Well, that was the week that was… End of another tough quarter and I would sum up the mood as “indifferent cautious worry”. Short comment this morning because a proper breakfast has arrived, and I’m mid-trade..
Societe Generale Securities Services (SGSS) has appointed Massimiliano Notarianni as global head of sub-custody network management. Previously head of ptovider monitoring and change, he reports to Didier Rolland, global head of securities banking operations, and replaces Mathilde Guérin, who has been appointed deputy head of product engineering.
Massimiliano Notarianni will be responsible for developing and managing both SGSS and the Corporate & Investment Bank’s sub-custody relationships globally. He will also be tasked with delivering high quality solutions to respond to client requirements, specifically in terms of asset protection and market information and intelligence.
In her new role, Guérin will be responsible for developing and enhancing SGSS’ securities service offering, from design to implementation, in collaboration with operational business lines and support functions, reporting to Etienne Deniau, head of product engineering.
Both appointments are based in Paris and effective immediately.
As reported last week, private equity fund administrator Ipes is working to raise the profile of ID Register, its new online platform which has been designed to make the Know Your Client (KYC) process quicker, easier and more cost-effective.
Societe Generale Securities Services (SGSS) has been mandated by KELER, the Hungarian central securities depository, to facilitate connection to the Target-2-Securities (T2S) platform providing access to liquidity management and collateral transformation solutions for T2S, the European platform for securities settlement.
BNP Paribas Securities Services reports today that, having managed the operational aspects of specialist software provider Talend’s initial public offering (IPO) on the NASDAQ Global Market in July 2016, it now provides the company with shareholder services.
Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages and payments, says it has been chosen by Finexus to provide key message transformations in complex multicurrency Real-time Gross Settlement (RTGS) System implementations. Finexus is a Malaysian-HQ and Asia Pacific region-based digital payment solutions and services provider.
Finexus and Volante’s first project in the region is a significant multi-year implementation at a central bank, is part of a larger, global internationalisation and modernisation process, to build and maintain Real-time Gross Settlement (RTGS) and Scripless Securities Settlement Systems in the Asia-Pacific region.
I priced a small coat rack in Homebase in Milton Keynes yesterday. They had one at £20 and another at £25. Just bought one very similar in B&M for £6.99. No More Nails, about £8 in Homebase (IIRC) was £3.99 in B&M.
Killing some time in Tesco, I spotted an HP343 cartridge, the kind I use in my printer in Wengen, for £26. That is downright outrageous, bordering on the criminal...and let's now speak of Waitrose charging £8.99 for a bottle of red wine that B&M sells for £4.99...
I've just read an obituary in the Financial Times of Michael Thompson-Noel, for whom I used to work occasionally on a casual basis as one of the regular writers who helped with the Weekend FT's sports coverage in the mid-80s (I shared football writing duties with Philip Coggan, son of a former Archbishop of Canterbury).
I read the obituary with some interest. I greatly enjoyed working with him, up to a point as if he felt you had let him down, he never forgot.
My last commission for him was to write a round-up of the just-finished Scottish football season. After it didn't appear on the expected weekend, I rang to ask why. It just seemed a bit of a round-up, he replied. I'm still baffled...
SIX Securities Services, the post-trade infrastructure operator for the Swiss financial sector, and Digital Asset Holdings, a developer of distributed ledger technology for the financial services industry, say they plan to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial market, with an initial prototype for securities lifecycle processing.
The London Stock Exchange Group (LSEG) reports that ELITE, its international programme for ambitious high growth businesses, has signed a Memorandum of Understanding (MoU) with Bank Hapoalim, Israel’s leading financial services group. ELITE and Bank Hapoalim will collaborate to support the development of Israeli high growth businesses and promote ELITE in Israel.
As the European Securities and Markets Authority (ESMA) approaches the closing of its consultation on asset segregation and custody services tomorrow, Ross Whitehill, head of strategic regulatory office for EMEA, BNY Mellon Markets, has offered up the following comments.