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Quicken Loans has licensed Response Analytics’ Mortgage Asset Management solution to support its workflow for managing residential loans.
Quicken Loans, a 50-state, direct-to-consumer retail mortgage lender with more than 3,000 team members, is the nation’s largest online retail mortgage lender and the fifth largest retail mortgage lender overall.
Response Analytics’ software will be used by Quicken Loans when evaluating how to maximise the value of the loans it reviews for business partners.
“Response Analytics’ software will be very useful in helping us continue to evaluate our partners’ portfolios, while ensuring we continue to maintain the efficiency that has been
Law firm Fried, Frank, Harris, Shriver & Jacobson has hired derivatives lawyer Robert McLaughlin as a partner in its asset management and financial services practices.
McLaughlin, whose clients include investment and commercial banks, investment management firms, individual investors, corporations and government-sponsored entities, is the author of Over-the-Counter Derivative Products: A Guide to Business and Legal Risk Management and Documentation.
McLaughlin’s practice concentrates on financial transactions with an emphasis on over-the-counter derivatives, structured products, synthetic investments and credit extensions, as well as derivatives claim trading.
He regularly advises market participants on legislative and regulatory developments.
He has extensive experience structuring and
Deutsche Bank has hired Anita Nemes as global head of capital introduction, based in London.
She will spearhead the ongoing effort to provide Deutsche Bank’s hedge fund clients with access to institutional sources of capital, which has been one of the most significant growth areas for hedge funds since 2008.
Nemes will join the bank in October from Merrill Lynch where she was global head of capital introduction. She will report to the regional heads of prime finance sales.
Rich Herman, global head of institutional client sales at Deutsche Bank, says: “Our hedge fund client base is very
The International Capital Market Association has appointed Gilles Lindental of Louis Capital Markets to chair the ICMA France and Monaco region.
Lindental will co-ordinate ICMA’s activities in France and Monaco in support of its members, focusing on strengthening relationships between members in the region, identifying the specific concerns and interests of French members and expanding membership in France.
Martin Scheck, ICMA chief executive, says: "Gilles brings a wealth of professional experience as well as energy and enthusiasm to the chairman’s role; he will be an immense asset to the association in developing services and support for our French members.”
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment cycle…
Whilst we don’t believe the US will necessarily lead the global recovery, what is certain is that it has moved from recession to recovery and there is little evidence that the US will slip back into recession. The balance of the economic reports in the US have been positive and we believe the market is underestimating the powerful cyclical
Andrew Milligan, head of global strategy at Standard Life Investments, argues that it will take time before the effectiveness – or otherwise – of the UK’s proposed new structure financial for financial regulation becomes clear.
Anyone who flies into Edinburgh airport sees one of the great sights of Victorian engineering: the Forth Rail Bridge. This magnificent structure, built to withstand all that nature could throw at it, has an interesting history. Only a few years before, public attention had been caught by a great disaster, the collapse of the Tay Rail Bridge, with substantial loss of life. Engineers learn from
A selection of the most influential business leaders working in today’s financial markets converge on Jersey in September to take part in the Exchange’s second international business summit.
In a wide ranging agenda, the one day Summit will tackle issues affecting future investment decisions and assess the regulatory changes emerging. It will aim to clarify where the engines for global growth are and how investment professionals can manage risk in current markets..
To make the event as meaningful and thought provoking as possible, the Exchange has invited a world class line up of speakers to reflect a cross section of
The Euro Stoxx Index and its respective size indices Euro Stoxx Large, Mid and Small, have been licensed to Eurex to serve as the basis for equity index futures and options.
This is the first time that these four indices are used as an underlying for equity index futures and options contracts.
The new derivatives will become available at the end of July 2010.
"The transparent and rules based methodology of the Euro Stoxx Index and its respective size indices make them ideal instruments to measure the performance of the leading large, mid or small cap companies in the Euro-zone.
John Collins has been appointed a member at Kinetic Partners to extend the firm’s growing range of risk services.
In addition to the risk and valuation services platform, Collins (pictured) will develop a broader range of risk consultancy services to investment banks, prime brokers, asset servicers, large asset managers and hedge funds.
Kinetic Partners will offer consulting skills across the spectrum of risk: market risk, credit risk, liquidity risk, regulatory risk and reporting, operational risk, and risk control/middle office.
Collins has a strong background in risk management. He joins Kinetic Partners having founded and built Rule Financial’s risk practice
GlobeOp Financial Services, a provider of business process outsourcing, financial technology services and analytics to hedge funds and other asset managers, had assets under administration of USD121bn at 31 May 2010, an increase of nearly 50 per cent over the last 12 months.
GlobeOp added 16 new middle, back office and fund administration clients in the first five months of the year, with total AUA of nearly USD3bn.
Aggregate client fund performance has added USD5bn to GlobeOp’s AUA.
Subscriptions totalled nearly USD18bn in the first five months while redemptions and terminations were USD15bn through May.
New funds from existing clients
