UK-based futures firm Man Financial, the brokerage division of Man Group plc, has gone live with IT/2, the treasury management system from SimCorp. The firm said that an improvement in productivity had enabled a reduction in treasury head count of more than 25 per cent. John Wilson, Director of Treasury, said, “Having integrated IT/2 with upstream and downstream systems, processing times for the thousands of transactions we have every day have been reduced dramatically.” IT/2’s SWIFT messaging functionality was upgraded during the implementation project. All cash instructions are now issued via SWIFT with positive echoes of despatch sent to upstream systems; banks provide real-time SWIFT advices of activity on accounts, which are imported into IT/2 for real-time reconciliation; and IT/2 provides a real-time liquidity forecast over user-defined time horizons for bank and cash book positions.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.