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Progress Made, But More Needed For Difficult, Dull, Deadly CAs
Difficult, dull and deadly – that was how corporate actions were described at a breakfast seminar held by CityCompass earlier this month. Of course, we don’t necessarily agree with the full statement, but difficult they certainly can be. Progress is being made, however, towards the automation of corporate actions processing, reported participants of the event….
London Exchange Engages Firms In Counterparty Data Utility Pilot
The market for counterparty data solutions is heating up, as the London Stock Exchange becomes latest in a slew of firms becoming active in the space. The Exchange is working with six participating financial institutions for an upcoming pilot of a counterparty data utility. Says the exchange’s head of reference data, Mark Husler, “We are…
EUSD: Are You Ready? By Gary Wright, MSI, Managing Director, CityCompass Research
For those not quite up to speed, EUSD stands for the European Union Savings Directive and it impacts just about all financial services firms who act as collecting or paying agents in capital markets within the European Union. These paying agents – including banks, building societies, corporations issuing bonds that pay interest on certain instruments…
GoldenSource Hires Zill From CheckFree
GoldenSource – formerly known as Financial Technologies Inc (FTI) – has hired Mark Zill as executive vice president, with responsibilities including leadership and development of software operations for product management and development, customer care and international operations. Zill, based in New York. was previously with CheckFree Financial and Compliance Solutions through its acquisition of HelioGraph…
Perry Moves on From BearingPoint
After a brief stint at BearingPoint, Derek Perry has left to pursue other opportunities. Perry joined BearingPoint last year from Capco where he worked on reference data services.
Capco Adds Chelliah, Bennett to Team
Capco has brought onboard two new executives. Gopi Chelliah has been named partner and executive vice president, business process outsourcing and sourcing development, based in London. He will also be a key member of Capco’s Executive Management Committee and the Capco Transformation client services team. Chelliah joins from Deutsche Bank where he was managing director,…
Fortis Restructuring Sees Deschênes Named CIO
As part of Belgium-based Fortis’ restructuring, Alain Deschênes has been appointed chief information officer, responsible for providing vision, strategy, leadership and management to information systems and technology across Fortis’ banking and insurance operations. He will report to Herman Verwilst, deputy CEO and chief operating officer. Joining his team is Jean-Pierre Cardinael as chief technology officer,…
Shipperlee Rejoins S&P as European MD for Risk Solutions
Stuart Shipperlee is rejoining Standard & Poor’s as its new European managing director for the Risk Solutions division, based in London. Shipperlee, who will report to Gary Kearns, global leader for Credit Risk Services, was previously managing director of European operations for U.S. insurance ratings agency AM Best, and before that spent 10 years at…
Battle of the Reference Data Industry Groups? Atkin Launches Findac, As FISD Gears Up
Competition looks set to hit the reference data industry bodies space, as former FISD chief Mike Atkin has found a backer to set up his own industry group – Financial Data Coalition (Findac) – which appears to be in direct competition with his former employer. Findac, which has the tagline: “Promoting standards and efficiencies in…
Bank of New York Picks ValueLink Giving Boost to Outsourcing
Giving a vote of confidence to the outsourcing discussion, Bank of New York (BNY) has opted for Value-Link’s pricing validation service over sourcing data feeds directly from the information vendors, after a year-long RFP process. BNY’s Central Pricing Unit will be sourcing a range of daily intraday and closing valuation pricing data with global coverage…