This Week: Pimco/Man Group, Microsoft & Others, Cboe, Trumid/Goldman Sachs, Fenergo, & More
A look at some of the past week’s financial technology news.
Pimco, Man Group, IHS Markit, State Street, Microsoft and McKinsey Join Forces on New Asset Management Operating Platform
Pimco, Man Group, IHS Markit, State Street, Microsoft, and McKinsey & Company announced their intention to form a new technology-led company, HUB, to build a cloud-based operating platform aimed at transforming asset managers’ operations technology.
HUB’s greenfield platform will be built by asset managers to transform the industry’s operating model by providing flexible
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