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Management of legacy technology has become a major growth opportunity, says ValueExchange
31 May 2022 UK
Reporter: Jenna Lomax

With more than 25 per cent of back-office systems aged over 20 years old, the management of legacy technology is now a major growth opportunity for brokers and banks today, according to new research from the ValueExchange

Citi appoints Caroline Chan as Hong Kong head of Securities Services
31 May 2022 Hong Kong
Reporter: Jenna Lomax

Chan will report to David Russell, Asia Pacific head of Securities Services, and Angel Ng, Hong Kong & Macau CEO and Citi global wealth Asia Pacific head

FIA Tech joins FIA Tech Databank Network
30 May 2022 US
Reporter: Jenna Lomax

Technology provider FIA Tech has created a network called the Databank Network, an initiative to bring together independent software vendors, exchanges, clearing houses and other data providers into an interoperable global network

IQ-EQ hires Sanaa Hira as sustainability manager
30 May 2022 UK
Reporter: Jenna Lomax

IQ-EQ has appointed Sanaa Hira as ESG investment analyst, as part of a wider effort to further develop its ESG agenda

SEC proposes amendments to rules concerning funds incorporation of ESG factors
27 May 2022 US
Reporter: Jenna Lomax

The U.S. Securities and Exchange Commission has proposed amendments to rules and reporting forms to promote consistent, comparable, and reliable information for investors concerning funds’ and advisers’ incorporation of ESG factors

Bosonic launches clearing and settlement solution for digital assets
27 May 2022 US
Reporter: Jenna Lomax

Blockchain network Bosonic has launched Bosonic Enterprise Solutions, a clearing and settlement capability for digital assets

BNY Mellon insurance subsidiaries receive affirmed ratings
27 May 2022 US
Reporter: Rebecca Delaney

A.M. Best, a rating agency of alternative risk transfer entities, has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) for two BNY Mellon subsidiary insurance companies

Reporting entities launch APARMA association
27 May 2022 UK
Reporter: Jenna Lomax

Six of the industry’s leading institutions have launched the Approved Publication Arrangements and Approved Reporting Mechanisms association, to be more commonly known as APARMA

Bitfrost registered as a virtual assets service provider with the GFSC
27 May 2022 UK
Reporter: Jenna Lomax

Fintech company Bitfrost has been registered as a virtual assets service provider with the Gibraltar Financial Services Commission

StonePine Asset Management selects SimCorp for investment processing
26 May 2022 Denmark
Reporter: Jenna Lomax

StonePine Asset Management has selected investment management solutions firm SimCorp to support its front-to-back office investment processing

DTCC blocks all activity to securities issued by Sberbank of Russia processed through its ITP Services
26 May 2022 US
Reporter: Jenna Lomax

DTCC has blocked all activity relating to securities issued by Sberbank of Russia via any DTCC Institutional Trade Processing service, in response to the Russian invasion of Ukraine

LPA appoints Malka to lead US business
26 May 2022 US
Reporter: Carmella Haswell

Serge Malka joins LPA as US managing director at the firm’s new office in New York, where he will accelerate LPA’s American software and consulting operation