The New York office of investment bank Dresdner Kleinwort Wasserstein has signed a multi-year agreement to outsource its fixed-income trade processing to ADP Brokerage Services Group. Dresdner will use ADP’s impact solution that provides fixed-income support to the financial services marketplace. Previously, Dresdner had used a licensed system from ICI/ADP. The decision to move to a service bureau solution was made in order to reduce total operating costs as well as to upgrade to the latest version of the impact system. The latest version includes a browser-based interface for back-office users.
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.