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IHS Markit, a specialist in critical information, and analytics, has launched Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly.
Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit, legal and tax requirements. On average, the process takes 40 days.
The new IHS Markit Onboarding Accelerator enables firms to reduce on-boarding time to as little as one day and is suitable for any servicer relationship an investment fund or corporation might
PineBridge Investments has appointed Mick Sweeney as Chief Executive Officer of PineBridge Investments Ireland, the firm’s UCITS Management Company and Alternative Investment Fund Manager.
Sweeney is based in Dublin and reports to Klaus Schuster, Head of Europe at PineBridge Investments.
In his new role, Sweeney will have governance responsibilities in support of the Management Company and will be PineBridge’s main contact with the CBI. Sweeney will also work with Schuster to drive new business lead generation and develop relationships with Ireland-based clients. He will support PineBridge as Head of the Ireland office, assuming general management and oversight of day-to-day
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has elected four new global directors and a new regional leader.
Rajpal Arulpragasam, Suzanne Currie, Amy Lawrence and Gary Markham will all serve three-year terms as new Global Directors, while James Stedman is the new Co-Director of HFA’s Latin America and New York Regional Chapters
“Our highly accomplished and diverse leadership team is further strengthened by HFA’s new directors as we continue to build the line-up of upcoming educational and networking events,” says Mitch Ackles, HFA President. “In addition, we recognise HFA term limits and greatly appreciate
Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon.
Clients can access AcadiaSoft’s Initial Margin (IM) Risk Suite of low-touch tools for margin calculation, reconciliation and messaging as part of BNY Mellon’s collateral service offering.
This collaboration, in conjunction with BNY Mellon’s existing bilateral margin capabilities from post-trade and settlement through to collateral segregation and ongoing position monitoring, enables clients to meet their obligations under Phases 4 and 5 of the non-cleared margin rules, all in one place.
Under the rules, counterparties are required
The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who perform investment and operational due diligence programmes, is offering its members preferred access to the Convergence database of operational due diligence tools and analytics.
“IMDDA members can now access Convergence’s database to perform critical due diligence research in a comprehensive, efficient and timely fashion,” says Andrew Borowiec (pictured), Executive Director of the IMDDA. “This is another example of how the IMDDA is defining, developing, and implementing global due diligence best practices with our CDDA professional credentialing, webinars, articles and research tools.”
For IMDDA members, Convergence
Accusource, a provider of middle- and back-office operational services, has teamed with Canoe Intelligence, in a bid to bring ‘efficiency, speed and increased accuracy’ to the investment management industry.
Institutional investors and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity and venture capital. As a result, these firms are inundated with thousands of email, web-based and PDF documents containing hundreds of thousands or millions of transaction, valuation and performance data points. Manually converting these critical, data-rich documents to productive digital formats costs investment firms as much as $4 million annually.
The US CLO market is holding up well with new issuance expected to reach USD135 billion in 2019. This has prompted TowerBrook Capital Partners to set up a new platform, CAVU, with LibreMax Capital. And with PineBridge Investments suggesting there is significant relative value in CLOs, it would seem to be a good time to get the CAVU platform off the ground.
The supply dynamics for collateralized loan obligation (CLO) funds – the biggest buyers of leveraged loans – are set to remain favourable for 2019 in the US, with banks forecasting that approximately USD135 billion of CLO new issuance could
Independent asset manager Unigestion has enhanced its Environmental, Social and Governance (ESG) capabilities by implementing an ESG Risk Ratings solution from Sustainalytics.
The solution will help Unigestion to further refine its existing in-house ESG indicators at a security level and expand its robust analysis of the ESG footprint of sectors and countries across the different asset classes managed by the firm. It will help Unigestion not only to avoid future ESG-related risks, but also to better exploit new opportunities offered by sustainable investing.
With a long track record of integrating ESG criteria in both its investment approach and its
Global broker Mariana UFP has selected TORA ’s cloud-based order and execution management system (OEMS) for pairs trading in London, New York and Melbourne.
Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain thresholds. Trading these security pairs in large sizes requires access to a range of sophisticated algorithms to fit the required trading strategy and a sophisticated OEMS to manage many orders concurrently.
Mariana UFP is a market leader in securities trading and was looking for a technology partner that offers advanced pairs trading tools to help them achieve best execution for
Blockchain technology company Currency.com has launched a new feature on its tokenised securities trading platform, which for the first time will enable users to trade and invest in tokenised government bonds using fiat money, bitcoin (BTC) or ethereum (ETH).
Currency.com has issued a tokenised version of Belarusian government bonds and plans to include additional tokenised government and corporate bonds over time. Thanks to this new feature, Currency.com users will be able to invest their cryptocurrency holdings in an entirely new, differentiated asset class that presents the opportunity to hedge and diversify their portfolios through fixed-income instruments with potentially lower risk
