BNY Wins AON Mandate

The Bank of New York announced today that AIB BNY Fund Management (Ireland) Ltd., its Irish joint venture with Allied Irish Banks p.l.c., has been appointed by Aon Advisors (UK) Limited to provide custody and fund administration services for Aon

Deutsche Bank Ponders Outsourcing IT

In the next few months, Deutsche Bank will conduct a detailed investigation into the possible outsourcing of its IT infrastructure. In this context, the bank understands the term "outsourcing" to be the transfer of IT infrastructure operational responsibility to an

ACCA Questions Government Plan to Make Investors Tackle Fat Cats

A proposal to require fund managers and even trustees to intervene in the corporate affairs of investee companies is ill advised, says the Association of Chartered Certified Accountants (ACCA). Responding to the Government's proposals for implementing the Myners report 'Institutional

Deutsche Says Small Cap Out-performed Large Cap in First Quarter

Deutsche Bank's Performance Analytics group, part of the Bank's Global Securities Services unit, has determined that first quarter returns for US small cap value portfolios in the ICC Universe outperformed US large cap growth portfolios by 13.08%. Within domestic equity

HSBC Bails Out of Chile

Hong Kong & Shanghai Corp. (HBC) on Tuesday sold its 7% stake in Chilean bank Banco Santiago (SAN) to Chilean and international investors for about $130.5 million. HSBC sold in an auction its 6.91 billion shares in the Chilean bank

Nedcor Bids to Become Biggest Bank in South Africa

One of the mysteries of the 2001 Global Custodian agent bank survey was the fall in client responses for Nedbank in a year. But if the current Rand 7.3 billion ($650 million) by Nedcor the 53 per cent owned South

Computershare Enters Search For Lost Shareholders

Computershare is entering the shareholder tracing business. "Computershare Shareholder Solutions will effectively cut out the middle man and bring a professional approach to an area that has previously been populated by one man bands and bounty hunters," says Jeff Sainsbury,

NAPF Guidelines Welcomed by WM Company

Where there is a regulation there is a business opportunity. So it is no surprise that Edinburgh based performance analysts, The WM Company, are pleased that the National Association for Pension Funds has urged trustees to arrange for the performance

Now JP Morgan Chase Joins State Street FX Platform

JPMorgan Chase will join FX Connect, the multi bank electronic foreign exchange trading system operated by State Street via its Global Link network. This follows the same decision last week by Citibank. This is quite a coup for State Street