AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced that its longtime Board Chairman Howard Edelstein has indicated he plans to step down later this year. The company plans to immediately begin a search for a replacement. Edelstein has served on the Board of AcadiaSoft since the founding of the company, either as the independent director or Board Chairman.
Wall Street Rides FAR (WSRF), the annual charity cycling/walk event benefiting the Autism Science Foundation (ASF), today announced that it will ring the NYSE Opening Bell® on August 19, 2019. The event, which was co-founded five years ago by Bryan and Melissa Harkins, has raised over $1 million to date for ASF, each year attracting some of the biggest names in the trading industry to participate.
LCR Capital Partners, a partner-owned, global investment and advisory services firm today announced that Sherman Baldwin will become the firm’s CEO effective on August 15, 2019. Suresh Rajan, LCR’s founder and majority shareholder, will transition to the role of Executive Chairman. Sherman has served as the firm’s Co-President since June 2018 and has been an important part of the team that has driven the firm’s success. LCR Capital is the ideal partner for families with US immigration and investment needs and is the industry leader in emerging markets such as Brazil and India.
CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2019. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found declines in CUSIP request volume across most major asset classes in July.
Finastra has today announced that Gravity, a new UK-based bank seeking authorization to serve SMEs with lending, credit card and deposit services, has selected Fusion Essence in the cloud for its end-to-end core banking capabilities. The cloud-based solution will support Gravity as it launches in the UK and will drive efficiency through loan and deposit book automation.