Citi has enhanced OpenCollateral to provide asset managers with automated collateral position reconciliation via SWIFT. This requires fewer collateral accounts and reduces the number of collateral instructions...
J.P. Morgan Chase has appointed Carlos Hernandez as head of investor services. The firm has also announced new leadership for the corporate and investment bank division that was formed in July 2012...
BNY Mellon subsidiary and prime broker Pershing LLC has launched a Canadian affiliate, Pershing Securities Canada Limited, and opened a new offiice in Toronto as it bids to increase its presence in the Canadian market...
Hedge fund assets that are available for prime custody services stood at $684 billion in August 2012, increasing by 40 percent since 2010, according to a new report...
Texas based broker dealer, Prospera Financial Services has started using SunGard鈥檚 protegent social media surveillance program to monitor its advisor鈥檚 online activity on social media sites including Facebook, LinkedIn and Twitter...
The three primary business lines of M&I Institutional Trust Services have been rebranded to reflect their integration into Canadian firm BMO Global Asset Management...
Zurcher Kantonalbank has snapped up Raphael Zemp as a vice president and trader for its prime finance team. He will work on the fixed income and financing side of the business...