Aviva, the UK insurance and pensions company, has opened two new branch offices in China. Aviva was granted licences earlier this year to operate in the country's capital Beijing and in Chengdu, the capital of Sichuan province in the west
Global index provider FTSE Group said yesterday that no changes will be made to the current classification of Greece the country will continue to be classified as a developed market within the FTSE Global Equity Index Series during 2005. The
BNY Securities Group, The Bank of New York's institutional agency brokerage, clearing and financial services outsourcing group, has welcomed the statement by SEC Chairman Donaldson that his review of soft dollars would not distinguish between proprietary and third party research.
Quantitative Services Group is to offer clients of the Harborside+ electronic trading platform access to T+1 performance analysis reports on individual executions. QSG is an independent provider of trade analysis and analytical equity research (stock selection) for institutional investors, while
Aviva Life Insurance has recahed a deal with Punjab and Sind Bank as its fifth bancassurance partner in India. Under the terms of the deal, Punjab & Sind Bank wiill distribute Aviva's life assurance products. Punjab and Sind Bank has
Citigroup says Bank of East Asia has appointed Citibank as its provider of CLS Bank settlement services on a third party basis. Citibank has offered a CLS Bank third party service since November 2002. "Through our partnership with Citigroup and
Toronto based Securities Valuation has become an authorized distributor of Telekurs' global pricing services. Telekurs says SVC, a provider of securities data, had sought a long term partnership with a vendor capable of providing a directly sourced global market data
Worldwide, pension funds stood at a high of $15 trillion were under management at end 2003, mostly in a few developed economies, particularly the US, Japan and the UK. Pension funds are also growing in emerging markets with $250m managed
Last week Ferenc Gyurcsany, designated Prime Minister of Hungary, announced a series of tax reforms that included a reduction in personal interest withholding tax from 25% to 20%. "It is not clearly identified if the planned change of withholding tax
Northern Trust Global Investments (NTGI)has been appointed by the Trustees of the YMCA Pension and Life Assurance Plan in England, Scotland and Wales to run approximately £26 million in Equity and Fixed Income portfolios on a manager of managers basis,