CloudMargin Appoints Stuart Connolly as Next CEO A former Group CEO of TriOptima Stuart Connolly has been named as the new CEO of CloudMargin, a London-based vendor of cloud-based collateral and margin management solutions, replacing Steve Husk, who left CloudMargin. The CloudMargin board of directors approved Connolly’s appointment and he has taken on the role,… Read More >>
RJO Affiliate Launches OTC Agricultural Structured Products Group
New RJO Group Will Use Proprietary Software Officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) have announced that an affiliate R.J. O’Brien Financial has launched an over-the-counter (OTC) Agricultural Structured Products Group that will target commercial agricultural companies across the globe – a first for RJO. The bilateral OTC initiative will… Read More >>
RJO Pays $750K to Settle Client Supervision Case
Futures broker and clearing firm R.J. O’Brien & Associates (RJO) will pay a total of $750,000 — via a $600,000 penalty to the CFTC and a $150,000 fine to the National Futures Association (NFA) — to settle charges that the firm failed to supervise staff members overseeing customer accounts and violated the terms of a… Read More >>
FINRA EVP of Regulatory Ops to Depart
FINRA’s Axelrod to Help with Transition The Financial Industry Regulatory Authority reports that Susan F. Axelrod will leave the organization early in the new year for the private sector, after 28 years at FINRA and NYSE Regulation, its predecessor. She has been executive vice president for regulatory operations since 2013, responsible for heading the member… Read More >>
SS&C Adds Key Tools to Geneva & Black Diamond Systems
SS&C Targets Key Client Bases with Expanded Offerings Investment systems, software and services vendor SS&C Technologies has launched an exception management and workflow solution for the Geneva platform that includes exception query tools, workflow configuration, an exception dashboard, a manager dashboard, and task management tools, officials say. The new offering got its official unveiling at… Read More >>
Schroders Appoints U.K. Business Head
Schroders Moves Business Head for Japan Into New Role Schroders, an asset management company that traces its history back 200 years, reports the appointment of Guy Henriques as country head for the U.K. business, reporting to John Troiano, global head of ddistribution. Henriques, who joined Schroders in 2006, is returning from Japan, where he has… Read More >>
R.J. O’Brien Becomes LME Member
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has announced that its London-based affiliate R.J. O’Brien Ltd. has been approved as a clearing member of the London Metal Exchange (LME), officials say. “Joining the London Metal Exchange as a Category 2 member is the latest in a series of long-term growth initiatives for… Read More >>
Beeston Leaves ICAP as Misys Fills MEA Post
Mark Beeston Leaves ICAP to Launch Start-Up Mark Beeston has confirmed that he has left his position as CEO of the Post Trade Risk and Information division of interdealer broker ICAP last month and has founded Illuminate Financial Management. Beeston will serve as CEO of the new company, which has just launched. Illuminate Financial Management… Read More >>
Former MF Global SVP Joins RJO as Gresham Launches NYC Office
Ex-MF Global SVP to be R.J. O’Brien’s MD for New York Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has appointed Kevin J. Hall, a former senior vice president at MF Global, as managing director, sales and head of the firm’s New York office, officials say. Hall, who has more than three… Read More >>
Changes at Fidelity Financial Services, DTCC and R.J. O’Brien
Abigail Johnson Becomes President of Fidelity Financial Services Fidelity Investments has announced that Abigail P. Johnson has advanced to the post of president of Fidelity Financial Services, which will put Fidelity’s core financial businesses under a single operational leader. Johnson will oversee asset management, retail and institutional brokerage, retirement and benefits services and corporate operations… Read More >>
