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Derivative asset management firm Harvest Volatility has appointed Peter Montgomery as an executive director. Based in San Francisco, Montgomery is responsible for strengthening Harvest’s West Coast marketing and sales efforts.
Rick Selvala, Harvest’s Chief Executive Officer, says: “We are thrilled to welcome Peter to the team, as we look to strengthen relationships on the West Coast and expand the solutions we provide clients.”
Prior to joining Harvest Volatility Management, Mr. Montgomery was a Senior Vice President in the Client Solutions group at iCapital Network, where he focused on the independent wealth advisory community in the Western United States. He
MaplesFS, an independent provider of specialised fiduciary, fund administration, entity formation and management, insurance management and trust and private client services, has announced that it has received a corporate service provider license from the Bermuda Monetary Authority.
The expansion of MaplesFS’ service offering in Bermuda will include the incorporation of companies, formation of limited partnerships, registered office services, corporate administration services and the provision of directors.
Bermuda continues to enjoy a strong reputation as a leading offshore jurisdiction due to its well established infrastructure and stable legal and judiciary system. The extension of the firm’s capabilities to include corporate
Liquidnet’s global institutional trading network has announced that its global buy-side community of more than 930 member firms can now trade Brazilian equities anonymously through its platform.
The launch comes amid significant institutional interest in the Brazilian market, and emerging markets in general.
The addition of Brazil brings Liquidnet’s global reach to 46 equity markets worldwide and, now, six continents.
“Over the past few years, we’ve focused our expansion efforts on emerging markets around the world, including the launches of India, Taiwan and Pakistan,” says Brennan Warble, Head of Americas at Liquidnet. “The introduction of Brazil as
Caspian, a joint venture between institutional trading software provider TORA and blockchain advisory firm Kenetic, which is designed to bring institutional grade trade order, execution, compliance and portfolio risk management features to the crypto world, is to integrate with Coinbase to drive institutional participation in crypto currencies.
The new collaboration will enable professional investors to leverage Caspian’s full-stack of crypto trading tools across the Coinbase digital currency trading platform.
David Tattan, (pictured), is Head of European Business Development at Caspian and TORA. “The rollout of the Caspian crypto trading and portfolio management system means that, as crypto currencies increasingly become part of the investment
In an attempt to improve conduct, global financial regulators have switched their focus from imposing large fines against firms, to making individuals more accountable and improving their ability to detect misconduct earlier through data and technology.
That’s according to the annual Global Enforcement Review, now in its fifth year, published by the Compliance and Regulatory Consulting Practice of Duff & Phelps.
Duff & Phelps’ analysis of large enforcement cases collated by Corlytics, a world leader in calculating and analysing regulation as a risk, shows that total penalty amounts globally climbed by 30 per cent between 2015 and 2017 to
AcadiaSoft Inc, a provider of risk and collateral management services for the non-cleared derivatives community, has successfully onboarded all firms in-scope for Phase 3 of the five-year Initial Margin (IM) rollout onto the AcadiaSoft Hub, including the first buy-side firm to be subject to the rules.
AcadiaSoft has now successfully integrated all IM phase 1, 2 and 3 firms to its AcadiaSoft Hub platform and services.
Eight counterparty groups are in-scope for the Phase 3 of the regulatory framework established by the Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO). All of the
The US District Court for the District of Massachusetts has ruled that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency.
James McDonald, CFTC Director of Enforcement, says: “This is an important ruling that confirms the authority of the CFTC to investigate and combat fraud in the virtual currency markets. This ruling, like the one in McDonnell from Judge Weinstein in the Eastern District of New York, recognises the broad definition of commodity under the CEA, and also that the CFTC has the power to prosecute fraud with respect to commodities including virtual currencies. We will
North Capital Investment Technology (NCIT), a provider of technology services for exempt securities offerings, has launched a new custody solution for funding platforms and introducing brokers.
The new service will enable the creation and funding of specialised brokerage accounts at North Capital Private Securities (NCPS), a wholly-owned subsidiary of NCIT, to hold cash and unregistered securities that have been issued in exempt offerings. NCPS was approved as a self-clearing broker-dealer in late 2016 by the Financial Industry Regulatory Authority (FINRA), the self-regulatory authority for registered Broker-Dealers. North Capital Private Securities is an SEC-registered broker-dealer, member FINRA and SIPC.
“Today, the settlement
Broadridge Financial Solutions has appointed Les Turner as Vice President, Investor Communication Solutions International.
As part of a management role focused on operations and client service within Broadridge’s global proxy business, Turner (pictured), will work closely with product, sales and account management teams. He is based in London and reports to Demi Derem, General Manager, Investor Communication Solutions International.
Turner brings with him 30 years of highly relevant industry experience and joins from ISS, where he served as Head of Global Proxy Distribution. Turner also held senior leadership roles at Deutsche Bank and provides significant, market-leading expertise in asset
SimCorp, a provider of investment management solutions and services to the global financial services industry, has opened a new office in Tokyo, Japan which will offer the company’s full suite of integrated solutions to the country’s asset management industry.
Japan’s investment management sector is one of the region’s most developed, yet it currently faces increasing pressures to keep pace with evolving market complexities, from demographic pressures and shifting investor risk appetite to regulatory changes and ultra-low-yielding bonds. Combined, these factors now call for institutional investors to seek a larger investment universe, outside of the traditional, domestic market. With
