Custody

Smart Timing for Deutsche Performance Measurement Product

Deutsche could scarcely have timed it better. On the very day that Merrill Lynch Investment Management decided to settle its legal dispute with the Unilever pension fund over its investment performance in the late 1990s, Deutsche subsidiary WM Company launched

BoNY Selected Custodian For Agricultural Bank of China

The Bank of New York announced today its appointment by Agricultural Bank of China as global custodian for its proprietary global fixed income investments. Agricultural Bank of China (ABC) is a full scale commercial bank with business coverage going far

What Future for Standard Chartered’s Custody Network

Although Standard Chartered has formally denied either having or having had discussions with suitors, and says it is under no pressure from shareholders to do so, the potential buyers named so far would have a limited interest in retaining the

Northern Trust Gets Full Banking Licence in Singapore

The Northern Trust Company, Singapore has been awarded Wholesale Banking (WB) privileges by The Monetary Authority of Singapore (MAS). As a further step in its commitment to the Singapore market, Northern Trust applied for a Wholesale Banking license on 31

Custodians Grapple With Argentine Crisis

The imposition at the weekend by the Argentine government of sweeping banking and exchange controls came as no surprise. However, it has posed considerable difficulties for custodian banks active in Buenos Aires and those of their clients which have investments

RBC Global Services appoints new Director in London

RBC Global Services, Institutional & Investor Services (IIS) announced the appointment of Simon Coleman as Director of Operations in London, U.K. In his new role, Simon will oversee all aspects of global custody processing in more than 80 worldwide markets.

BoNY Acquires Axe-Houghton Associates ADR Management Business

The Bank of New York announced that it has signed a definitive agreement to acquire the Core International ADR and Domestic Equity Index institutional investment management businesses of Axe Houghton Associates, Inc., a wholly owned subsidiary of Hoenig Group Inc.

RBC Global Services Rolls Out New Performance Measurement Database

The Benchmark(tm) Investment Analytics group (BIA) of RBC Global Services, Institutional & Investor Services (IIS), announced the release of a new and expanded suite of portfolio universes the Benchmark Universes which will enable institutional investors to better evaluate the performance

KAS BANK clearing specialist on Euronext Paris

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different