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MarketAxess names Concannon as CEO
09 January 2023 US
Reporter: Carmella Haswell

Chris Concannon will become the firm’s new CEO on 3 April 2023, taking the reins from current CEO and chairman Richard McVey

Nadine Chakar leaves State Street
09 January 2023 US
Reporter: Lucy Carter

Software firm Securrency has named Nadine Chakar as CEO, effective from 9 January. She replaces Securrency founder Dan Doney, who will now serve as chief technology officer

South Street Securities welcomes new board members
06 January 2023 US
Reporter: Carmella Haswell

Mark Lawrence, managing director at BlackRock, Roland Hlawaty, former partner at Milbank Tweed, and Ted Goldthorpe, head of credit at BC Partners, will join the board of directors

OFR proposes daily trade reporting for bilateral repo
06 January 2023 US
Reporter: Bob Currie

Under the Proposed Rule, firms will be required to submit trade and collateral information on all outstanding bilateral repo transactions, providing 33 data elements, including haircut, rate and optionality, on a daily basis

OCC cleared securities lending transactions up 24.9% for 2022
05 January 2023 US
Reporter: Carmella Haswell

Securities lending transactions cleared on the OCC platform in 2022 jumped 24.9 per cent YoY to 2,319,800

Standard Chartered hires Heale
05 January 2023 UK
Reporter: Carmella Haswell

Nick Heale joins the digital assets team at Standard Chartered Bank, where he will assist with the operational build-out for digital assets

Global securities lending revenue up 6.6% YoY for 2022, says DataLend
04 January 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$9.89 billion in revenue for lenders in 2022, a 6.6 per cent increase from 2021, according to DataLend

Citi hires Sullivan-Williams
03 January 2023 UK
Reporter: Carmella Haswell

Sorcha Sullivan-Williams has joined the firm’s London office as senior vice president and digital assets product manager for securities services

SWIFT welcomes Stephen Grainger
03 January 2023 UK
Reporter: Jenna Lomax

Grainger will be responsible for overarching direction and growth, focusing his efforts on further developing strategic customer relationships

SMBC Nikko Securities Americas hires Langworthy
03 January 2023 US
Reporter: Carmella Haswell

As part of the expansion of its equity business, SMBC Nikko Securities Americas has appointed Ted Langworthy as executive director and head of the equity finance team

KDPW releases new OTC derivatives clearing system
23 December 2022 Poland
Reporter: SFT

This OTC clearing module offers new proprietary enhancements to clearing members, including trade compression, improved risk management functions and valuation procedures

Global PSSL for UN Pathways to launch 3P Transparency
22 December 2022 Global
Reporter: Carmella Haswell

The 3P Transparency project is expected to provide a long-term foundation for collaborations and include guidelines for letters of intent, memoranda of understanding and apportionment of financial costs