Description - Corporate Actions by Michael Simmons
Corporate actions - events such as splits, mergers and acquisitions, which bring material changes to a stock - are a vitally important, yet little understood area of securities operations. Recent years have seen huge growth in the awareness of banks of the implications and risks of corporate actions - which in turn has driven industry organisations to focus on the improvement of corporate actions operations Written by two industry experts this is the only book to demystify and examine this important and specialised area of securities operations. Beginning with a thorough overview of the subject, it provides coverage of all the major components, events and developments in the field, and will give the reader a practical operational understanding of the management and impact of corporate actions.
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(250mm x 181mm x 31mm)
John Wiley & Sons Ltd
Publisher: John Wiley and Sons Ltd
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Book Reviews - Corporate Actions by Michael Simmons
Author Biography - Michael Simmons
MICHAEL SIMMONS has spent the majority of his working life within the operational areas of international investment banks, most notably within the S.G. Warburg group in London. Having gained a detailed understanding of various back office tasks through many years of hands-on experience, he assumed managerial responsibility for a number of operational areas. In recent years, Michael has worked as head of business consultancy within a global computing services firm, and is now an independent analyst and trainer. Michael's areas of expertise include all aspects of the fixed income and equity trade lifecycle and related activities, including operational risks and controls. Recent assignments include the offshoring of operational activities to India and operational risk analysis (the Sarbanes Oxley act). In addition, he creates and delivers training courses on the workings of the securities industry and associated operational aspects to audiences around the world. Michael is author of Securities Operations: A Guide to Trade and Position Management published by John Wiley & Sons, which describes the fundamental components of operational activities from a first-principles perspective. ELAINE DALGLEISH has spent her working life within the operational areas of investment banking and stock broking, working directly for international banking firms and financial software providers. Elaine's hands-on experience spans various middle and back office operational disciplines in multiple markets. Whilst working directly in investment banking and stock broking, this has ultimately included the managerial responsibility for a number of operational areas. The focal point of Elaine's working history is the consistent involvement with Corporate Actions operations, initially with the manual processing of events as a custodian, and subsequently working as a Senior Business Analyst, specialising in Corporate Actions, analysing client requirements, and consulting in process re-engineering for Tier 1 and 2 investment banks. As a consequence, Elaine has both observed and been directly involved in the evolution of global market practices of Corporate Actions operations and the move to automation.