FIX Protocol Limited (FPL) has launched a new reduced cost membership category that aims to encourage firms located within emerging markets to join and become active participants within FPL.

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US investment firm Steel Partners has appointed ex-Morgan Stanley head Mark O’Friel as managing director of its Japanese business.

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Axis Bank, India’s third largest private bank, has selected Misys’ treasury and capital markets solution, Summit FT, in order to deal with the growth in interest rate, credit and FX derivatives.

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Bravura Solutions has signed a five year deal with wealth management and estate services company Equity Trustees to upgrade its business from its investment administration system Complete Investment Manager (CIM) to Bravura’s portfolio administration solution, Garradin.

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Linedata Services has appointed Andrew Miller as head of its Asian businesses with a mandate to significantly expand the company’s presence in the region.

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This month I received clarification from our readers that despite years of hearing its doom foretold, STP is not yet dead and buried. In fact, it’s a key driver for investment in reference data management solutions, according to more than half of the respondents to Reference Data Review’s recent online readers’ poll.

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JPMorgan has hired David Suen as managing director in its Hong Kong office to focus on equity origination in the Chinese market. The bank has also hired Vinay Menon as an executive director in its Indian office to be responsible for JPMorgan’s equity capital markets business.

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Global fund of hedge funds group Financial Risk Management (FRM) has hired Au King-lun as CEO of its Hong Kong subsidiary, FRM Hong Kong Limited. Au will lead FRM’s business efforts in Asia ex-Japan and Korea, as well as heading the newly opened Hong Kong office.

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Tullett Prebon Information (TPI), the data subsidiary of Tullett Prebon , has appointed Andrew Reeve as regional manager for Asia Pacific, reporting to Frank Desmond, head of Europe and Asia Pacific.

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Despite Nordic multi-lateral trading facility (MTF) Burgundy having taken some 18 months to formally unveil its plans to launch a consortium-backed alternative trading venue for large cap stocks and SME’s in the region, the chances of the venture’s success and providing improved tariffs over incumbent Nasdaq OMX are described as “favourable to good”, a Swedish broking expert claims.

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Credit Suisse is setting up operations in Pakistan with an office in Karachi, with a view to enhancing its equity research coverage of Pakistani companies. The bank has appointed Farid Ahmed Khan to head its equity research and sales platform in the country, which it hopes to extend into a full broker-dealer operation by the start of 2009.

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Thailand’s Thanachart Bank Company Limited (TBank) has signed a seven year outsourcing deal with IBM for US$60 million, as part of its plans to increase its IT capacity and better meet its customer’s needs.

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Following last month’s announcement about the establishment of HKMEx, a Hong Kong-based commodities exchange, Financial Technologies has revealed plans to establish a similar venture in Singapore. Indian-based Financial Technologies, which specialises in the establishment and operation of exchanges, has said that its new exchange will complement the country’s OTC trading of commodities.

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HSBC has appointed Hitendra Dave as the sole head of global markets in India, following the transfer of fellow co-head Anand Krishnamurthy.

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ING Investment Management has appointed Alan Harden as CEO of the Asia Pacific region; he will also join the global management board and become a member of ING Group’s management council. Based in Hong Kong, he will report to Hans van der Noordaa, a member of ING Group’s executive board and chairman of its Asia Pacific insurance business.

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Aim Software, FISD and Interactive Data have launched their fifth international reference data management survey, which aims to find out the challenges and trends in this sector over the next year.

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Asian equities fund manager Atlantis Investment Management has hired Joseph Wat as a fund adviser to set up an office for firm in Singapore, where he will be based. He will also launch a fund focused on the Association of Southeast Asian Nations later this year, the firm says.

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According to a report in The Wall Street Journal, Kaven Leung, the head of Citigroup’s wealth management business, is leaving the bank. Deepak Sharma, currently chief of Citi’s non-US wealth management operations, is named as his successor in the report.

Rosenblatt Securities has appointed Xiang Li as vice president, analytics and consulting to develop new applications for customers and other technology initiatives, as part of the firm’s transaction cost analysis (TCA) group. According to the firm, he will be spending much of his time attempting to create functionality that will let Rosenblatt clients directly access and manipulate pre-trade and post-trade data.

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Bank of New York (BNY) Mellon Asset Servicing has appointed Rex Wong as a market segmentation specialist within the global product management team in Hong Kong. Wong will be responsible for market and sector analysis and defining and coordinating the implementation of future strategic growth opportunities across Asia. He will report to Francis Braeckevelt, managing director of global product management for Asia, who is based in Singapore.

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