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Numerix Continues Expansion Across Asia Pacific; Opens South Korean Office
Numerix, a provider of cross asset analytics for derivatives valuations and risk management has opened a new regional office in Seoul, South Korea, becoming the first derivatives analytics company to provide local sales and quantitative support in the South Korean region. The new Seoul office symbolises the growth and importance of the derivatives markets in…
Societe Generale Securities Services Mandated by Santander Asset Management to Provide OTC Valuation and Collateral Management Services
Societe Generale Securities Services (SGSS) has been mandated by Santander Asset Management, the asset management division of the Santander Group, the 6th largest financial services group in the world by market capitalisation, to provide a range of asset servicing for its Luxembourg-domiciled funds which are administered and deposited with SGSS. SGSS has been selected for…
Ball is in Swift’s Court to Convince of the Benefits of the BIC as an LEI, Says SEB’s Strandberg
Christine Strandberg, global product manager at SEB Global Transaction Services, reckons Swift has a job to do to convince the market of the benefits of its Bank Identifier Code (BIC) as a legal entity identifier. However, she is confident that due to the experience of the industry network operator in the standards development process, Swift…
Tullett Prebon’s OTC Valuations Opens Sales and Client Service Offices in London and New York
Tullett Prebon today announces that OTC Valuations Ltd (OTC Val), its technology driven services firm providing independent price verification services to clients globally, has opened sales and client service offices in London and New York. The openings mark an immediate expansion of the business, following the recent acquisition of Vancouver based OTC Val by Tullett…
SEB’s Strandberg is Unsure About the Benefits of XBRL for Corporate Actions STP
Some in the market may be convinced of the benefits of XBRL for the entire corporate actions process (see our interview with BNY Mellon Asset Servicing’s Paul Bodart for example), but not everyone agrees that it is the key to increasing end to end straight through processing (STP) in the space. Christine Strandberg, global product…
Industry Groups Petition Against CESR’s Proposed Client Categorisation Regime Changes Under MiFID
Industry groups and associations including the Alternative Investment Management Association (Aima), the Association for Financial Markets in Europe (AFME) and the Futures and Options Association (FOA) have all indicated that they do not wish the Committee of European Securities Regulators (CESR) to push ahead with its proposed changes to the MiFID client categorisation regime as…
End is in Sight for Swift’s Lean Programme, But is it Fighting Fit?
Ahead of this year’s Sibos in Amsterdam and following the approval of the 2015 strategy, I have been asking people what they think of Swift and its new five year plan. The most obvious concern for most of the market seems to boil down to one thing: cost. Whatever you think of its new, more…
Tykoczinski Joins Kinetic Partners, Bolstering Risk and Valuation Services
Isabelle Tykoczinski has been appointed a member at Kinetic Partners, and will be joining the London risk team to strengthen and develop Kinetic Partners’ current risk offering. This new appointment will further enhance Kinetic’s capabilities across the risk spectrum, backed up by proven execution capabilities, including its Risk and Valuation Services (RVS) platform and analytics….
Eagle Moves Legrand to Singapore Office, Plans London Expansion
Following its establishment of an office in Singapore in October last year, data management solution vendor Eagle Investment Systems has decided to move its current Asian and EMEA managing director John Legrand from his London base out to the office in order to boost its competitive approach in the region. The US headquartered vendor subsidiary…
BIC’s Potential as a Detailed Entity Identifier May Be Limited, Says Bodart
The development of Swift’s Bank Identifier Code (BIC) as a legal entity identifier has proved a controversial topic over the last year or so and a number of industry participants are concerned that it is not fit for purpose. Paul Bodart, executive vice president and head of EMEA global operations at BNY Mellon Asset Servicing, for…