First Data, a global leader in commerce-enabling technology and solutions, announced today that Ivo Distelbrink will join the company to lead its business in the Asia Pacific (APAC) region. Reporting to Chairman and CEO Frank Bisignano, Distelbrink will be based in Singapore and will also serve on First Data’s Management Committee.

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management today announces the successful implementation of its Numerix Oneview Risk solution at the first Thai bank with the highest market capitalization, Siam Commercial Bank (SCB). SCB sought to integrate Credit Valuation Adjustment (CVA) into their risk management practices.

On October 15^th, Treasurers investing in prime (i.e. non-government) money market funds will face the consequences of the SEC’s 2a-7 reform on money market funds. The most talked about impact of this legislated reform is the introduction of a floating net asset value for these prime funds. In fact, in the 2016 AFP Liquidity Survey respondees were not only talking about it, but suggesting they would abandon prime funds for the perceived safety and liquidity of government funds or bank products.

Despite utilizing an increasingly wide array of IT suppliers, the majority of Nordic companies and organizations do not have a model for integration and management of IT services (Service Integration and Management - SIAM). Almost every fourth organization state that they have no coordinating system in place at all. This is concluded in a new study conducted by the analyst company IDC on behalf of software and services company Tieto.

Northern Trust has established a securities lending trading desk and appointed a senior foreign exchange sales representative in its Sydney, Australia office. This latest announcement underlines Northern Trust’s continuing expansion across the Asia-Pacific region.

“We are delighted to establish a capital markets presence in Australia,” said Dane Fannin, head of capital markets, Asia-Pacific Northern Trust. “Growing Northern Trust’s geographic footprint in the region maximizes trading capabilities and service for our clients.”