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Societe Generale Securities Services Mandated by Ethias to Provide Independent Valuations
Societe Generale Securities Services (SGSS) has been mandated by Ethias, a Belgian insurance company, to provide independent valuation services. These services cover a portfolio of complex structured products. SGSS was retained because of its expertise in this area, alongside the quality of its services (database of mathematical models developed in-house, flexibility in valuation frequency, analysis…
Swift Talks up the Cost Saving Benefits of ISO 20022 Adoption, New Concepts
This week’s Swift Standards Forum event in Sydney is part of the network operator’s push to convince the financial services industry at large of the benefits of migration to ISO 20022. Obviously, the securities industry and, more specifically, the corporate actions space represent key opportunities for the ISO messaging standard and Swift has therefore been…
Cadis Platform Puts Robeco in Control of Data Consumption
Robeco, the Netherlands based asset management specialist, has streamlined its data needs via the Cadis EDM platform. Live since February 2011, Cadis, the global EDM specialist, provides Robeco’s Price, Rates and Security Master Management – increasing flexibility and transparency. The decision to choose Cadis comes after a highly effective Proof of Concept (PoC) which saw…
Ex-Head of Performance Measurement and Reporting at Allianz GI France joins BI-SAM
BI-SAM, a provider of data management, analytics and client reporting solution, today announced that Elena Petit has joined its management team as account management and business development manager, and more specifically responsible for BI-SAM’s SaaS offering. Petit is an expert in performance measurement and analysis and client reporting and has 10 years of experience within…
Deloitte Selects SunGard’s FastVal for Independent Valuations for its Audit and Advisory Businesses
Deloitte LLP, a global provider of audit, tax, consulting and financial advisory services, has selected SunGard’s FastVal, an independent valuation service for vanilla and complex over the counter (OTC) derivatives. Deloitte will use FastVal to provide it with an independent valuation service when revaluing its clients’ derivatives portfolios. FastVal’s coverage of vanilla and OTC derivatives…
Interactive Data Launches New Web-Based Portal For its Business Entity Service
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced the launch of a new portal for its Business Entity Service. The flexible web-based portal can help clients of Interactive Data’s Business Entity Service delivered via its FTSSM securities administration tool to analyse and manage the risk from their global…
Nomura Taps Richard Sherlund as Head of US Technology Equity Research
Nomura, the global investment bank, announced today that Richard Sherlund joined as managing director and head of its US technology equity research team. Sherlund spent 24 years at Goldman Sachs and, most recently, was the CEO and portfolio manager of Ketchem Creek Capital, a New York-based technology oriented investment firm. Ciaran O’Kelly, head of Equities,…
PolarLake Announce Semantics Based Reference Data Search Capability
Today PolarLake announce the availability of the world’s first Reference Data Specific Enterprise Search capability. Based on the research and development activities of PolarLake this new capability will enable an internet style search capability across any number of reference data sources. The product also enables firms to define their own linkages, meta data and data…
Schroders’ Walsh and HSBC’s Johnson Discuss the Tension Between Data Inputs and Outputs in the Face of Regulatory Change
The buy side community’s data managers are being faced with a tricky balancing act of ensuring their output to clients is optimised from a technology and data standpoint and that their data inputs are of sufficiently high quality for regulatory and client purposes, according to panellists at last week’s A-Team Group and SmartStream roundtable. Speaking…
US FDIC Proposes New Registration Requirements for Residential Mortgage Loan Originators
The Federal Deposit Insurance Corporation (FDIC) has published proposals for comment in the US Federal Register that would introduce new requirements for the registration of residential mortgage loan originators, thus adding new legal entity identifiers into the Nationwide Mortgage Licensing System and Registry (NMLSR). Under the proposals, on which firms must provide feedback by the…