ABN AMRO says that Natexis Banques Populaires has gone live as its first CLS third party participant in France. It follows news that Indover Bank had gone live as the first CLS third party participant in the Netherlands. Natexis went
Wachovia Corporate and Institutional Trust has been appointed custodian for the State of Arizona Insurance Commission. Headquartered in Phoenix, Ariz., the Insurance Commission was established to execute state insurance laws protecting insurance consumers and encouraging economic development. "We are pleased
Calamos Investments has given State Street a mandate to provide fund accounting and administration services for the Illinois based entity. The chores will encompass Calamos' equity oriented closed fund offering, the Calamos Strategic Total Return Fund. Launched in February 2004,
Changepoint Corporation said in a report that compliance initiatives will require a multi billion dollar investment from the financial services industry over the next few years and that IT will be theprimary target., The report, "Managing the Challenge of Regulatory
French insurer Axa is in a position to make acquisitions in its chosen markets of Western Europe, the United States, Japan and Australia, Axa's chief executive told newspaper Le Monde." Even if internal growth is our daily priority, we are
Lithuania's investment climate might be about to worsen, just as the eastern European country expected to enjoy greater global market inclusivity and capitalization after it joins the EU on May 1. This view was put forth this week in an
Russell Mellon CAPS has decided to re name itself Russell Mellon. The new name has already been adopted by the American arm of the organisation, which was previously known as Russell Mellon Analytical Services. "We are becoming increasingly successful in
The Royal Borough of Kensington and Chelsea has appointed HSBC Securities Services (HSS) to provide its pension fund with investment accounting. This new mandate follows the re appointment of HSS as the scheme's global custodian earlier last year. HSS will
Citigroup yesterday released first quarter profits up 29 percent to a record high, on double digit growth in consumer and investment banking and all other major product lines. Net income rose to $5.27 billion, from $4.1 billion a year earlier.
Northern Trust says Mortgage Guaranty Insurance Company (MGIC) has appointed it to provide domestic custody services for $5.5 billion in general insurance assets. "We believe that Northern Trust and their dedicated insurance client servicing team is the right fit for