Latest News
Laven has added to its compliance and operations consulting team with the appointment of Priscilla Babs as a Senior Consultant. Babs joins Laven’s GDPR team from BlueBay.
Babs has extensive experience working on global GDPR projects and other regulatory compliance matters. In her previous positions she worked on ensuring that business processes, policies, procedures and systems comply with the GDPR regulations. She has a great track record of successfully conducting GAP analyses, data flow mapping, recording of processing activities, conducting third party assessments as well as implementing the solutions across all business units.
Babs has previously worked at the Standard
Donnelley Financial Solutions, a provider of risk and compliance solutions, is partnering with index and analytics provider MSCI to provide a reporting solution for investment managers and fund administrators that complies with new Securities and Exchange Commission (SEC) modernisation requirements.
With the SEC’s Reporting Modernisation Rules, which go into effect on 1 June 2018, US mutual funds and other registered investment funds are required to gather more extensive information at a higher frequency – including additional reference and taxonomy data and risk metrics – to meet their monthly Form N-PORT requirements. Under the agreement, MSCI will provide financial market data
Duco, a data engineering technology company, has launched a new version of its self-service reconciliation solution, Duco Cube.
The new Hybrid SaaS solution behaves like Duco’s cloud-based Software as a Service, while being deployed on modern private or public cloud infrastructure operated by Duco’s clients.
Duco assumes all testing and upgrade responsibility. Duco’s banking clients will benefit from monthly releases, continued innovation and the ability to scale without projects, without having to externalise their data.
Julian Trostinsky has joined Duco as VP Global Services and is taking ownership of Hybrid SaaS. Julian was previously at Citi, Bank of
Ogier has promoted Richard Bennett from the firm’s London based investment funds team to managing associate.
Bennett (pictured), who has been with Ogier since 2011, is a Registered Foreign Lawyer regulated by the Law Society of Hong Kong, and worked at Hogan Lovells and the UK Financial Services Authority before joining the firm.
He specialises in licensing, fund structuring and restructuring and financing arrangements under the laws of the British Virgin Islands and Cayman Islands for private equity and hedge fund clients.
Nicholas Plowman, the practice partner of Ogier’s Hong Kong office, says: “Ogier’s Caribbean funds team continues
The Standards Board for Alternative Investments (SBAI) has established a North American Committee of leading alternative investment managers and institutional investors to direct the SBAI’s efforts in the region.
The SBAI is supported by approximately 200 alternative investment managers and investors overseeing USD3 trillion.
Members of the SBAI North American Committee will include: Jane Buchan, CEO, PAAMCO; Clint Carlson, President & Chief Investment Officer, Carlson Capital; John Claisse, CEO, Albourne Partners; Tom DeVita, COO & CFO, MKP Capital Management; Samantha Foster, Managing Director, University of Southern California; Ed O’Reilly, Senior Managing Director, Citadel; Russell Read, CIO, Alaska Permanent Fund;
Quantile Technologies (Quantile) has completed the world’s first live multilateral counterparty risk reduction run in the OTC equity derivative markets.
The new service reduces exposure using risk-reducing trades generated from proprietary optimisation technology. Six major global banks participated in the initial run, which targeted initial margin reduction between participants.
This development marks a major expansion of Quantile’s cross-asset class services which now comprise multilateral risk reduction services in foreign exchange, rates and equity derivatives; these complement its compression offerings, designed to eliminate redundant notional and trade count. The Quantile equity derivatives service, together with its rates and FX equivalents,
Itiviti AB has completed its merger with ULLINK as of 14 March 2018. The combined company now has annual sales exceeding USD200 million, 1,000 employees and local presence in major financial markets across Europe, Asia-Pacific and the Americas.
The intention to combine Itiviti and ULLINK was jointly communicated by the companies and owner Nordic Capital on 28 November, 2017.
The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.
“Torben Munch’s leadership has been instrumental for shaping Itiviti’s organisation from a diverse group into a unified team and for developing a solid, coherent offering
Asia Pacific Exchange (APEX) is to launch a new and customised clearing system for OTC and exchange-traded markets, delivered by Cinnober.
Based on TRADExpress RealTime Clearing, APEX’s new derivatives marketplace will aim to provide a complete end-to-end solution for the post-trade value chain.
This follows the news that APEX has received licenses from the Monetary Authority of Singapore to operate a derivatives exchange and clearinghouse. APEX, backed by Chinese investors, is scheduled to open during the second quarter of 2018 with USD-denominated physically-delivered palm olein futures as its first contract.
APEX will be Singapore’s third derivatives exchange after
Investment management business Fidante has acquired a minority stake in Latigo, a fund manager specialising in event-driven investing. As part of the transaction, the Life division of Fidante’s parent company, Challenger Limited, has made an investment in Latigo’s funds.
Founded in 2005 by David Ford (pictured), and David Sabath, Latigo has focused on building a unique offering in event-driven investing. Latigo’s strategies include distressed securities, special situations and long/short credit and equity investing.
Partnering with Latigo is consistent with Fidante’s strategy of expanding alternatives offerings. Fidante invests in specialist investment managers with differentiated strategies where active investment management skills can
TradingScreen (TS) has appointed Surika Vosloo as European Product Manager. In this role, Vosloo will focus on strengthening and extending TradingScreen’s product offering in Trading and Analytics.
Vosloo (pictured), brings nearly a decade of industry experience to TradingScreen and a proven record in client relations and project management. Previously at FlexTrade, Vosloo built and delivered products for some of the biggest asset managers around the world, oversaw global implementations of products and realised several procedural and architectural changes to improve time-to-market.
“Surika will bring deep insight and add tremendous value to our team and our product,” says Quentin Limouzi,
