M&G plc, a global investment manager based in London, is expanding its agreement with SS&C Technologies by letting SS&C Global Investor & Distribution Solutions (GIDS) operate the M&G Platform, a distribution channel for M&G’s PruFund, in a bid to improve service delivery and operational resilience, officials say. M&G will retain full ownership of the platform… Read More >>
Broadridge Launches Glasgow Hub
Ops systems and services provider Broadridge Financial Solutions has officially launched its Glasgow, Scotland center to provide business process outsourcing (BPO) to clients located within the U.K. and European regulatory environment, officials say. “The Glasgow center has been established to meet the growing demand among financial institutions for greater operational resilience, geographic diversification, and access… Read More >>
GBST & Wipro Take On Legacy IT via Partnership
GBST and global outsourcer Wipro Ltd. have signed a partnership to help firms move off legacy investment IT and ops platforms and possibly toward artificial intelligence (A.I.) technologies, officials say. The deal unites GBST’s scalable wealth management administration platform with Wipro’s IT, business processing, and back-office outsourcing services. The arrangement will consolidate administrative services “through… Read More >>
Chartwell to Use Vestmark Offerings
Vestmark, a Jersey City, N.J.-based purveyor of advisory solutions and wealth management technology, reports that Chartwell Investment Partners (CIP) is live on VestmarkONE, Vestmark’s unified management platform, to manage CIP’s separately managed accounts, and the Vestmark business process outsourcing (BPO) solution. Chartwell is a Berwyn, Pa.-based investment firm focused on institutional, sub-advisory, managed account and… Read More >>
InfraHedge Founder to Head Barclays Unit
The founder of InfraHedge Ltd. Akshaya Bhargava will become the new chief executive of Barclays’ Wealth and Investment Management group, officials say. Bhargava, who will be joining the bank on October 13, founded InfraHedge in 2010 and later sold it to State Street Corporation at the end of 2013, officials say. Prior to InfraHedge, he… Read More >>
Avaloq Creates New Post, Appoints New CFO
The Avaloq group, a provider of business process outsourcing (BPO) services, has appointed Dr. Enrico Ardielli as group chief acquisition officer (CAO), according to a company statement. Ardielli’s previous role as group chief financial officer (CFO) will be taken over by Markus Bertini, who joined Avaloq in May 2014. The creation of the new position… Read More >>
