Administrators & custodians

Growing complexity in managing collateral resulting from new CCP collateral requirements and regulatory reform is driving buy-side firms to consider outsourcing the back office function to custodians. DerivSource’s Julia Schieffer speaks to the custodians about how they are enhancing collateral management service offerings to support new needs of clients in a new marketplace.

Citi today announced that Saiid Ghobadian has been appointed EMEA Head of OpenCollateral, Citi's collateral management product solutions. The increased regulatory pressure coupled with the growth of the OTC derivatives market has resulted in an increased focus on collateral management and Mr. Ghobadian's appointment strengthens Citi's capabilities in this sector. 

Citi today announced the appointment of Reto Faber as head of Direct Custody and Clearing (DCC) in Europe Middle East and Africa (EMEA).

GlobeOp Financial Services (LSE:GO.) has appointed Eamonn Greaves as head of business development. Greaves reports to Hans Hufschmid, chief executive officer, and is based in the company’s New York City headquarters.

Greaves is a managing director at GlobeOp and previously led the company’s Hartford, CT office, with responsibility for regional fund accounting and operations. 

Northern Trust announced today it has introduced a new ad hoc query that gives clients access to more detailed information on the Terms and Conditions of Over the Counter (OTC) derivatives instruments.  

Available to both asset managers and asset owners via Northern Trust’s multi-faceted online platform, Passport®, the new Holdings - Derivatives Detail query includes new data elements that are specific to the Terms and Conditions that define the trades for over the counter swaps, credit default swaps, options and swaptions.

BNY Mellon, the global leader in investment management and investment services, has announced the appointment of Jim McEleney as chief operating officer for Europe, Middle East & Africa, based in London.

The EMEA region represents 26% of BNY Mellon's global revenues(1) and the company employs over 9,000 staff across 16 countries within the region.

McEleney was formerly CEO of BNY Mellon's operations in Pune India and a member of the company's Asia Pacific Operating Committee.

State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today announced that it crossed the $10 trillion mark in client assets serviced by the firm’s investment analytics team. In addition to this milestone, enhancements were added to the risk and analytics offering including new functionality for online and UCITS reporting and attribution dashboards. 

Solution delivers scenario and factor stress testing using multiple risk models

Northern Trust (Nasdaq: NTRS) has enhanced its asset and liability risk reporting to help its pension fund clients across the globe monitor their coverage ratio risk over different time horizons. The reporting uses multiple risk models to deliver scenario and factor stress testing data and is particularly appropriate for the Dutch market where it supports clients’ requirements for risk reporting compliant with FtK regulations. 

Additional coverage available internationally in response to increased demand for valuations for Islamic Finance assets

Interactive Data Corporation, a leading provider of independent pricing and valuation services, today announced that it has expanded its agreement with Bond Pricing Agency Malaysia Sdn Bhd (BPA Malaysia), a leading national bond pricing agency.   

Citi’s Global Transaction Services today announced its appointment of Sam Ahmed to head of Collateral Management Sales for Asia Pacific. Ahmed joins Citi from Merrill Lynch in Singapore where he managed regional Collateral Management and Derivatives Client Services teams for the private banking division.