JPMorgan Sells Japan Trust Bank to Soc Gen

Societe Generale has agreed to buy J.P. Morgan Chase & Co.'s trust bank in Japan. The renamed SG Private Banking (Japan) Ltd. will manage assets of about 300 billion yen ($2.4 billion). No price was disclosed. The French bank aims

JP Morgan Wins E.ON Energie Mandate in Germany

JPMorgan Investor Services announced today that it was appointed global custodian to E.ON Energie AG, part of the Munich based E.ON AG gas, water and electricity utility. JPMorgan will be responsible for global custody, securities lending, as well as mutual

Northern Trust Introduces Data Management Tool for Clients

Northern Trust today launched Global Investor Passport, a Web portal designed to provide institutional investors with access, analysis and monitoring of multiple sources of data impacting portfolios on a daily basis. "By utilizing an information centric approach and a portal

State Street Expands Outsourcing Relationship With Seligman

State Street and New York based fund manager J. & W. Seligman announced today that they have signed a letter of intent to expand their existing relationship to include outsourcing of operations support for Seligman's $25 billion in assets under

Brazilian Government Nationalises Biggest Pension Fund

Reuters reports today that the Brazilian government has taken control of the largest pension fund in Brazil. The Pensions and Welfare Ministry announced that Previ the $15 billion pension fund for workers at the state owned Banco do Brasil will

RBC Global Services Launches Commission Recapture Product

RBC Global Services' investment analytics arm, the Benchmark(TM) Group, today announced the launch of Benchmark Commission Recapture, a product designed to help institutional investors reduce trading costs. The Benchmark Commission Recapture program rebates a portion of trading brokerage commissions back

DnB and Storebrand Inch Towards Merger

In a statement to the Oslo stock exchange today, Den Norske Bank (DnB) and Storebrand said they had agreed on all the main issues prior to a merger. The merger will protect both DnB and Storebrand from potential Nodic predators.

Pensions Out-sourcer Adepta Re-names Itself

Liberata Life, Pensions & Investments is the new name for what was formerly known as Adepta, the business process outsourcing specialist. Parent company Liberata plc have announced that Liz Catchpole will be Managing Director of the new division. Liz (37)

Now Phil De Feo Joins Computershare

Computershare continues to hoover up industry talent. Former Cedel executive Phil de Feo, who left the Luxembourg based ICSD to serve as chairman and chief executive officer of the Pacific Exchange (PCX), has joined the board of directors of the

Den Norske Bank and Storebrand to Merge

The Boards of Directors of the leading Norwegian custody bank, Den Norske Bank (DnB), and the Storebrand insurance company are negotiating a merger. The shares are suspended while the negotiations are progressed.