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BNY Mellon Asset Servicing Appoints Wywoda Head of Global Product Management
BNY Mellon Asset Servicing has appointed Dan Wywoda, senior vice president, as head of global product management to replace Gunjan Kedia who has decided to leave the company. Wywoda will continue to be based in Boston and will report to Tim Keaney, co-CEO of BNY Mellon Asset Servicing. In this new role, Wywoda will assume…
Markit Updates RED Following Fannie Mae and Freddie Mac Rescue
Following the government rescue of US mortgage providers Fannie Mae and Freddie Mac, Markit has issued new versions of its CDX indices and the affected Markit RED codes, which include references to either of the providers. The rescue is classified as a bankruptcy credit event under the International Swaps and Derivatives Association (ISDA) credit derivative…
Hermes Fund Managers Picks Cadis EDM, Cadis Targets Hedge Fund Community
Hermes Fund Managers has implemented the Cadis EDM Suite as its central data management platform across all of its operations. The fund manager selected the platform as part of the revamp of its operating model and chose Cadis in particular due to its fast implementation time, according to Philip Keeler, head of operations & IT…
Carletti Makes Surprise Exit from Telekurs, Buser to Act as Interim Head
Just one month after the announcement of its rebrand and weeks after its decision to up its stakes in the valuations business, SIX Telekurs has announced that Marc Carletti, CEO of its Financial Information division and a member of the group’s executive board, has decided to leave the company of his “own volition”. According to…
Messaging Platforms and Hardware Choices: General Purpose or Accelerated?
Hardware-only vs hybrid vs software-only approaches to handling high data volumes with ultra low latency – Is there a clear winning approach or is the solution dependent on the specific application? Everybody uses hardware for messaging. The real question is: general-purpose or special-purpose hardware? Even special-purpose hardware starts life as software (e.g. VHDL code) which…
Quantifi Adds New Model to Valuation Software for More Realistic Treatment of Market Recovery
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has extended the functionality of its credit derivative valuation software to include a new correlated recovery model, which it says will incorporate a more realistic treatment of recovery in the event of default. Quantifi reckons that institutions need to alter their…
RZB Selects Thomson Reuters Enterprise Platform for Data Management
Austrian bank Raiffeisen Zentralbank (RZB) has selected Thomson Reuters’ Enterprise Platform for data management across the RZB Group. The bank is currently engaged in establishing a new market risk infrastructure, which it hopes will provide it with the ability to hedge its portfolios more effectively, enabling substantial savings in hedging costs. The bank engaged in…
KBC Group Selects Ness Technologies for Consolidated Data Management
Brussels headquartered KBC Group has selected Ness Technologies’ Financial Data Enterprise solution to provide an end to end consolidated data management platform. According to the vendor, the deal is a multi-year agreement and involves a combination of Ness’ proprietary software and services. Sudhakar Kondisetty, chief business officer of Ness’ Financial Services, Ness Technologies, says: “Generally,…
Siperian and Evaxyx Partner for Faster Implementation Framework
Master data management (MDM) platform developer Siperian and data integration consulting firm Evaxyx have signed a strategic partnership in order to speed up the implementation process of Siperian’s MDM Hub. To this end, Evaxyx has developed the Evaxyx Siperian Services Framework (ESSF), which is based on a set of industry best practices. According to both…
Data Explorers Appoints Ex-Thomson Reuters Morris and Holmes as COO and Sales Director
Securities lending data provider Data Explorers has appointed two senior executives from Thomson Reuters to join its management team. It has hired Jonathan Morris as chief operating officer and Christopher Holmes as sales director. Morris led the integration effort for the new combined Thomson Reuters sales and trading content and technology organisations, and was also…