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Zickwolff steps down as CEO for CCP12
24 September 2020 Shanghai
Reporter: Natalie Turner

The Global Association of Central Counterparties has appointed Teo Floor as its new CEO, as Marcus Zickwolff steps down

Deutsche Bank wins dismissal of Warburg’s cum-ex suit
24 September 2020 Frankfurt
Reporter: Drew Nicol

Deutsche Bank has dodged a €167 million cum-ex tax bill after Frankfurt Regional Court found it was not liable to pay for MM Warburg’s capital gains taxes

DTCC names Lisa Hershey as chief compliance officer
24 September 2020 New York
Reporter: Becky Bellamy

Reporting to Ann Shuman, DTCC’s managing director and general counsel, Lisa Hersey will be responsible for leading the firm’s compliance function

Deutsche Boerse's withdrawal from regtech raises concerns, says Cappitech
23 September 2020 London
Reporter: Natalie Turner

As the second regulatory service provider to leave the market this year, DB’s hub sale to MarketAxess is expected to inflate pricing and put pressure on clients to align with a single provider

MarketAxess snaps up Deutsche Boerse’s Regulatory Reporting Hub
23 September 2020 Frankfurt
Reporter: Drew Nicol

MarketAxess says acquiring the Regulatory Reporting Hub will help to further expand and enhance its established services particularly in Germany, France and the Nordics

Phil Buck resurfaces at Ediphy
23 September London
Reporter: Drew Nicol

Ediphy aims to be a one-stop partner for achieving best execution across a multitude of liquidity sources

CloudMargin achieves $15 million capital raise
22 September 2020 London
Reporter: Rebecca Delaney

Deutsche Boerse, Deutsche Bank and Citi were among the primary investors that raised $15 million for the cloud-based collateral management solutions provider

Thailand to lift short selling restrictions
22 September 2020 Thailand
Reporter: Natalie Turner

PASLA has welcomed the Stock Exchange of Thailand’s decision to remove the uptick rule on short selling from next month and are encouraging other Asian markets to follow suit

Delta Capita makes senior hire in Asia
22 September 2020 Singapore
Reporter: Rebecca Delaney

Delta Capita has appointed Jerry Ngo as vice chairman for Asia, based in Singapore

Broadridge’s Paul Wilson gets new EMEA/APAC brief
22 September 2020 London
Reporter: Natalie Turner

Wilson’s previous role as account manager has been snapped up by Lisa Pickup, who has spent the past 14 years with Credit Suisse as a securities lending trader

EC adopts time-limited equivalence decision for UK CCPs
21 September 2020 Brussels
Reporter: Rebecca Delaney

The European Commission has adopted a time-limited decision to allow financial market players 18 months to reduce their exposure to UK central counterparties

Marsco launches securities lending programme with new chief
21 September 2020 New York
Reporter: Drew Nicol

The US online brokerage launched its securities lending programme in July — following its acquisition by Tiger Brokers — and wooed away Philip Sercia from TradeStation to run its new business