Increased confidence by foreign investors has resulted in substantial inflows into Japanese investments over the past year. Assets within Japan related equity funds have risen over 50%, attracting almost $9 billion, while US and Western European funds have declined over
Penson Financial Services Canada the Canadian arm of the Dallas based provider of outsourced execution, clearing, custody and settlement services has reached an introducing carrying broker agreement with Toronto based Dominick & Dominick Securities Inc(DDSI). This means DDSI will convert
HVB Custody in Prague say they are continuing to lobby against the terms of the guarantee fund proposed by the market authorities in the Czech Republic in the new Capital Markets Act. HVB Custody, other sub custodians in Prague, the
Following successful testing and live deployment of a joint corporate actions solution at a New York based broker dealer and custodian, Telekurs (USA) Inc. and N Tier Securities have formed a strategic alliance to provide "customizable" corporate actions data services.
The EBRD and IFC today each acquired a 7.28 per cent stake in Romania's Banc Post by converting debt into shares. The transaction, combined with a $10 million capital increase approved at Banc Post's annual general meeting of shareholders today,
Allianz Dresdner Asset Management (ADAM) has re named itself Allianz Global Investors. Joachim Faber, the CEO, says the new name serves three purposes it reinforces the strong connection to Allianz Group as an Integrated Financial Services Provider and demonstrates Allianz's
Xchanging, a business process services company, has been appointed by BAE Systems to source and manage the supply of technical contract labour to the company in the UK. The new contract will run for seven years and is an extension
Computershare, the Australian share registration and trading technology company, has acquired EquiServe, one of the largest providers of transfer agent and employee stock plan services in the US, from DST Systems, Inc. Upon closing, DST will receive US $216 million
Pooled balanced funds in the UK were up slightly in Q3, the sixth consecutive quarter in which they have returned a positive number. The median return was 1.8%. "Due to poor equity performance, pooled balanced funds lost around 30% of
State Street Global Markets, the investment research and trading arm of State Street, says that five Canadian banks have joined its post trade foreign exchange confirmation matching and settlement tool, Global Trading Support Services (GTSS). The tool is distributed via