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CloudMargin, creator of a cloud-native collateral and margin management solution, has appointed Daniel Schwartz, a 20-year veteran of financial products, markets and technology leadership, as its Chief Information Officer (CIO).
Based in the New York office of the London-based company, Schwartz reports to CEO Steve Husk.
Schwartz has extensive experience in financial risk management, derivatives, trading, structuring, business strategy, technology and operations across a broad spectrum of fixed income and equity products, including at several of the world’s leading banks. He also founded two strategic technology consulting firms and served some of the largest Fortune 1000 companies. In the
Cobalt, a foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has appointed FX specialist Anoushka Rayner as global head of sales and business development.
Rayner brings over 20 years of experience in the FX industry to Cobalt. She has held a number of high-profile roles, most recently as business manager and global FX sales specialist at Traiana. Prior to this she worked as sales director at smartTrade Technologies and as global head of FX option sales at FXCMPro, the institutional arm of Forex Capital Markets.
Rayner will be responsible for managing Cobalt’s commercial
Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure.
The Cloud-based service means asset managers and hedge funds can get faster access to data for new quant initiatives and spend more time testing strategies, optimising portfolios and managing risk.
QA Direct offers a scalable platform to manage, maintain and integrate quantitative analysis and investment data. The platform delivers the largest repository of financial data along with quantitative alpha models and other third party content sets allowing customers to explore how their investment hypothesis performs
Robeco has appointed Ed Collinge as Global Head of Insurance Strategy. Collinge previously worked at Invesco, where he led the European Institutional Insurance team.
In this newly created position, Collinge (pictured), will work with Robeco’s client teams around the world on developing specific investment solutions for insurance clients. He will report to Christoph von Reiche, Head of Global Distribution & Marketing.
Prior to his position at Invesco, Collinge was a senior member of Global Insurance Solutions at JP Morgan Asset Management where he was responsible for insurance coverage for the UK, Ireland, the Nordics and South Africa. Previous roles
NEX Markets dealer-to-dealer trading platform BrokerTec has worked with Eurex Clearing, one of the largest global CCPs, to launch a new clearing solution for the European repo market.
The new clearing solution will be live by the end of 2018 and will allow existing BrokerTec clients to select to clear their repo transactions via Eurex Clearing. This solution will allow market participants to consolidate their European repo and corresponding OTC and listed derivatives business under the single risk framework of Eurex Clearing, via the BrokerTec platform.
BrokerTec customers choosing to clear repo transactions will be able to optimise cross-asset portfolios more
This NEX report highlights the recent trends in how information is not only delivered, but also how it is generated. The use of enhanced data extraction, collation, normalisation analysis and reporting tools is becoming more prevalent in financial services to reduce manual processing, enable complex work flows, increase scalability and improve the quality of insights and decision-making.
Specialist treasury technology has been the domain of the world’s largest hedge funds and asset managers in the past, allowing them a competitive edge in reporting, analysis and optimising work flow management and cost savings. Today, sophisticated treasury technology capabilities are accessible to
A new High Court judgement has paved the way for alternative asset management group FM Capital Partners (FMCP) to recover all the assets and property misappropriated by its former CEO.
This follows an earlier judgment from July 2018, in which the Court ruled against Frederic Marino, FMCP’s former CEO, and former Julius Baer banker, Yoshiki Ohmura, in respect of multiple acts of fraud and corruption.
FM Capital Partners wins global fraud case against former CEO
The High Court judgment found that FMCP will be able to recover all the assets and property wrongly taken by Marino up to an approximate
Avenir Technology Limited, a global developer of post-trade Financial Market Infrastructure solutions, is the provider of post-trade market services to the Astana International Exchange (AIX) in Kazakhstan.
Avenir developed both a securities registry and a Central Securities Depository (CSD), along with related FIX trading and post-trade SWIFT messaging, to support this new exchange in the Astana International Financial Centre (AIFC).
AIX has now completed the roll-out of the production versions of the Avenir applications. All ten AIX CSD participants are connected to the Avenir platform, which also offers integrated SWIFT messaging capabilities. Drawing on the wealth of experience
New York-based investment firm Wilshire Phoenix has partnered with crypto storage solution Coinbase Custody to launch a new institutional fund by the end of 2018.
The fund, which will be organised as a statutory trust and which capped at USD500 million, will provide exposure to bitcoin, but, unlike other products that simply hold bitcoin (or oven multiple cryptocurrencies, often referred to as an index), it will seek to mitigate some of the risks typically involved from the sudden and substantial price movements of bitcoin.
In addition, investors together with financial institutions may find it difficult to purchase and hold
EEX Group is restructuring its business in Asia through a reorganisation of the services offered by its wholly owned subsidiary CLTX. The business will now operate under two separate brands: EEX Asia and Cleartech.
EEX says the strategic repositioning will allow the business to better serve the needs of its clients by using both sets of services through greater focus and specialisation on each business area.
Peter Reitz (pictured), EEX CEO, says: “EEX Group’s established presence in Europe, Asia and North America, ensures that it is ideally placed to promote and grow liquidity in the commodities sector worldwide
