Piraeus Asset Management Company (PAMCO), an affiliate of Piraeus Bank Group in Greece, has signed a contract to implement AFA AIMS, the front and back office asset management system. PAMCO joins more than 50 Asset Management companies already using AFA AIMS. AFA AIMS is a real-time Investment and Portfolio Management system designed to meet the needs of both institutional and private client fund managers. It is built on a modular approach and delivers a complete portfolio modelling and management system. It encompasses core functions such as orders, trades, settlements, cash management and reporting for management, administration and clients. The system caters for all types of instrument including equities, capital and money market assets, derivatives, property and foreign exchange.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.