Mercer Human Resource Consulting has been appointed to provide actuarial and investment consulting services for the pension arrangements of Linde Material Handling part of the German owned Linde Group, which provides fork lift truck services, industrial gases and refrigeration services
Northern Trust is offering a new trade execution analysis service to its institutional clients. The automated trade execution monitoring tool aims to allow institutional clients to identify and analyse the drivers behind fund trading costs commissions, trade execution, and local
The Corporation of London has handed the custody of both its pension fund and its endowment funds to ABN AMRO Mellon Global Securities Services. The Corporation's three funds amount to a portfolio of 800 Million With the help of specialist
Credit Agricole Investor Services in Paris has put a further 1.1 billion of UK assets into custody with HSBC Global Investor Services (GIS). This follows the amalgamation of Credit Agricole Investor Services UK portfolio, and the selection of GIS as
Bank of Tokyo Mitsubishi has introduced a web based information service called BTM Custody WEBINQ. It starts on Monday 8 December. Information on holding balances and transaction details as well as corporate action information will be available through it. Access
Fortis Bank Information Banking has announced its appointment as global custodian by DHB Bank. Besides global custody services, Fortis Bank Information Banking will also act as broker and securities lending provider for DHB Bank. "The reason for choosing Fortis Bank
The European Commission's latest Progress Report on the Financial Services Action Plan concluded that the FSAP has been one of the driving forces behind the developing European capital market, and has improved prospects for sustainable, investment driven growth and employment.
The chairman of Swedish insurer and pensions group Skandia resigned yesterday after a report disclosed that senior executives had misled the board and auditors, collected excessive bonuses and made shareholders pay for private apartments.Chairman Bengt Braun, who took over earlier
The requirement to set aside capital to meet operational risk under the terms of the Basel II Accord is changing the economics of the custody industry, say Ashwin Roongta and Sanjay Taneja, two Senior Consultants working in the Banking and
Wachovia Corporate and Institutional Trust has been appointed stock transfer agent for Overnite Transportation. Wachovia will also serve as administrator for the company's employee stock option, stock purchase and share bonus plans. Headquartered in Richmond, and a subsidiary of Union