The Bank of New York Announces Change in ADR Index

The Bank of New York announced that, effective December 24th 2001, The Bank of New York ADR IndexSM will be converting to free float adjusted shares from full market capitalization. Free float market capitalization reflects the number of shares actually

JP Morgan/Chase Takes Client Service to a New Level

JP Morgan Investor Services has launched what it claims is a first a global, round the clock, telephone based client support service. Follow the Sun provides Morgan clients with continuous technical and functional phone support through a rotating help desk

Fuji Bank's Shimamura-san Moves On

One of the best known figures in Yen custody, Nagatoshi Shimamura, generalmanager, marketing, within the settlement and clearing services division atFuji Bank in Tokyo, is moving out of the custody business. Following themerger of Fuji Bank into the Mizuho Group,

Kas Associatie N.V. Wins First Mandate

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Smart Timing for Deutsche Performance Measurement Product

Deutsche could scarcely have timed it better. On the very day that Merrill Lynch Investment Management decided to settle its legal dispute with the Unilever pension fund over its investment performance in the late 1990s, Deutsche subsidiary WM Company launched

What Future for Standard Chartered’s Custody Network

Although Standard Chartered has formally denied either having or having had discussions with suitors, and says it is under no pressure from shareholders to do so, the potential buyers named so far would have a limited interest in retaining the

Northern Trust Gets Full Banking Licence in Singapore

The Northern Trust Company, Singapore has been awarded Wholesale Banking (WB) privileges by The Monetary Authority of Singapore (MAS). As a further step in its commitment to the Singapore market, Northern Trust applied for a Wholesale Banking license on 31

Custodians Grapple With Argentine Crisis

The imposition at the weekend by the Argentine government of sweeping banking and exchange controls came as no surprise. However, it has posed considerable difficulties for custodian banks active in Buenos Aires and those of their clients which have investments

BoNY Selected Custodian For Agricultural Bank of China

The Bank of New York announced today its appointment by Agricultural Bank of China as global custodian for its proprietary global fixed income investments. Agricultural Bank of China (ABC) is a full scale commercial bank with business coverage going far

RBC Global Services appoints new Director in London

RBC Global Services, Institutional & Investor Services (IIS) announced the appointment of Simon Coleman as Director of Operations in London, U.K. In his new role, Simon will oversee all aspects of global custody processing in more than 80 worldwide markets.