Alberta Teachers' Retirement Fund Board has re appoint ed RBC Global Services Institutional & Investor Services (IIS) as custodian of its C$2.5 billion portfolio of pension plan assets. "After an extensive review and selection process that involved examining global custody
The Norwegian Competition Authority has given its approval to the merger between DnB Holding ASA and Gjensidige NOR ASA. Though the decision is subject to the banks meeting certain conditions in the shape of the sale of some companies and
As par of a reshuffle of responsibilities on its managing board, ABN AMRO has appointed Hugh Scott Barrett as Chief Operating Officer (COO). He heads a new unit, Group Shared Services, which the bank has set up to lower costs
The Bank of New York announced that it has been appointed by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets,
The Bank of New York has announced its appointment by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets, which are
The Bank Of New York recently announced that it has been appointed as trustee, registrar, and paying agent by Banco Bradesco, S.A. for its Diversified International Payment Rights US$400,000,000 Notes. The notes are divided into two series a Fixed Rate
The HSBC Group has reached agreement to acquire substantially all of Lloyds TSB's onshore and offshore assets related to Brazil, including its consumer finance business, for an aggregate consideration of US$815 million. The main part of the transaction is the
BNP Paribas Securities Services' Institutional Investor Services business in Frankfurt has been awarded a global custody and Depotbank mandate by Degussa Pensionskasse. Dresdner Bank Investment Management in Frankfurt will act as Master KAG. BNP Paribas Securities Services will also provide
The UK employers association, the Confederation of British Industry (CBI) has attacked the demands made by trade unions at the conference of the governing Labour Party for employers to be compelled to make pension contributions on behalf of employees. The
Deutsche Bank and Dresdner Bank have agreed to have their payments processed by Postbank. Preliminary agreements for this have now been signed by the three companies. The three banks say they see this as an important step in implementing their