The Bank of New York says that BNY Jaywalk, its independent equity research arm, is to offer its research products to sell side firms now required to procure and distribute independent equity research as part of the Global Research Analyst
Mitsui Mutual Life, the Japanese insurance company planning to de mutualise next April, expects the Sumitomo Mitsui Banking Corporation (SMBC) to retain a 42.9 percent stake after the demutualisation according to a report in Nihon Keizai Shimbun. SMBC already provides
The Canadian Association of Pension Supervisory Authorities (CAPSA) has published draft guidelines for the governance of pension funds in Canada. They cover the fiduciary responsibilities of plan administrators, the documentation of roles, and the need for both governance objectives and
State Street says the Local Government Pensions Institution (LGPI) of Finland has confirmed the bank will be successor as its custodian and fund administrator to Deutsche GSS. State Street says the re appointment follows a formal review process conducted via
Mercer Investment Consulting is launching a new Investment ConsultingPractice in Germany. The launch follows the recruitment of Herwig Kinzler and Erik Crawford as Senior Investment Consultants based in Frankfurt. Both have joined Mercer from Towers Perrin in Germany, where they
Profits at JP Morgan Chase rose 78 per cent in the second quarter, taking earnings for the first half beyond what the bank earned in the whole of 2002. The improved results reflect mainly better performance in bond trading and
Pacific Life has exercised its option obliging Allianz to buy a further stake in PIMCO stake worth $250 million. The purchase takes the Allianz interest in PIMCO interest to 77.5 percent. The Munich based insurer bought 70 per cent of