CUSIP Global Services (CGS), which produces identifying instruments and entities for the capital markets, has announced that Scott Preiss, currently CGS’s vice president and chief operating officer (COO), will replace Jim Taylor as head of the organization when he steps down on July 1. CGS is owned by S&P Capital IQ, which is itself owned… Read More >>
Daiwa Capital Markets Deploys Torstone for Hong Kong
Daiwa Capital Markets Hong Kong, the investment banking arm of Daiwa Securities Group, has gone live with securities and derivatives processing software vendor Torstone Technology’s Inferno post-trade processing platform, officials say. The switch marks “the latest phase of a long-term collaboration to implement best-of-breed back-office technology across multiple asset classes at Daiwa HK,” according to… Read More >>
SEC Promotes Acting Head of Investment Management Unit
The SEC reports that David Grim has been named director of the division of investment management. Grim has been the division’s acting director since February, following the departure of former director Norm Champ. Grim joined the SEC in September 1995 as a staff attorney in the division’s office of investment company regulation, according to a… Read More >>
LPL Financial Names First CTO
LPL Financial, a custodian for registered investment advisors that characterizes itself as the largest independent broker-dealer by revenues in the U.S., reports that David Wright has been named executive vice president, chief technology officer (CTO). In his newly created CTO role, Wright will report to Victor Fetter, managing director, chief information officer, LPL Financial officials… Read More >>
Mizuho International Revamps Data Infrastructures
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with a security master application from reference data vendor GoldenSource, officials say. The deployment of the Securities & Products application follows the investment bank’s January deployment of GoldenSource’s entity master application, dubbed Customers & Counterparties, officials say. Integrated on… Read More >>
UnaVista Hires from Axiom SL
UnaVista, the London Stock Exchange Group’s matching, reconciliation and regulatory reporting platform, reports that Robert Grant has joined as head of business development, software for Americas. Grant has 25 years of industry experience and most recently served as senior vice president of sales at Axiom Software Laboratories, “where he also led marketing and business development… Read More >>
Swaps Reporting May Ease for Some
The CFTC has approved for public comment a proposed rulemaking that could ease swaps reporting requirements for some counterparties, officials say. The proposed rule would reduce reporting and record-keeping requirements for “trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade options in connection with… Read More >>
Deutsche AWM Goes Live with Eagle Solution
Vendor Eagle Investment Systems, a subsidiary of BNY Mellon, reports that its data management solution has gone live at Deutsche Asset and Wealth Management, where it will support the firm’s EMEA and Asia-Pacific operations, officials say. “Deutsche AWM, with €1.039 billion of assets under management (AUM), is among the 10 largest bank-owned asset and wealth… Read More >>
Can Scandal Spur Global Regulatory Harmony?
Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
SmartStream Launches Office in Saudi Arabia
Reconciliation vendor SmartStream has opened a new office in Riyadh, Saudi Arabia, in a bid to cement its presence in the Middle Eastern market, officials say. After successful efforts to centralize its operations in the Middle East at its Dubai office, “SmartStream has experienced unparalleled growth, necessitating the launch of this newest office,” according to… Read More >>
