State Street says it has been appointed by the Retirement Systems of Alabama to provide a full range of investment services. State Street will provide custody, fund accounting, master record keeping, global securities lending, cash management and performance measurement services
JP Morgan Investor Services says Royal & SunAlliance USA (RSA USA) has appointed it custodian and securities lending agent for all of its US insurance assets. The mandate follows an RFP process, but consolidates all of RSA USA's assets with
State Street Global Advisors (SSGA) says it has won the mandate to run Ј200 million of stocks, bonds and other assets for the Water Companies Pension Scheme in the UK. SSGA will run the money as a passive mandate.
JPMorgan Investor Services says it has been selected by Gartmore Group as global custodian to the Gartmore Funds' US$16 billion in assets. The American bank will provide global custody, foreign exchange, cash trade execution, securities lending and commercial banking services.
ANZ is considering a move into China as part of its wider push into Asian markets, according toa report in the Australian Financial Review. ANZ already has a co operative alliance with China's Shanghai Rural Credit Co operative Union (SRCCU).
BPH PBK, the Polish subsidiary of Bank Austria Creditanstalt (BACA) that secured commended status in the 2002 Global Custodian Survey of Agent Banks in Emerging Markets, has had a good first half. Net income before taxes rose by 48 per
Chinese regulators say foreign companies will be allowed to hold stakes of up to 50 per cent in life assurance joint ventures in China. "Foreign life insurance companies can apply to set up life insurance joint ventures with Chinese counterparts
Dematerialisatin of stock certificates in Japan took a major step forward yesterday with the news that the Legislative Council advisory committee had published a fresh draft of the necessary revisions to the Commercial Code. Unlike the interim proposal announced by
Aviva, the UK insurance, life assurance and pensions company formed by the merger of Commercial Union and Norwich Union, says worldwide bancassurance life and pensions sales were up 56 per cent from 179 million to 299 million in the first
Northern Trust says it has launched a new risk management product for its institutional clients. The so called Northern Trust Event Analyst aims to enable clients to select and monitor distinct classes of marketplace events and their impact on institutional