Custody

State Street Chooses KAS in The Netherlands

State Street Chooses KAS in The Netherlands KAS BANK announced that it has been chosen by State Street Corporation as its subcustodian in the Netherlands. "We are pleased to be partnering with State Street Corporation, the global financial services leader,"

Deutsche Bank Wins Henkel Group Custody And Brokerage Mandate

Deutsche Bank today announced it has been selected to deliver custody and brokerage services for the newly formed Henkel Group Global Employee Share Purchase Plan. The Henkel Group is offering its employees an opportunity to participate directly in the economic

Investment Managers Predict Upturn In U.S. Equity Markets

Investment managers expect US markets to rebound in 2002, pointing to improved inflation and GDP outlooks, according to a new survey by William M. Mercer Investment Consulting. Sixty one US and international investment managers responded to Mercer's 2002 US Fearless

BNP Paribas Declares War on Euroclear

BNP Paribas, in common with other European agent banks, has made little secret of its growing hostility to the ICSDs in general and Euroclear in particular. In their view, the Brussels based ICSD has garbed itself in the idiom of

Allied Irish Custody Clients Reach for the Smelling Salts

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

ETFs Up Ten-Fold in Value Says Euronext

The European market in Exchange Traded Funds (ETFs) has grown rapidly in the last year. Or so says a study by Euronext, which is vying with the London Stock Exchange and Deutsche Borse for leadership in this nascent market. ETFs,

Mellon Chooses Barclays in Uganda

Mellon Financial Corporation today announced that its Mellon Global Securities Services (GSS) group has established the 80th market in its sub custodian network of banks. With the addition of Barclays Bank of Uganda, Mellon GSS becomes the first global custodian

BNY Acquires G-Trade Services Ltd

The Bank of New York announced that its subsidiary, BNY International Financing Corporation, has acquired G Trade Services, Ltd. and other related wholly ownedsubsidiaries of the Credit Lyonnais SA Group. Terms were not disclosed. G Trade Services, a provider of

BNY Completes the Acquisition of Autranet

The Bank of New York announced that it has completed its acquisition of Autranet, Inc., a wholly owned, independently operated agency brokerage subsidiary of Credit Suisse First Boston (USA), Inc. Autranet will become part of The Bank of New York's

BNY Clearing Services LLC Introduces BNY Clearing Compas

Bank of New York demonstrated its continuing faith in a broker dealer out sourcing boom by launching BNY Clearing Compass, a browser based system, which allows brokers to access data and services at BNY. It enables users to move from