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RBC Dexia Selected By Manulife Singapore For Fund Valuation
RBC Dexia Investor Services has been selected by Manulife (Singapore) Pte Ltd to handle the fund valuation for 42 Investment Linked Portfolios, accounting for over SGD1.5 billion in funds under management and consisting primarily of fund of funds structures. “Outsourcing is an important strategic decision and it is imperative that the right partner is selected…
Basel Committee Issues High Level Principles for Accounting Standards
The Basel Committee on Banking Supervision has released a set of high level principles to assist the International Accounting Standards Board (IASB) in replacing International Accounting Standard (IAS) 39, which is related to fair value measurement. The IASB is currently endeavouring to develop new global accounting standards to improve the decision usefulness and relevance of…
DTCC Provides Further Market Transparency on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) today has brought further transparency to the global credit default swaps (CDS) market, worth more than US$31 trillion, by expanding its public release of CDS data maintained in its Trade Information Warehouse to include historical information on those contracts. The warehouse is a comprehensive global repository for the…
DTCC Replaces Hilly with Ex-Lehman CIO O’Connor as New CTO
The Depository Trust & Clearing Corporation (DTCC) has indicated that when its current chief technology officer, Vincent Hilly, retires in July next year, ex-Lehman Brothers chief information officer, Bridget O’Connor, will assume his role. Until that time, the two will be working together to ensure a smooth handover, says the vendor, which is currently ramping…
CME Group Poaches CMA Subsidiary’s CEO Paulhac for OTC Focused Role
CME Group has transferred the CEO of one of its subsidiary companies, credit derivatives data provider Credit Market Analysis (CMA), to its own executive management team. Laurent Paulhac has been appointed as managing director of OTC products and services for CME Group and will be responsible for leading the development, execution and management of CME…
Latest Version of StatPro Complex Asset Pricing System Takes Mystery Out of Pricing Financial Products
StatPro, a provider of portfolio analytics and data solutions for the global asset management industry, announced today that the latest version of its Complex Asset Pricing (CAP) service has been updated to provide an even greater degree of accuracy and transparency for asset managers seeking to price complex financial products. First launched in late 2008,…
Pricing Partners Provides Consulting Service with ESTER
Pricing Partners announced today that it is teaming up with ESTER to provide consulting services and financial advisory. This complementary partnership combines the financial management know-how from ESTER and the expertise of models and analytics from Pricing Partners to deliver high quality solutions to their clients. ESTER is a consulting firm founded by Elsa Sitruk…
Markit and DTCC Launch MarkitServ
Markit and the Depository Trust & Clearing Corporation (DTCC) today launched MarkitServ, a new company that combines the two organisations’ electronic trade confirmation and workflow platforms to provide a single gateway for OTC derivative trade processing. Jointly owned by DTCC and Markit, MarkitServ combines the DTCC DerivServ and Markit Wire trade confirmation platforms to cover…
Korean Investment Managers Now Processing Cross Border Transactions via Omgeo CTM/KSD Service Bureau
Omgeo today announced that the service bureau between the Korean Securities Depository (KSD), the central securities depository for South Korea, and Omgeo Central Trade Manager (Omgeo CTM) is now live and Korea Investment Trust Company and Shinhan BNP Paribas Asset Management are processing trades. The strategic partnership between Omgeo and KSD allows the Korean investment…
Cadis Opens Office in Hong Kong, Appoints Zhang to Head
Following its solution land grab with the acquisition of C8 earlier this year, enterprise data management (EDM) vendor Cadis has expanded its geographic footprint with the addition of a new office in Hong Kong. Focused on the Asia Pacific market, the new office will be headed by Disheng Zhang, who has joined the vendor as…