Briefs: Former WBC CEO Morgan to chair Chi-X, Cuscal chooses Fiserv, broker admits to home loan frau
Former Westpac chief executive David Morgan has been appointed chairman of equity market Chi-X Australia. Morgan is the executive chairman of Europe and Asia Pacific at the private equity company JC Flowers & Co. Morgan's appointment to Chi-X follows the completion of JC Flowers' acquisition of Chi-X Australia, Chi-X Japan and Chi-Tech. Morgan is also a non-executive director of One Savings Bank and Castle Trust in the UK, deputy chairman of NIBC Bank in the Netherlands, a member of the supervisory board of HSH Nordbank in Germany and a senior adviser to the board of Shinsei Bank in Japan. A former Aussie mortgage broker has admitted to eight charges brought by the Australian Securities and Investment Commission, including falsification of employment documents. Emma Feduniw (also known as Emma Khalil) submitted eight loan applications between March 2013 and February 2014, containing false borrower employment letters. The loan applications totalled A$2.7 million. Australian payments systems provider Cuscal has chosen a range of products and services from global financial services technology vendor Fiserv. Fiserv will provide Cuscal with an integrated management system, for cash optimisation, incident management and remote management of their large ATM network. By automating the monitoring and management of their multi-vendor ATM network, Cuscal will be able to more efficiently manage supply chain costs, quickly detect and resolve problems, and enable its customers to effectively manage cash in real time, all from an integrated solution suite. Canadian Imperial Bank of Commerce has mandated ANZ, CIBC Capital Markets, HSBC and NAB to arrange a covered bond investor update call later today (ie, April 6). "A potential AUD covered bond transaction may follow subject to market conditions," said a banker on the syndicate desk of one of the nominated deal arrangers. ASX-listed financial services software company Rubik Financial has appointed Stacey Hampton as Head of Human Resources reporting to Group Chief Financial Officer, Darius Coveney. Hampton joins with over ten years' experience in senior roles with the Macquarie Group, most recently as human resources business partner supporting the risk management and legal and governance groups. Other teams she's supported include finance, tax and treasury, Rubik said via a media announcement.