Northern Trust has hired Stephen Andress to head up its global derivatives operations. He will oversee the strategic development of its back office derivatives processing infrastructure, team and capabilities. The role is new and has been created by Northern Trust in response to the increasing use of derivatives by its investor and fund manager clients. Andress joins from Commerzbank where he was global head of OTC derivatives operations and collateral management from 2001 in London and Frankfurt.
A-Team Insight Blogs
Northern Trust Hires Andress from Commerzbank to Head Up Global Derivatives Operations
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
Change at the top as Christian Kromann, SimCorp COO and member of the executive management board since 2019, succeeds long-standing CEO Klaus Holse. The change takes effect tomorrow, 2 September 2021, and marks the end of an era for Holse, who has led the company for nine years. SimCorp says that over the past two...
Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.
As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...