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WM In UK Pension Fund Venture With Standard & Poor's

State Street subsidiary WM is to work with Standard & Poor's to provide UK pension fund trustees with independent performance assessment services. Standard & Poor's has developed new services for launch in May 2004, which aim to provide an independent

Is Citigroup Too Big To Succeed?

Who respects Citigroup? Not investors, it seems. According to Barron's, a financial services group that generated nearly $18 billion in net revenue in 2003 trades at a lower multiple that New York area banks such as Commerce Bancorp Inc, North

Aviva Wins Earth Mother Award

UK insurance group Aviva has been ranked the top performing insurer in the 2004 Business in the Community (BitC) Corporate Responsibility Index. This year the index had 139 participants, from which the company was ranked in fifth position overall and

Bank Pekao Is Looking Forward To A Bumper 2004

The net profit of Bank Pekao is forecast to be higher than the zlotys 919 million generated last year, though it will not exceed the record level of zlotys 1.26 billion posted in 2001, the bank's president Jan Krzysztof Bielecki

State Street Buys The Rest Of TCM Firm Elkins McSherry

State Street has bought the remaining minority interest in Elkins McSherry LLC, the transaction cost management business in which it has held a majority stake since 1999. Terms of the agreement were not disclosed. Elkins McSherry, founded in New York

BNY Selected As Depositary By Linktone Ltd

The Bank of New York has announced it has been selected by Linktone Ltd. as depositary for its American depositary receipt (ADR) program. Each ADR represents ten ordinary shares of the company and trades on the NASDAQ under the symbol

Universities Superannuation Scheme Fires Its Balanced Fund Managers

Universities Superannuation Scheme, the UK's third largest private sector pension fund, has appointed three new external fund managers Wellington Management International, Goldman Sachs Asset Management International, and Legal & General Investment Management. This follows a review of investment strategy and