People Moves: Refinitiv, Apex, Connamara Systems, Ascertia

A look at some of the key "people moves" over the past week, including Renaud Oury (pictured), who joins Apex.

Renaud Oury, Apex

Former HSBC Exec Joins Contineo As CTO

Contineo, a Hong Kong-based open messaging platform for order management and price discovery, has appointed Franck Lerak as chief technology officer. Lerak’s role is to lead the firm’s technology teams as they continue to expand beyond its buy-side client base to investment counselors and relationship managers, as well as capitalize on new offerings, such as a lifecycle module and analytics tools.

Lerak joins from HSBC, where he was global head of equity

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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