New York City-based Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings Inc., has chosen VestmarkONE, the unified wealth management technology platform from Wakefield, Mass.-based Vestmark, a software-as-a-service technology provider. VestmarkONE helps clients “consolidate, manage, and trade all of its advisory programs, as well as those offered through its affiliate, Oppenheimer Asset Management Inc.,” the… Read More >>
Albion Financial Group Embraces Cloud-Based Reporting
SS&C Technologies, a Windsor, Connecticut-based provider of financial software and software-enabled services, reports that Salt Lake City-based Albion Financial Group, a registered investment advisor with $900 million in assets under management, has selected its cloud-based client reporting solution. The SS&C solution, known as the Investment Management Intelligence Cloud, “aggregates data [from front, middle and back-office… Read More >>
Finpacific Joins Misys Partner Program
Finpacific Treasury Systems, an Australian treasury, risk and cash flow management vendor, has partnered with financial software vendor Misys and joined Misys’ InFusion Partner Program, officials say. Finpacific has more than 10 years of experience working with banks in the Asia Pacific region and has “deep expertise in application development and deployment, managed services, training… Read More >>
Torstone Module Targets International Trade Flow
Torstone Technology released in time for the Sifma Ops 2015 conference “a lightweight instance” of its flagship post-trade securities and derivatives processing system, Inferno, that can be used as a complementary add-on for managing international transactions, says Jonny Speers, global head for sales and business development for the back-office systems vendor. The Inferno system supports… Read More >>
IVP’s Cloud to Support Treasury 3.5
Indus Valley Partners (IVP), a solutions vendor for alternative asset managers, has released IVP Treasury 3.5 via the cloud, officials say. IVP Treasury allows managers to track, control and optimize their financing needs across counterparties, including prime brokers and custodian banks. IVP’s solution targets hedge funds that want a better understanding of how to work… Read More >>
Perseus Opens Regional HQ in Hong Kong
Perseus, a managed services, co-location and high-speed connectivity provider, has opened a regional headquarters in Hong Kong to serve Asian markets that “have been growing exponentially,” says Jock Percy, CEO of the New York-based vendor, in a prepared statement. “Hong Kong is at the center of that growth and Perseus has been planning to expand… Read More >>
Liquid Holdings Shuffles Executives
New York City-headquartered Liquid Holdings Group, a provider of a software-as-a-service-based (Saas) solutions for the investment management community, reports three senior executive management changes, effective immediately. They are: CFO Peter Kent has been promoted to CEO, succeeding Brian Storms, who will become the company’s vice chairman, providing “advice and counseling in the areas of sales,… Read More >>
Liquid Releases Mobile Portfolio Analysis App
Cloud-based solutions vendor Liquid Holdings has introduced LiquidMobile, a web-based app that allows hedge funds to manage their portfolio and conduct risk analysis and reporting across multiple funds on a mobile device in real time, officials say. LiquidMobile runs on both desktop and mobile devices, and allows fund managers to interact with historical, real-time, and… Read More >>
Hong Kong Firm Goes Live with Fidessa Platform
China Merchants Securities (CMS), a leading player in the Hong Kong financial markets, has gone live with Fidessa’s new “fully managed and outsourced” Asian trading platform, say Fidessa officials. CMS officials have “upgraded [to it] from its previous system to benefit from [Fidessa’s] expanded capabilities,” Fidessa officials say. CMS, majority owned by the People’s Republic,… Read More >>
SS&C to Buy Advent Software for $2.7B
SS&C Technologies is purchasing Advent Software for approximately $2.7 billion in cash to widen SS&C’s offerings of software technology and services, say SS&C officials. The transaction equates to $44.25 per share plus assumption of debt, both companies announced on Monday, Feb. 2. The acquisition will take place via a definitive agreement that will see SS&C,… Read More >>
