KPMG acquires Markets IT
KPMG Australia has acquired Australian financial services technology consultancy, Markets IT.
KPMG announced the acquisition this week, saying the transaction would significantly bolster the firm's depth and scale in the burgeoning capital markets technology sector.
According to KPMG's formal announcement, Markets IT implements integrated trading, risk management, regulatory reform, trader surveillance, processing and post-trade solutions for both buy and sell-side organisations including banks, clearing brokers, central banks, investment managers and hedge funds.
Confirming the acquisition, KPMG Australia chief executive, Gary Wingrove, said it represented a very timely and strategic acquisition which supported KPMG's global capital markets strategy and its Murex-related services.
AUTHOR
Staff Writer
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
