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JPMorgan Appoint Rene Wiegel as Head of Business Development for the Benelux Region
JPMorgan Worldwide Securities Services today announced the appointment of Rene Wiegel as managing director, head of business development for Benelux, effective immediately. Wiegel brings a wealth of experience to the business development role at JPMorgan Worldwide Securities Services. Most recently, he was managing director, head of sales for Benelux and Switzerland, at BNY Mellon. Prior…
Valuation and Analytics Head Naro Departs Markit for Jefferson National
Sal Naro, executive vice president and global head of valuation and analytics services at Markit, has left the derivatives data specialist and join buy side firm Jefferson National. Naro, who has headed up Markit’s valuation and analytics business for the last two and a half years, since his appointment to the role back in November…
Highbridge Appoints COO as President
Highbridge Capital Management, one of the world’s largest hedge funds, has appointed Todd Builione, its chief operating officer as president in what is being described as a sign of the increasing maturity of the hedge fund industry. Ronald Paterson, partner at international law firm Eversheds, comments on the changes the industry has gone through recently:…
Setting the Social Agenda
When you think of firms that are at the forefront of the social media trend, very few (if any) financial services firms immediately spring to mind. Those that do are likely from the retail world rather than cap markets, but there is activity taking place out there: you just need to know where to look…
Euroclear UK & Ireland Slashes Fund Transaction Reconciliation Fees
Euroclear UK & Ireland’s charges to fund promoters for processing reconciliation messages emanating from the fund distributor community have been lowered substantially, with immediate effect. Fund promoters that receive fund distributor data requests concerning fund unit balances for reconciliation purposes (known as reconciliation messages) will be charged GBP 1.00 for the first 250 messages per…
Carne Recruits IFS Founder to Join Expanding Team of Independent Fund Directors
Carne Global Financial Services has added a senior figure in the Irish funds industry to its growing list of experienced independent fund directors. Mary Murphy joins Carne as a managing director, Alternatives, and will be based in the firm’s Dublin office. Murphy is a well-known figure in the Irish funds business, having been a founder…
SunGard’s Adaptiv Analytics Increases Speed Sixfold to Support Latest Industry Risk Requirements
SunGard has released a new version of its risk analytics engine, Adaptiv Analytics, that provides improved performance to help customers manage developments in Credit Value Adjustment (CVA) and around regulations such as Basel III capital requirements. Adaptiv helps customers accurately calculate the cost of credit so that traders can correctly price new business while maximising…
JPMorgan Selected by MainePERS as New Global Custodian and Securities Lending Provider
JPMorgan Worldwide Securities Services, a provider of global custody and fund services, today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State’s US$10.5 billion in assets. JPMorgan will provide a wide range of custody and securities services including: global custody, fund…
Numerix Launches LiquidAsset Product for Pricing OTC Derivatives
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management today announced the launch of its product – Numerix LiquidAsset- for Pricing OTC Derivatives and exchange traded deals. Built upon Numerix’s CrossAsset analytics, LiquidAsset is a function based Excel solution for valuation of the most common set of OTC derivative trade types. “LiquidAsset…
Linedata Launches Latest Version of Linedata Mfact with Web Access to All Fund Accounting Information
Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the latest release of Linedata Mfact, its fund accounting solution for fund administrators, banks and trust companies, mutual funds and pension funds. With over 20 years of providing reliable, accurate and cost efficient technology, users of Linedata Mfact achieve operating…