The new SIA-SSB company, born from the merger between Società Interbancaria per l’Automazione and Società per I Servizi Bancari, has been operative since 1 May 2007. Chairman of the new company is Carlo Tresoldi, previously central director of the Bank of Italy Treasury and Payment Systems area. The new CEO is Renzo Vanetti, previously CEO of SIA Group, and the new managing director is Gian Bruno Mazzi, previously CEO of SSB CEO. The new group is composed of SIA-SSB, the parent company, and the subsidiaries Kedrios, Perago, RA Computer, SiNSYS and TSP, which will maintain autonomous corporate structures in order to enhance the existing partnerships. Soon to be added to these is the Hungarian company GBC, purchase of which is currently pending authorization to be issued by the local market antitrust authorities. The SIA-SSB Group workforce totals 1,875 employees.
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.