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Deutsche Bank names new Asia Pacific CEO
14 July 2016 Frankfurt
Reporter: Becky Butcher

Deutsche Bank has appointed Werner Steinmueller, current head of global transaction banking, to take on the role of CEO for the Asia Pacific region...

South Africa makes the leap to T+3
13 July 2016 Johannesburg
Reporter: Drew Nicol

South Africa’s capital market has initiated its long-anticipated settlement reform by shortening its standard cycle to T+3 from T+5, this week...

Citigroup admits to 15-year blue sheet violation
13 July 2016 Washington DC
Reporter: Stephanie Palmer

Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the SEC over a 15-year period...

Centaur expands with Bermuda office
13 July 2016 Hamilton, Bermuda
Reporter: Stephanie Palmer

Centaur Fund Services has opened a new office in Bermuda and appointed Marc Weaver to run it as COO...

PFS expands Isle of Man team
12 July 2016 Isle of Man
Reporter: Stephanie Palmer

Pacific Fund Systems has appointed two new senior staff members to the executive team, based in the new operational headquarters in the Isle of Man...

State Street joins margin settlement pilot programme
12 July 2016 Brussels
Reporter: Drew Nicol

Euroclear and DTCC have secured State Street as a participant in a pilot programme to test their joint venture’s margin settlement messaging service...

Clearing industry criticises leverage ratio
12 July 2016 Basel
Reporter: Drew Nicol

The Basel leverage ratio fundamentally threatens the business model of clearing members and will endanger the stability of the global financial markets, according to an industry letter...

Research firms partner up for easier purchase
12 June 2016 London
Reporter: Stephanie Palmer

RSRCHXchange has partnered up with Substantive Research to make it easier for asset managers to access and purchase macro investment research...

Nxt Core templates smart contracts
12 July 2016 Amsterdam
Reporter: Stephanie Palmer

Blockchain specialist the NXT Core Development Team has launched a suite of smart contract templates, designed to improve security and cut costs of coding for distributed ledger transactions...

PwC: global growth on the cards for ETFs
11 July 2016 New York
Reporter: Stephanie Palmer

The global exchange-traded fund (ETF) market is gearing up for a growth spurt, according to a survey by PwC...

University fund mandate for Northern Trust
11 July 2016 Richmond, Virginia
Reporter: Stephanie Palmer

Northern Trust has been selected to provide global custody services for the investment funds of the Virginia Commonwealth University Investment Management Company...

Leverage ratio needs omissions, say associations
08 July 2016 London
Reporter: Drew Nicol

Five financial industry associations have joined forces to express concern about the implications of including central bank cash balances within Basel III’s leverage ratio framework...