The London-based clearing house beat seven other firms to the mandate. Meanwhile, Chi-X is in talks with other Asia-Pacific exchanges over similar deals.
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Kumar takes over from Suraj Mishra who has moved on to become regional director of partnership distribution at Prudential Corporation Asia.
Susumu Okamura takes over from Christof Kutscher, who has been running UBS Global AM's Japanese operations alongside his regional responsibilities for the past 17 months.
Chi-Won Yoon becomes head of Asian equities in Singapore, while Brad Orgill is appointed CEO of Australasia.
Nordic Financial Systems appoints Christopher Jurss as a senior technical consultant to Asian clients.
US hedge fund FrontPoint poaches vet fund managers to establish Asia strategies, while other Sofaer execs bolt.
But the move to shorten settlement times is a dead letter; the new emphasis at the SEC is on same-day affirmation.