The private equity industry sees some bright spots in its future, but higher-ups are clear-eyed about the difficulties “mounting pressure on fees, costs and the amount of information provided,” might pose going forward, according to a new survey out by financial software and systems vendor SunGard. The report, “Global Private Equity Report 2015: Insights, Relationships… Read More >>
SEC Slams KKR for ‘Broken Deal’ Expenses
The SEC is charging private equity firm Kohlberg Kravis Roberts & Co. (KKR) with misallocating “more than $17 million” in broker-dealer expenses via its flagship private equity funds, citing a breach of its fiduciary duty, officials say. KKR manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies,… Read More >>
Promotion in SEC’s Office of Market Supervision
The SEC has promoted John C. Roeser to the post of associate director and deputy head of the office of market supervision in its division of trading and markets, officials say. Roeser, who assumed the new post immediately, has been an assistant director in the office of market supervision since 2005 and played a key… Read More >>
CME Clearing Europe Fills CEO, COO Posts
CME Clearing Europe, CME Group’s European multi-asset clearinghouse, reports the promotion of Tina Hasenpusch to CEO. She will replace Lee Betsill, who will be returning to CME Group’s Chicago headquarters as managing director, global clearing operations, CME Clearing. “Hasenpusch will be responsible for continuing to grow the business and will work with customers to address their… Read More >>
PageFreezer Bundles Social Media Compliance for Small Firms
PageFreezer, a Vancouver, British Columbia-based software-as-a-service (Saas) provider of website and social media archiving solutions, has unveiled new website and social media compliance bundles intended for financial services firms with fewer than 100 employees. The bundles simplify Financial Industry Regulatory Authority (FINRA) and SEC compliance for financial services firms by automatically archiving websites, blogs and… Read More >>
Q&A: ‘NRI to Up Sales Outside Japan to $1 Billion’
The new president of NRI Holdings America Yasuki Okai talks about the company’s North American push.
Mary Schapiro Joins LSE Board as a Non-Exec Director
London Stock Exchange Group (LSEG) officials report that former head of the SEC, Mary Schapiro, will join the LSEG board as a non-executive director, effective on the first of July. In addition, David Weisbrod, CEO of LCH.Clearnet, has been named LSEG’s U.S. country head. “In this new role, David will work closely with the business… Read More >>
Narrative Science Unveils Solution for Wealth Managers
Automated financial reporting software maker Narrative Science has released a new wealth management solution, called Quill Portfolio Review, officials say. The new solution aims to “bridge the gap between the millions of people who need customized financial reporting and the overwhelming amount of data analysis, interpretation and communication skills required to deliver it,” according to… Read More >>
SEC Mulling ‘Claw Back’ Rules
The so-called “claw back” provision of the Dodd-Frank Act – which would allow securities firms to take back executive compensation resulting from fraudulent or otherwise inaccurate financial statements – is one of the few parts of the massive 2010 law that still hasn’t been turned into an actual rule yet. That might change soon however,… Read More >>
Calypso Hires for Professional Services
Treasury and capital markets solution vendor Calypso has appointed Medhi Miri as its new senior vice president of professional services, officials say. In his new role, Miri will oversee “the strategic direction of product implementation for Calypso’s clients, as well as process improvement and new service offerings,” according to a company statement. “Banks, regardless of… Read More >>
