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
JPMorgan says UK issuer BioProgress has appointed it as depositary bank for its American Depositary Receipt (ADR) programme. Listed on the London Stock Exchange's AIM market, BioProgress provides "innovative delivery mechanisms" for the oral drugs. The company is the first
Ipsos Reid has released the results of a survey aimed at evaluating and benchmarking the current state of corporate governance and investment relations issues in Canada. Specific objectives of the research included defining the roles and responsibilities of the investor
RBC Global Services has enlarged its alliance with the RiskMetrics Group to offer a web enabled risk management tool that the bank says will help clients identify and measure sources of risk within investment portfolios. It is called BENCHMARK RiskManager.
Dutch insurer Aegon NV is reported to be planning to sell its Spanish non life insurance business. It is understood to have received inquiries from several Spanish insurance firms and British private equity investors, according to Invertia.com. The report was
The Bank of New York was used by Fonds de Securité d'Existence des Ouvriers de la Construction, the employee benefits provider to the Belgian construction industry, to complete a global transition management exercise. "The most important consideration when we undergo