J.P. Morgan Chase & Co. announced that it has completed the acquisition of Systems & Services Technologies, Inc. Under the terms of the transaction, SST will operate as a subsidiary of J.P. Morgan Chase & Co., within the firm's Institutional
Global Investor Services (GIS), the custody division of HSBC, has been appointed UK sub custodian for approximately Euro 1.5 billion of its assets by Natexis Banques Populaires. The appointment follows a comprehensive review of the UK sub custodian market by
Tom Swayne has issued his resignation from the Clearstream Board of Directors in light of the decision of Clearstream to enter into exclusive negotiation with Deutsche Brse AG. JPMorgan Chase supports a "horizontal" solution to the clearance and settlement infrastructure
JP Morgan Chase will shift billions of euros in business to rivalinternational depository Euroclear, according to Securities Industry News which also reports that Tom Swayne, head of JP Morgan Chase's GlobalInvestment Services unit, has resigned from Clearstream's board.
Constitutive Meeting of the Exchange Council of Eurex Deutschland Frankfurt, Germany January 10, 2002 Eurex, the international derivatives exchange, announced that the newly elected Exchange Council of Eurex Deutschland met for the first time. The Council members elected Leonhard Fischer,
CREST announced that it settled 73.4 million transactions in 2001, a rise of 26% on volumes in 2000, Turnover increased by 29% to 63.2 trillion. CREST also settled a record daily volume of over 480,000 transactions during the year. Membership
The shareholders of Government Securities Clearing Corporation (GSCC), MBS Clearing Corporation (MBSCC) and the Emerging Markets Clearing Corporation (EMCC) have approved a plan for the three organizations to become subsidiaries of The Depository Trust & Clearing Corporation (DTCC). The integration,
State Street has acquired a minority interest in ByAllAccounts Inc., an account aggregation service company based in Woburn, Massachusetts. State Street will also begin using ByAllAccounts' WebPortfolio aggregation service, which collects customer data from various financial firms and consolidates the
J.P. Morgan Chase & Co. and Systems & Services Technologies, Inc. (SST) announced that the parties have signed a definitive agreement under which JPMorgan will acquire SST, a wholly owned subsidiary of III Associates. A leading third party servicer, SST
David Bilbe, the SVP who is the public face of institutional custody sales at State Stteet Bank & Trust Company in London, is joining Brown Brothers Harriman as Managing Director of Investor Services. Unlike State Street, BBH is not seeking