Performance measurement vendor BISAM’s just announced acquisition of risk analytics specialist FinAnalytica is a response to growing demands among buy-side firms for a unified performance and risk approach, and industry observers are in agreement that the two disciplines are on a parallel and perhaps intersecting path. BISAM officials are not disclosing the financial arrangements for… Read More >>
Give Investors Performance and Transparency or They Will Walk
Investors want to close the gap between their expectations and what they receive in fees and performance from their investment managers or they will walk. This is according to a new study about investors and their increasing demands upon investment management firms. Along with optimal performance, they want firms to provide “regular, clear communications about… Read More >>
BNP Paribas Securities Services to Use SimCorp’s Platform
BNP Paribas Securities to Use SimCorp’s Dimension Platform BNP Paribas Securities Services reports that it has implemented the SimCorp Dimension system to streamline accounting processes for its clients. The firm has implemented the SimCorp Dimension platform to manage its integrated accounting offering “as well as other services in its comprehensive product suite,” according to SimCorp… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
Bank of America Vet Joins Holley Holland
Bank of America (BofA) veteran Marty Rose has joined Holley Holland, the self-described “business transformation experts” to build the change management consultancy’s U.S. business, including opportunities in Charlotte, North Carolina, and throughout the region, officials say. Rose, who will be based in Charlotte, has left her post as chief operating office (COO) of the EST… Read More >>
Dutch Pension Fund to Use SimCorp Data Warehouse
Already a SimCorp customer, Dutch pension fund provider Vermogensbeheer B.V. (PGGM) has chosen to use SimCorp’s Data Warehouse solution with the intention of improving its performance, analytic and benchmark operations, SimCorp officials say. PGGM manages roughly €200 billion ($310.9 billion) in pension assets and has been using SimCorp Dimension since 2006, officials say. The decision… Read More >>
Convergex Fills CFO Post
Convergex, an agency-focused brokerage and trading-related services provider, reports that Frederick Arnold has joined the firm as chief financial officer (CFO). Arnold will oversee all global financial operations and serve on the executive committee, responsible for providing organizational guidance and governance, Convergex officials say. Currently a director of Lehman Brothers Holdings Inc. and Corporate Capital… Read More >>
361 Capital Hires Marketing Exec
Mutual fund provider 361 Capital, which specializes in liquid alternatives, has hired Daniel C. Cascarano as its new vice president of national accounts and institutional sales, officials say. In his new role, Cascarano will “lead 361 Capital’s efforts in cultivating key account relationships across institutional and intermediary channels,” according to a company statement. “With volatility… Read More >>
Hedgie CFOs Worry Over EU’s Push to Split Research, Commissions
As European authorities consider a “hard unbundling” of research payments from commissions, a majority of chief financial officers (CFOs) at hedge funds recently polled by execution broker and research provider ITG say they would prefer to segregate the accounts of their European clients and use commission sharing agreements (CSAs) for their non-European clients. ITG surveyed… Read More >>
Caceis Fills U.K. Business Development Director Post
Caceis, an asset servicing banking group for institutional and corporate clients, has named Owain McNeill business development director for United Kingdom clients, officials say. McNeill reports to Annie Blouin, head of regional coverage for North America, U.K. and Ireland, according to a Caceis statement. McNeill, who will manage the teams in charge of U.K. sales activity, is “responsible… Read More >>
