Aaron Walter and Steve Stone - Global CSA Update

Aaron Walter and Steve Stone - Global CSA Update

In this conversation, Aaron Walter and Steve Stone discuss the status of CSAs from a global perspective with Robin Hodgkins, president of Castine. Topics include the current state of CSAs in the USA but focus more on how CSAs and "payment optionality" are being re-introduced to the United Kingdom. Where brokers and asset managers stand on rolling out CSAs, what actual and perceived hurdles exist, and when full use of CSAs is likely in the UK. Aaron Walter is the Head of Research Management at Janus Henderson, a global investment manager and has over 30 years of experience in research and commission management. Steve Stone is the head of the financial institutions law practice at Morgan Lewis. Steve is a recognized expert in commission management in the US, England, and Europe and represents clients before the SEC and FINRA. Robin Hodgkins is the president of Castine and has been involved in providing solutions to the CSA space globally for 25 years, both at Castine and its predecessor firm, Cogent. For more information on Janus Henderson, please visit JanusHenderson.com. For more information on Morgan Lewis, please visit MorganLewis.com. For more information on Castine LLC, including our commission management, compensation, and compliance solutions for investment managers and retail and institutional brokers, please visit CastineLLC.com

Castine Conversation - March 11, 2026 - Brijesh Malkan of Singletrack on Markets and CSAs

In this conversation we meet with Brijesh Malkan, the CEO of Singletrack. Brij has been an integral part of Singletrack for several years, both as a product manager and heading strategy before becoming the CEO of the firm. His experience with markets, CSAs, CRMs, and where AI can bring value to capital markets and beyond makes for a conversation that dives deep into many different arenas, winding up on where CSAs are heading in the UK and beyond.  Our conversation starts with Brij's background and the different firms and roles that led to where he is now, running one of the most innovative firms in the capital markets CRM and engagement space.  This conversation is with Robin Hodgkins, Castine's President. For more information on Singletrack, please visit Singetrack.com. For more information on Castine LLC, including our commission management, research invoicing, compensation, and compliance solutions for investment managers and retail and institutional brokers, please visit CastineLLC.com

Bomsi Billimoria - On Supercharging Change

In this conversation we meet with Bomsi Billimoria, Founder and President at EvoXvantage. Bomsi is a Global Transformation Executive that has spent the last 25 years at large global firms driving operational discipline and cost transformation at scale.  He founded EvoXvantage focusing on cost transformation, process optimization, AI enabled operations and technology modernization to quickly deliver measurable efficiencies and cost savings. Our conversation covers Bomsi’s background, his executive roles at large global organizations and the reasons he founded EvoXvantage.  This conversation is with Tom Smith, Castine’s Executive Vice President. For more information on EvoXvantage, please visit EvoXvantage.com. For more information on Castine LLC, including our commission management, research invoicing, compensation, and compliance solutions for investment managers and retail and institutional brokers, please visit CastineLLC.com

Doug Leo - Research Invoicing and CSAs at Raymond James

In this conversation we meet Doug Leo, the Head of Commission Management at Raymond James.    Doug's leadership at Raymond James has helped them grow to be a major player in commission management. At the same time, Doug is very involved in the invoicing for the research that Raymond James creates. Hundreds of clients require invoices for the research they consume, and Doug has expanded his remit to cover that as well.   Our conversation covers Doug's award winning childhood (!) and his work at different brokers focusing on commission management. We discuss his experience with research invoicing and his observations about the re-introduction of CSAs into the UK. This conversation is with Robin Hodgkins, Castine's President.   For more information on Raymond James, please visit RaymondJames.com. For more information on Castine LLC, including our commission management, research invoicing, compensation, and compliance solutions for investment managers and retail and institutional brokers, please visit CastineLLC.com

Castine's Team Discusses the Unbundling Uncovered CSA Conference in London - Key Takeaways

In this conversation, several members of the Castine team discuss the key takeaways from the November 5, 2025 Unbundling Uncovered conference in London.  Clive Riddle, Pedro Fernandes, Tom Smith, and Robin Hodgkins represent teams from our UK, EU, and USA groups and provide their insights on where the CSA market is headed in the United Kingdom as well as other points brought up in the conference.  The opinions made are solely those of the Castine members and do not represent any specific participant at the conference.  For more information on Castine, including our commission management, research management, compensation, and research evaluation and payment  solutions, please visit CastineLLC.com