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Blackrock Chooses BNY ESI Technology

The Bank of New York announced that BlackRock, Inc. has implemented BNY ESI & Co., Inc.'s TEAMTrader trade management system. BNY ESI is the agency brokerage subsidiary of The Bank of New York. One of the largest publicly traded investment

ADP Launches New Global Proxy Voting Tool

ADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing's Brokerage Services Group, has launched its new generation of proxy services for global markets, ICS Global. Previously known as Global Proxy Services, ICS Global provides outsourced worldwide proxy

Computershare Wins Two New Accounts

Computershare has been appointed to run the share registry and employee share plans of First Active plc, the Irish financial services provider, and the share registry of Millwall Holdings plc. First Active has the largest share register in Ireland, with

ABN AMRO Withdraws from Retail Banking in the Philippines

ABN AMRO has reached agreements to sell its consumer banking business in the Philippines to BPI Family Bank and Robinsons Savings Bank, a subsidiary of JG Summit Holdings. The sale is subject to the approvals of the Bangkok Sentral Pilipinas

Japanese Pension Fund to Up Overseas Allocation

News that the Japanese Government Pension Investment Fund asset to allocate a large chunk of its Yen 9 trillion ($70 billion) of assets to overseas securities in 2002 may be bad news for Yen bulls. But it is good news

CFO Ronald O'Kelley to Leave State Street

State Street Corporation announced today that Ronald L. O'Kelley, executive vice president and chief financial officer, has decided to leave the company for personal reasons. Stefan Gavell, executive vice president, will assume the role of CFO on an interim basis.

Money Managers to Reveal Transaction Costs

Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff

Survey Selects FXall as Multi-Bank Portal

FXall has confirmed its position as the leader among multi bank portals in a comprehensive survey by Global Investor, published in the March edition of the magazine. Global Investor the leading magazine for institutional investors, intermediaries and fund managers globally

BNY Buys Boston-Based Fund Manager

The Bank of New York today announced that it has signed a definitive agreement to acquire Gannett Welsh & Kotler, Inc, a privately held asset management firm based in Boston, Massachusetts. Terms were not disclosed. The transaction confirms the Bank's

Deutsche Analytics Adds to Pension Fund Gloom

Deutsche Bank's Performance Analytics group, part of the Bank's Global Securities Services unit, has determined that in 2001 midsize US defined benefit pension funds in the ICC Universe achieved median returns of 1.5% for midsize public plans, 2.8% for midsize