Mellon Financial Corporation's Human Resources & Investor Solutions (HR&IS) business has renewed its call for the establishment of a new independent and apolitical pensions authority in the UK, to correct what it sees as the "failures" of the current Pensions
Amagerbanken, Copenhagen has joined DnBNOR, OKO Bank and Swedbank to become the fourth leg of the Nordic Custody Alliance. The Nordic Alliance is a custody, clearing and settlement product cooperation originally formed in 2002 by DnBNOR and Swedbank with OKO
State Street says that it has been appointed to provide investment accounting, valuation and statutory reporting services for approximately 1,800 portfolios totaling approximately $75 billion in separate account assets for MetLife. This mandate enlarges an existing relationship with MetLife, as
State Street is to provide investment services to The Clore Duffield Foundation, a UK charitable organisation with assets of £63 million. State Street will provide the foundation with global custody and fund accounting services, and The WM Company, a State
Brown Brothers Harriman says it has been appointed custodian, fund accountant and administrator for The Taiwan Greater China Fund, a closed end registered investment company listed on the New York Stock Exchange. The appointment took effect on 1 October. As
The Multilateral Investment Guarantee Agency (MIGA) has issued $1.1 billion in guarantees in fiscal year 2004. These guarantees covered 35 new projects, which is slightly down from 37 in fiscal year 2003. MIGA's portfolio continued to show a marked shift
Credit Suisse Asset Management (CSAM)has opened an office in Amsterdam. Approval was received by the AFM (Autoriteit Financile Markten) in July 2004. The office will serve existing clients and aim to recruit new institutional clients in the Netherlands, Belgium and
State Street Global Advisors (SSgA), the investment management arm of State Street, has been appointed by Liontrust Asset Management PLC (Liontrust) to manage a £75 million passive equity mandate for Liontrust's Top 100 index fund. Liontrust currently has assets under
UK life and pensions provider Norwich Union part of Aviava has been reviewing its individual pensions strategy throughout 2004 to see how it needs to develop and refine its product range and pricing strategy to respond to the changing market
Full and effective implementation of the European Union's Financial Services Action Plan (FSAP) will become increasingly difficult as its stakeholders in the Retail Market continue to hold mixed views about its merits. That is the message from John Walker of