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Wall Street's three-year effort to modernize the way billions of dollars of new corporate bonds are sold via phone, chat message or email, is making slow progress. Broad adoption of the...
Wall Street's three-year effort to modernize the way billions of dollars of new corporate bonds are sold via phone, chat message or email, is making slow progress. Broad adoption of the fintech communications platform backed by big banks called DirectBooks has so far been stymied by worries about the cost of maintaining the technology and other tech hurdles. Changing an organization's behavior is difficult and takes sustained effort, said DirectBooks CEO Rich Kerschner.
State Street Corporation announced today that Louis D. Maiuri, president, chief operating officer and head of Investment Services, will retire from State Street by early 2024. Effective January 1,...
State Street Corporation One Congress Street Boston, MA...
The OEMS provider has purchased the Hong Kong-based PMS provider—but don’t say it’s solely a play for the buy side.