New RIA to Be Independent of T. Rowe Price T. Rowe Price officials report that the firm’s funds’ board added a new subadviser — T. Rowe Price Investment Management (TRPIM) — the firm’s own SEC-registered and fully independent investment adviser. Late last year, T. Rowe Price Group, Inc. announced that it would establish TRPIM as a… Read More >>
T. Rowe Price Deploys New NAV Oversight Platform
T. Rowe Price has deployed an automated Net Asset Value (NAV) oversight system that will serve a range of investment offerings, and will replace an internally developed system, according to officials at the mutual fund giant and at Linedata, maker of the Navquest platform. NAV is the “value per share of a mutual fund or… Read More >>
KPMG International Picks New Chairman
Thomas Tapped to Become Global Chairman William B. Thomas is the new chairman of KPMG International, succeeding John B Veihmeyer, who completed his term as Chairman and is retiring from KPMG, officials say. Thomas, who will run the KPMG global network of professional services firms for a four-year term, has previously served as chairman… Read More >>
T. Rowe Price Vet Joins SenaHill Partners
SenaHill Partners Hires a FinTech Specialist Consultant SenaHill Partners, LP, a financial technology specialist merchant bank, reports the appointment of T. Rowe Price veteran Todd Ruppert to “help steer the firm’s international advisory initiatives” and to “help drive global expansion.” Ruppert will serve as a consultant to help drive the firm’s international expansion and will… Read More >>
Firms Have Tough Decisions Ahead of Them: ISITC
(Editor’s note: Jeffrey Zoller, chairman of The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on standards, speaks to FTF News about some of the difficult choices coming for financial services firms. ISITC’s 22nd Annual Industry Forum & Vendor Show is underway in Boston this week. In addition to his… Read More >>
Cybersecurity, Blockchain to Dominate in 2016: ISITC
Securities firms are gearing up for cybersecurity and Blockchain projects while hoping the T+2 shorter settlement push will not cause them a major overhaul of operations, according to the latest survey from the International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on standards. Yet despite juggling new and incumbent technologies… Read More >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
