Custody

Willis Group Gets Operating Licence From Insurance Regulator In China

Insurer Willis Group has received final approval and certification from the China Insurance Regulatory Commission (CIRC) to allow its joint venture operation Willis Pudong Insurance Brokers Co. Ltd to engage in insurance and reinsurance broking activities throughout mainland China. Willis

European Insurers To Get Their Own Basel II

The European Commission is to revamp capital requirements for insurers and reinsurers within the European Union by the end of 2005. The so called Solvency II review is being compared to the Basel II rules for banks. Indeed, the Commission

State Street To Provide Custody Services For TIAA-CREF

State Street Corporation has been appointed by TIAA CREF to provide custody and securities lending services for $110 billion in assets. "After a thorough due diligence process, State Street emerged as the provider with the most robust services to fulfill

Mitsubishi Tokyo And UFJ Agree To Capital Strengthening

Mitsubishi Tokyo Financial Group Inc. UFJ Holdings Inc., The Bank of Tokyo Mitsubishi, Ltd. and UFJ Bank Limited have concluded a basic agreement related to Mitsubishi Tokyo's cooperation in strengthening UFJ's capital. UFJ and or UFJ bank will strengthen its

Banco Itau And Banco Itau BBA Subscribe To Equator Principles

Banco Itau and Banco Itau BBA, both have just subscribed to the environmental preservation oriented Equator Principles. By adopting the Equator Principles, Banco Itau and Banco Itau BBA will observe the social and environmental policy of the IFC in loan

MPS Taps State Street For Custody Services

The Medical Protection Society Limited (MPS) has appointed State Street Corporation to provide investment management, custody and transition management services for portfolios that total £460 million in assets. State Street Global Advisors, the asset management arm of State Street, has

ADP Launches International Proxy Voting Disclosure Product

ADP Investor Communication Services has launched the international version of its proxy voting disclosure solution, ProxyDisclosure. Internationally, ProxyDisclosure can be used by pension funds and plan sponsors for consolidated vote reporting across multiple fund managers and custodians, enabling a single