter settlement cycles in the U.S. for the past two to three years while Europe has made the transition from trading data plus three business days (T+3) to two business days (T+2). At the same time, Asia-Pacific has also been grappling with the push for shorter settlement. Still,… Read More >>
Q&A with UBS: ‘Things are moving beyond Excel’
Mike Dickey, director, product deployment, UBS Fund Services, spoke to FTF News about UBS Fund Services’ recent news that it has deployed SunGard’s Investran Insight. The installation will yield a portal that integrates the client web portal, dubbed the UBS Fund Services Online. In addition, UBS clients and their limited partners will have access to… Read More >>
Compliance Science Names David Eisner to Board
Compliance Science, a provider of governance, risk management and compliance solutions, has appointed David Eisner to its board of directors, officials say. Eisner is a financial services industry veteran, who, at separate times in his career, founded and was CEO of TheMarkets.com and of iExchange.com, according to a vendor statement. “Previously, he held the positon… Read More >>
SIX Financial Hires Industry Vet Phil Lynch
Industry veteran Phil Lynch is the new global head of markets, products and strategy, at SIX Financial Information, confirm officials at the market data and services provider, based in Zurich, Switzerland. “Mr. Lynch is part of SIX. He actually started working for SIX Financial Information yesterday, April 1,” says a company spokesperson in an email… Read More >>
Newcomer Eventus Debuts Ops Platform
New financial technology vendor Eventus Systems is debuting the Validus platform, which features “multi-stream data reconciliation,” officials say. The vendor says the platform is “a new way to capture and organize data flows and then process, reconcile, transform and pipeline that data in order to accurately report on risk,” officials say. “The platform is built… Read More >>
ISDA Pushes for Centralized Trading Rules
The International Swaps and Derivatives Association (ISDA) has published a “set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives,” according to a company statement, the latest step in the industry group’s efforts to get regulators and firms on the same page when it comes to… Read More >>
Glass-Steagall Redux?
First, I know that the name of Elizabeth Warren, the U.S. Senator from Massachusetts, makes Wall Street’s collective blood boil. In fact, blood pressure levels must be rising this week as Warren makes the rounds again in part to promote the paperback version of her book “A Fighting Chance.” In interviews on TV and radio,… Read More >>
ISDA Fills Out Determinations Committees
The International Swaps and Derivatives Association (ISDA) has announced the members of its five regional Determinations Committees (DCs), which comprise the global decision-making structure around events in the credit default swap (CDS) industry, according to ISDA. “The DC process was set up as part of a series of measures to make the credit derivatives market… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
