Penson Worldwide the Dallas based provider of outsourcing services to private banks, wealth managers, hedge funds and broker dealers says it has received an investment of $25 million from Technology Crossover Ventures (TCV), a Silicon Valley based private equity firm.
Mellon Financial Corporation's Human Resources & Investor Solutions (HR&IS) business has this week called for the establishment of a new pensions authority in the UK. It says the authority should consist of experts from the pensions industry, and that it
The Financial Services Agency (FSA) in Tokyo financial regulator may suspend or even end some private banking operations at the Japanese commercial banking unit of Citigroup Inc. due to lost customer data and questionable securities transactions, according to a report
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