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Donna Milrod joins DTCC


24 August 2012 New York
Reporter: Georgina Lavers

Donna Milrod will join The Depository Trust & Clearing Corporation (DTCC) as chief administrative officer, effective mid-October. She will report to president and CEO Michael Bodson...
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New head of securities and fund services at Citi


24 August 2012 London
Reporter: Georgina Lavers

Sanjiv Sawhney will be Citi’s new head of securities and fund services for the EMEA region. In this new role, Sawhney will lead the growth of Citi’s regional securities...
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OpenLink acquire CubeLogic


23 August 2012 New York
Reporter: Jenna Jones

Technology solutions company, OpenLink, has announced the completed acquisition of CubeLogic. OpenLink plans to showcase the new CubeLogic range of business solutions later this year at its user conference in Montreal...
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Nomura acquires additional QFII quota


23 August 2012 Tokyo
Reporter: Jenna Jones

Nomura Asset Management, a wholly owned subsidiary of Nomura, has acquired an additional quota under China’s qualified foreign institutional investor programme (QFII)...
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Nomura makes FX and fixed income appointments


23 August 2012 London and Hong Kong
Reporter: Jenna Jones

Global investment bank Nomura has named Jai Rajpal as its new senior managing director and global head of foreign exchange. He will be based in London...
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Bravura Solutions signs 10-year deal with BNY Mellon


23 August 2012 London
Reporter: Jenna Jones

Financial software solutions company Bravura Solutions has signed a 10-year deal with BNY Mellon. The contract sees BNY Mellon continue the consolidation of its transfer agency technology onto Bravura’s platform...
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ISDA and Markit introduce Dodd-Frank compliance solution


22 August 2012 New York
Reporter: Jenna Jones

The International Swaps Derivatives Association (ISDA) and Markit have jointly released ISDA Amend, a technology solution that helps swap market participants to use ISDA's Dodd-Frank (DF) Protocol to comply with regulatory requirements...
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Pension fund separates sec lending from custody


22 August 2012 Austin, Texas
Reporter: Mark Dugdale

Texas Municipal Retirement System had named Deutsche Bank as its securities lending agent and rehired State Street as its global custodian...
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SWIFT realises key T2S landmarks


22 August 2012 Brussels
Reporter: Georgina Lavers

SWIFT has completed the proof of concept phase of development of its value-added network solution for T2S. “This is a critical milestone in the delivery of SWIFT’s solution...
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LCH.Clearnet acquires IDCG


21 August 2012 London
Reporter: Jenna Jones

LCH.Clearnet Group has acquired International Derivatives Clearing Group (IDCG) from the Nasdaq OMX Group, reinforcing its presence in the US...
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SS&C GlobeOp sees investors wary of hedge funds


21 August 2012 London & New York
Reporter: Georgina Lavers

The SS&C GlobeOp Forward Redemption Indicator for August 2012 measured 3.34 percent, up from 2.18 percent in July and reflecting increased investor demands to exit hedge funds...