Goldman Sachs Asset Management has launched a new European cash management platform that enables corporate treasurers and financial institutions to trade funds from a range of providers on one single platform. GSAM’s Global Cash Services multi-fund portal has attracted $24bn in assets under management since its 2001 launch in the US and is now being introducing to the European market. Non-GSAM products available to European institutions via the platform from the end of April 2004 will include fund families from Invesco Asset Management, Citigroup Asset Management, Federated International Management and Mellon Global Management. Discussions with further potential third-party fund providers, including JP Morgan and the Royal Bank of Scotland, are ongoing. Features of the platform include real-time execution with a range of counterparties via one secure Internet connection, consolidated reporting, statements and settlement across fund families and integration with treasury workstations via SWIFT messages. ‘The addition of other fund providers to complement GSAM’s existing funds on the platform presents treasurers with a new way of managing cash. We anticipate being able to offer access to 60-80% of offshore money market fund liquidity in USD, EUR and GBP in the coming months,’ said Andrew Ellis, Head of Global Cash Services in Europe at GSAM.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more