News that the Ottoman Bank merger with Garanti Bank, announced in mid October, is going ahead on 19 December will reduce competition for sub custody business in one of the two most closely watched emerging markets of recent times Turkey.
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
RBC Global Services, Institutional & Investor Services (IIS) announced the appointment of Simon Coleman as Director of Operations in London, U.K. In his new role, Simon will oversee all aspects of global custody processing in more than 80 worldwide markets.
The Bank of New York announced that it has signed a definitive agreement to acquire the Core International ADR and Domestic Equity Index institutional investment management businesses of Axe Houghton Associates, Inc., a wholly owned subsidiary of Hoenig Group Inc.
ABN Amro has won another custody mandate in its stated target market the insurance sector. XL Winterthur International a subsidiary of the Bermuda based XL insurance and reinsurance group, which purchased Winterthur International from Credit Suisse Group earlier this year
The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the
BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that its fully disclosed correspondent clearing services were selected by IBIS Securities LLC. IBIS Securities LLC is a general securities broker dealer that specializes in the
ABN AMRO Mellon has won the mandate to provide global custody to the pension fund of BBA Group PLC, the industrial group that services the aviation and industrial markets. The fund, worth 350 million ($508m), will convert to the alliance's
According to local experts, reports that the Italian government was suspending withholding tax on coupon payments to foreign holders of BTPs were inaccurate. It seems reporters confused proposed reforms to the treatment of withholding taxes on equity dividends (which have
The Bank of New York announced today that it has been appointed as stock transfer agent, registrar and dividend disbursing and reinvestment agent by American Home Products Corporation (AHP), effective November 5, 2001. This appointment is an extension of the