Wolters Kluwer Financial Services reports that industry veteran Richard Reeves has joined as vice president of strategy for its governance, finance, risk and compliance (GFRC) solution suite, OneSumX. Reeves will “work directly with Wolters Kluwer Financial Services’ product management, sales, marketing and business development teams to help customers across the globe utilize OneSumX to address… Read More >>
SEC Promotes Pamela Dyson to CIO
The SEC has promoted Pamela C. Dyson from Acting Chief Information Office (CIO) to CIO in charge of overseeing all of the regulator’s IT technology functions “Pam has been instrumental in our ongoing efforts to enhance the commission’s information technology capabilities,” says SEC Chair Mary Jo White in a statement. Dyson has held key positions… Read More >>
CME Group Unveils List of Board Candidates
Derivatives and clearing services marketplace CME Group has announced its candidates for its board of directors, officials say. Elections will be held at the company’s annual meeting on Wednesday, May 20, 2015. CME Group’s board of directors has recommended that Class A and Class B shareholders, voting together, should elect the following 19 individuals to… Read More >>
Deloitte First Big Auditor to Have Female CEO
Cathy Engelbert has been elected to the CEO post at Deloitte, “becoming the first female CEO of a major audit and consulting firm in the US,” according to the company, while Mike Fucci will become chairman of the Deloitte board. Both he and Engelbert will assume their new positions on March 11, 2015. Engelbert, 50,… Read More >>
SEC Fills Chief Counsel Post for Trading and Markets
The SEC has named Heather Seidel as the new chief counsel for the regulator’s division of trading and markets, an internal move for Seidel, who left her position as associate director in the division’s office of market supervision to begin her new role immediately, officials say. The chief counsel for the division provides legal and… Read More >>
SNS Bank Deploys SunGard Platform
SNS Bank, the fourth largest Dutch bank, will integrate SunGard’s market and credit risk functionality into its existing SunGard treasury platform, with the aim of creating a centralized operational framework for credit and market risk management, officials say. “An integral part of its strategy to modernize risk capabilities in these areas, this will help SNS… Read More >>
SmartStream Acquires Collateral Solution from IBM
SmartStream Technologies, which characterizes itself as a financial transaction lifecycle management solutions provider, reports that it has acquired “assets related to software, sales and support of IBM’s Algorithmics collateral solution,” officials say. SmartStream officials add that its move is “a strategic deal to enhance SmartStream’s existing suite of solutions” for the end-to-end post trade lifecycle…. Read More >>
Liquid Releases Mobile Portfolio Analysis App
Cloud-based solutions vendor Liquid Holdings has introduced LiquidMobile, a web-based app that allows hedge funds to manage their portfolio and conduct risk analysis and reporting across multiple funds on a mobile device in real time, officials say. LiquidMobile runs on both desktop and mobile devices, and allows fund managers to interact with historical, real-time, and… Read More >>
Back-Office Records Up in Flames?
A seven-alarm fire still smoldering in a waterfront storage warehouse in Brooklyn may have more bad news for its customers, particularly those financial services firms that used the services of CitiStorage to keep records safe from harm. The company and public safety officials have yet to determine the cause of a paper-based fire that started… Read More >>
Calypso Readies Initial Margin Calculation Offering
San Francisco-based Calypso Technology, a specialist in capital markets software, reports that it will be releasing a “new solution for calculating the initial margin required on non-cleared derivatives trades,” officials say. The solution will meet the requirements of the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) for margin… Read More >>
