GE Asset Management Incorporated (GEAM), the investment management arm of the General Electric Company, has licensed Principia Partner’s Principia System. Initially, GEAM will use Principia System to process derivatives that hedge assets in their portfolio management business. GEAM plans to utilise the system’s straight-through-processing capabilities for managing trades from deal entry through to accounting. Users of the system will be able to structure and capture a broad range of instruments, perform risk analysis and hedge effectiveness testing, as well as deliver FAS 133 derivatives hedge accounting and reporting, said Principia.
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.