JP Morgan says it is looking to hire up to 10 analysts in mainland China this year to assist its drive into the local capital markets. The bank is already moving researchers from Singapore and Hong Kong to Shanghai as
Northern Trust has secured the mandate to provide custody and performance measurement services to the London Borough of Lewisham's 505 million pension fund. "We are committed to providing the highest standards of service and delivery to our members and co
The Japanese parliament has passed a revised Securities and Exchange Law, making it possible for banks to engage in securities agency services from 1 December this year. The revised law was proposed by the Japanese regulator, the Financial Services Agency
ABN AMRO Mellon Global Securities Services has won another local authority pension fund custody mandate in the UK. Lancashire County Council has appointed the bank to provide global custody and related services for a £2.4 Billion (€3.6 Billion) portfolio of
Sarbanes Oxley has had a minimal impact on ADR issuers. Or so suggests a survey of 143 ADR issuers by Broadgate Capital Advisors (a unit of Broadgate Consultants) and The Value Alliance in conjunction with the Bank of New York.
Penson Worldwide, the Texas based outsourced clearing agent with a London operation, says it has taken on an additional seven clients in the UK in the last twelve months. They include Hichens Investment Management, Durlacher and Samsung Securities. Penson aims
The SEB subsidiary in Lithuania, Vilniaus Bankas, has been honoured by the Lithuanian Central Securities Depository (LCVPD) for holding the largest portfolio in custody, the largest portfolio in custody for foreign clients, and as the largest participant in the CSD
Tax exemptions on German life insurance policy payouts are set to be scrapped from 2005, junior Finance Minister Barbara Hendricks said on Wednesday. The government has wanted to scrap the privileges on life insurance policies as part of a wider
The operational training and competence examinations administered by the London based Securities Institute are to be reviewed as part of a shake up of training in the UK financial sector following the establishment by the Financial Services Authority (FSA) the
RBC Global Services has announced a four week fee amnesty for the deposit of physical securities held by our Canadian subcustody clients without incurring the normal out of pocket transfer and deposit costs. This exclusive program begins June 2, 2004