The BISYS Group, Inc. said that Jose Suquet will resign as Group President of BISYS' Insurance and Education Services Group to return to a senior executive role with a major insurance carrier or other financial institution. Russell Fradin, BISYS' President
ABN AMRO said that Indover Bank has gone live as a Continuous Linked Settlement (CLS) third party participant, the first bank in the Netherlands to do so, ABN AMRO said. Indover's operation in Hong Kong is expected to go live
Ken Thompson, chairman and CEO of Wachovia Corp, was named chairman of the board of The Clearing House. Comprised of chief executives from the nation's largest banks, the Board oversees the strategy and direction of The Clearing House. Mr. Thompson's
Japan's Ministry of Finance has eased restrictions on the conditions surrounding holdings of discount short term Japanese Government Bonds (TB FB) as of April 1. Sovereign, foreign corporations and certain trusts funds are now able to hold TB FB through
Credit Suisse Group has no plans to sell its Winterthur insurance business or split off its Credit Suisse First Boston investment bank, co Chief Executive Oswald Gruebel said in an interview on Tuesday. "I see no requirement there," Gruebel said
Putnam Investments' top lawyer, who knew about improper trades at the firm before regulators began probing it, will leave the troubled asset manager later this month, the company said on Monday. Putnam's board of trustees found last month that Putnam's
Front Capital Systems, part of SunGard, has bought Chicago based Derivatech Risk Solutions, a provider of foreign exchange derivatives pricing, analytics and risk management systems. The price was not disclosed. Founded in 1996, Derivatech was privately held and has offices
Consultants Celent predict that by the end of 2007, more than 60 percent of fixed income trading will occur electronically. After three years of intense competition, bankruptcies and consolidations, the electronic fixed income market has stabilized and is poised for
Fundtech, the New Jersey based provider of payments systems, has appointed Michael Sgroe, the company's current Chief Operating Officer, as President, Chief Operating Officer. In his expanded role, Sgroe will control all global operations. "Mike has been responsible for an
New England Pension Consultants (NEPC) has selected Insignis to provide data collection and integration services. Insignis is a company that automates the back office functioning of plan sponsors and pension consultants by collecting and integrating data from money managers, brokers,