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Xcitek Takes Stokes from Telekurs

Gary Stokes has joined the London office of XcitekSolutionsPlus, a developer of corporate actions automation solutions, as sales executive. He will focus on expanding the U.S.-based company’s European customer base. The London office was opened in May. Stokes was previously sales executive at data provider Telekurs Financial, where he was responsible for new business sales….

Evans to Head Risk at eFunds

Robert Evans has joined eFunds as managing director of risk management solutions. He was previously director of product management, development and marketing at remittance processing and content management vendor Regulus Group, and held positions at Orion Management and First Union Corp., now part of Wachovia.

SmartStream Technologies Continues Hiring Bonanza

SmartStream Technologies has recruited Steve Lewis from Capco and Tim Collins from Mercator following its acquisition of messaging and business processes management specialist Connextive. Collins will head SmartStream’s professional services division for the newly acquired products. He has worked for Mercator for the past 10 years, where he was principal of its professional services division….

IFDS Names Carpenter to Lead U.K. Sales

International Financial Data Services (IFDS) has hired Daniel Carpenter as head of U.K. sales, reporting to managing director Paul Roberts. IFDS is a transfer agency joint venture between DST Systems and State Street. Carpenter was previously sales and marketing director at Cor Financial Solutions, and has held positions at Kinetic Information Systems, Primark – now…

Ex-Reuters STP Executive Smith Emerges at TradeWeb

TradeWeb, the institutional transaction portal for fixed income securities, has named Chris Smith to lead its European straight-through-processing initiative. In the face of continuing competition in the electronic bond trading arena, TradeWeb has been emphasizing its STP capabilities as an edge over potential rivals. Smith will oversee the launch of TradeWeb’s TradeXpress STP product in…

Wall Street Systems Hires Longden as European Head

Wall Street Systems has hired Chris Longden as regional managing director for Europe, Middle East and Africa, with responsibility for the company’s sales and delivery operations. Longden was previously head of global risk management products at Misys International Banking Systems.

Basel II Plan Under Attack for Impact on Costs, Funding

The draft Basel II proposals on risk regulation have been attacked by two industry bodies in the past month. First, the Institute of International Finance (IIF) expressed concern about the potential costs to industry participants of accommodating what it called the complexity of the proposed new framework, and said there was a lack of coordination…

Wachovia Licenses Xcitek

Wachovia Corp. has licensed Xcitek CostBasis’s XCB solution to calculate cost allocation factors and tax opinions on corporate actions. XCB is an automated solution for supplying cost basis and tax data. Susan Lane, managing director, securities servicing, Wachovia, says the product is user-friendly and cost effective in supporting the bank’s trust account base. “It provided…

Advent Software and Netik Seal Strategic Integration Alliance

Advent Software and Netik have formed a strategic alliance to integrate Advent’s Geneva and Netik’s InterView V7 software. The combined products will provide fund administrators, prime brokers and global asset managers with an integrated system for investment accounting, data management and reporting. The Geneva software features a single unified data model that supports flexible reporting…

The Interview: Full Circle for EDI

Nearly a decade ago, a licence to distribute London Stock Exchange started Exchange Data International down the data aggregation route. RDR reports on how far they’ve come A little over two years ago, the phrase reference data was pretty much unknown. Today it is in danger of becoming one of those tick-box capabilities that suppliers…