Chicago brokerage R.J. O’Brien and Associates’ (RJO) European affiliate R.J. O’Brien Europe Ltd. (RJO Europe) will acquire interdealer broker GFI Group’s subsidiary The Kyte Group Ltd., officials say. Terms of the transaction were not disclosed, and the UK Financial Conduct Authority has approved the transaction, which is expected to close no later than March 17,… Read More >>
Temenos Jolts Fund Administration Market
Temenos Group, maker of the T24 core banking solution, is moving to aggressively take advantage of the “fast-growing fund administration market” via the $248.7 million (€235 million) acquisition of fund administration software vendor Multifonds, which has been in the market since 1995 and has more than 30 of “the world’s largest financial institutions” on its… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
Special Report: The Top Ops Predictions for 2015
For this report, FTF News reached out to industry participants, analysts and vendors to get a sense for the operations issues that will be top of mind for financial services firms during 2015. We uncovered a variety of concerns including fears over the future of the Legal Entity Identifier standard, concern over shorter settlement cycles… Read More >>
Cronos Consultants Group Partners with Misys
Misys, a financial software and systems vendor, has signed an agreement with Cronos Consultants Group to become a member of the Misys InFusion partner program. The program is in effect in the UK and Ireland, officials say. The companies are long-time collaborators, according to a Misys statement, with Cronos “providing consulting, system integration, infrastructure and… Read More >>
Brandywine Deploys SunGard’s Apex Collateral System
Investment manager Brandywine Global has selected the Apex Collateral solution from SunGard Financial Systems to “help support its growing collateral management business,” according to a company statement. Some of Brandywine’s most pressing requirements when choosing the solutions were “the ability to comply with increased regulatory demands and improve the client experience by reducing counterparty risk,”… Read More >>
Bolero International Opens Singapore Office
Bolero International Ltd., an electronic trade finance solutions provider, reports that it has opened a new office in Singapore’s Raffles Place financial district. The new office will bring Bolero “closer to corporate, logistics and financial customers based in and operating out of the region,” according to a company statement. In addition, the company is “committed… Read More >>
Oulhadj Upped to COO of RJO
Chicago-based R.J. O’Brien & Associates (RJO), which describes itself as the oldest and largest independent futures brokerage and clearing firm in the U.S., reports that Jamal Oulhadj, its senior managing director and chief risk officer (CRO), has been promoted to chief operating officer (COO) of RJO Holdings Corp., the firm’s holding company. Oulhadj, 50, has… Read More >>
Morningstar Fills Chief Innovation Officer Post
Morningstar, a provider of investment research, has named Matt Fellowes chief innovation officer, officials say. Fellowes, 40, also will continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year, officials say. Before founding HelloWallet in 2009, Fellowes was a fellow at the Brookings Institution, a nonprofit research and policy organization…. Read More >>
SEC’s Salt Lake Regional Director to Retire
SEC officials have announced that Karen L. Martinez, regional director of the Salt Lake City, Utah office, will be leaving the agency and retiring this summer. Martinez joined the SEC’s Salt Lake office in 2002 as trial counsel and began supervising the office’s enforcement program in 2010 when she became assistant director, officials say. In… Read More >>
