CME Group, the derivatives marketplace, announced the following promotions, which were effective February 13:
Howard Hopkins, Managing Director, Client Development & Sales – Commericals Corporates
Hopkins leads the global team responsible for client management, relationship building and sales across the company’s commercials/corporate client segment. Before joining the company in 2007, Hopkins worked for Merrill Lynch Futures, ABN AMRO and MK brokerage. He also was a NYMEX member. He holds a bachelor’s degree in history from Fordham University.
Bob Petrowski, Promoted to Managing Director, Data Centers & Critical Infrastructure
Petrowski is responsible for overseeing CME Group’s critical facilities including the data centers, trading floors and other mission critical support spaces. He also manages the company’s document processing and security systems administration functions. Prior to joining the company, Petrowski worked for P&S; Management Co., Kroeschell Operations Inc. and L.J. Sheridan. He holds a bachelor’s degree in political science from Northern Illinois University and an MBA from Illinois Benedictine University.
Rick Romeo, Promoted to Managing Director, Financial Planning and Analysis
Romeo is responsible for leading CME Group’s financial planning and management reporting, with oversight for exchange fee systems and incentive processes. Before joining the company in 2004, he held finance roles at Household International and Ameritech. He holds a bachelor’s degree in accounting from Rosary College and an MBA degree from Northern Illinois University. He is a Certified Public Accountant.
Sesh Sundaram, Promoted to Managing Director, Software Engineering
Sundaram leads the team responsible for providing a high level of support and service for CME Group’s electronic trading systems, including performance optimization, quality testing and environment management. Prior to joining the company, Sundaram worked in a variety of financial services and technology roles in Indias in India. He holds a bachelor’s degree in engineering from Anna University in India and an MBA degree from the University of Chicago Booth School of Business.**
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.