Virtu Financial has announced new executive hires and changes to its leadership team. Brett Fairclough has been promoted to chief operating officer and global head of business development; Alex Ioffe will join the company as chief financial officer effective September 30, 2019; and Marc Rosenthal joins the executive team from Morgan Stanley’s equity division as executive vice president of strategy and corporate development.
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,...
Duco, an SaaS provider of AI-powered data automation, has named Michael Chin as CEO with immediate effect. He succeeds the company’s founder Christian Nentwich, who steps down as CEO after a tenure of over 10 years but remains as a board member. Duco was acquired by Nordic Capital in 2021 and has since accelerated growth...
The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.
After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...