RJO to Be the First Customer on New Platform Futures and clearing broker R.J. O’Brien & Associates (RJO) will be consolidating two separate back-office systems onto one post-trade platform from systems and services provider Broadridge Financial Solutions that will support exchange-traded derivatives (ETD) operations globally. RJO will be the first customer for the platform to… Read More >>
FactSet Launches KYC App for Client Due Diligence
FactSet Combines KYC & RPA for New App FactSet, a provider of financial information and analytical applications, reports the release of FactSet KYC, a cloud-based software-as-a-service (SaaS) application intended to streamline Know Your Customer due diligence. The new app combines KYC robotic process automation (RPA) with FactSet content and public registries, improving the efficiency and… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
SEC Whistleblower Chief to Leave
More than $85M Awarded to 32 Whistleblowers SEC officials report that Sean McKessy, chief of the SEC’s office of the whistleblower, is planning to leave the agency later this month. McKessy became the first head of SEC’s whistleblower program in February 2011, the SEC notes in a statement, and he “helped establish the whistleblower office… Read More >>
Deutsche Bank Bids Farewell to Key Executives
Two Depart from Deutsche Bank’s Top Ranks Jacques Brand, CEO for the Americas since 2012, is leaving Deutsche Bank to “pursue another opportunity,” according to a bank statement. Separately, Georg F. Thoma, a member of the supervisory board and chairman of its integrity committee, has resigned, two years before the scheduled end of his… Read More >>
RJO Takes a Hosted Leap into Recs Automation
Chicago-based futures brokerage and clearing firm, R. J. O’Brien & Associates (RJO) has gone from manual reconciliation to a hosted system that has allowed staff members to leapfrog into automation, even shrinking one process from a tedious 48-hour effort to minutes, says Jamal Oulhadj, senior managing director and chief risk officer of RJO. Since last… Read More >>
RJO Hires from UBS for UK Post
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO), has appointed Paul Goodhew as senior vice president and head of global markets at its London-based R.J. O’Brien (UK) Ltd. affiliate, according to a company statement. Most recently, Goodhew worked as an executive director UBS. In his new role, Goodhew will focus on “expanding the… Read More >>
RJO Canada Joins Montreal Exchange
One-hundred-year-old R.J. O’Brien & Associates (RJO), which characterizes itself as the oldest and largest independent futures brokerage and clearing firm in the United States, reports that its Canadian affiliate, R.J. O’Brien & Associates Canada Inc. (RJO Canada), established in 2010, has become a clearing member of the Montreal Exchange. RJO Canada is also a clearing… Read More >>
Misys Picks a President as BofA ML Promotes for a GTS Sales Head
Misys Hires from Oracle for New President Misys has appointed a former senior vice president and general manager of Oracle Financial Services, Frank Brienzi, to be president and chief sales officer — a new position for the vendor of banking, treasury, trading and risk management solutions. His priority will be to build upon the 31%… Read More >>
R.J. O’Brien Expands in Chicago as Guggenheim Securities Adds to IB staff
R.J. O’Brien’s Expands Operations in Chicago Futures brokerage and clearing firm R.J. O’Brien & Associates is expanding its Chicago institutional brokerage operation again by exercising an option for more square footage on the floor that houses its institutional group, say officials at the firm. RJO renovated the trading floor that it established in 2010, and… Read More >>
