GATX Corporation named Eric Harkness as vice president, treasurer and chief risk officer (CRO).
Previously, he was vice president and CRO at the Chicago-based railcar leasing company. Harkness began his career with GATX in 2007 as a senior investment risk officer. Prior to joining GATX, he held a variety of roles within the financial services industry.
Harkness received his Bachelor of Science (BSc) degree in Business from Indiana University and his Masters of Business Administration from The University of Chicago Booth School of Business. He is a Certified Public Accountant (CPA), a Chartered Financial Analyst (CFA) charterholder and a member of the Investment Analysts Society of Chicago.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.