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Capco Names Parthasarathy as Country Manager, India

Capco has named Padma Parthasarathy as country manager in India, based in Bangalore, and reporting to partner and executive vice president, business process outsourcing and sourcing development Gopi Chelliah who joined a few months ago (Reference Data Review, March 2005). Parthasarathy will be responsible for developing Capco’s relationships with India’s banking sector as well as…

Xcitek Hires Jones for Product Management Group; Gyngell in Europe

Larry W. Jones has joined corporate actions firm Xcitek as senior vice president of its product management group, responsible for managing the product roadmap. Although not from a corporate actions background, Jones spent 18 years at HP/Compaq Computer Corp. within its global services division, as well as Integrated Medical Systems International and Adea Solutions. He…

Should the Registrars Become a Data Vendor? By Gary Wright MSI, CityCompass Research

The problem with data in the securities industry today is there is too much of it coming from too many different sources and in too many different forms. The cost therefore of gaining the data you want and need, has never been greater and this is in the 21st Century with the world of the…

Markit Establishes Tokyo Office, Led by Mizutani

Markit Group has hired Katsumi Mizutani to head the company’s new Tokyo office and manage business development in Japan. He joins from TD Securities, where he was managing director and head of credit derivative structuring and customised solutions in Tokyo. Prior to that, he was at Deutsche Bank in the capital markets team. Also joining…

U.K. Broker Williams de Broe to Use Mondas for Corporate Actions

Williams de Broe will use Mondas’ Radica CAPS corporate actions automation platform and its Election Management Portal under a five-year licensing, services and support deal valued at around £350,000. The U.K. stock broker’s decision followed a lengthy evaluations process involving several vendors. The deal makes Williams de Broe the second client to adopt the new…

Watch out for MiFID, the industry’s greatest challenge since Y2K By Gary Wright, managing director, CityCompass Research

In case you are not aware, the EU’s Markets in Financial Instruments Directive, or MiFID, has been under discussion and review for a number of years. It is not an understatement to say that MiFID will entail fundamental change to all securities markets within the European Union. The changes in both business practice and the…

Standard & Poor’s Signs Reciprocal Accord With CIBC World Markets for Bond Data

McGraw-Hill’s Standard & Poor’s Corp. has tapped CIBC World Markets as the source for bond evaluations in Canada. As part of the reciprocal arrangement, CIBC will add Standard & Poor’s bond evaluations to its own PriceBase market data platform. Standard & Poor’s says the move is in response to growing demand for comprehensive cross-border bond…

Reuters Taps Barnes for Enterprise Information Marketing Role

Reuters has named Ken Barnes marketing director, Americas, for enterprise information products. Based in New York, Barnes will manage campaigns for the DataScope and real-time data feed products. Barnes previously led research and development initiatives with Reuters’ Innovation Program, and managed the Reuters strategic technology alliances. Before that, he managed data feed marketing for Bridge…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…

FT Interactive Data Adds Younge in Business Development for Ireland

FT Interactive Data has appointed Sandra Younge as business development manager for Ireland, based in Dublin. She was previously international business manager at MoneyMate, an Irish investment and fund data provider. FT Interactive maintains more than 100 staff in its Dublin office.