BNP Paribas Securities Services says its Frankfurt clearing and custody operation, which it acquired from JP Morgan in 1995, has secured four German pension fund mandates worth a total of over ?10 billion in the first six months of this
Bank Austria Creditanstalt (BA CA) has set the offer price for the its IPO at Euros 29 per share. The offer was several times oversubscribed during the bookbuilding process. In total, 33,031,740 shares have been placed in the global offering.
Northern Trust says AMF Pension, one of Sweden's largest pension insurance companies, has chosen the bank as its global custodian. Northern Trust will provide global custody services to AMF Pension's US$ 9 billion in global securities, as well as securities
The number of trades on SETS, the London Stock Exchange's electronic order book, increased to 2.66 million in June 2003, 44 per cent higher than the 1.84 million trades in June 2002. The value traded on SETS increased by nine
The Bank of New York says Everest Re Group has chosen the bank to supply it with global custody and trust services. Everest Re provides personal and commercial property and casualty insurance. "After a thorough evaluation process, we selected The
In a survey of its members, the UK based Investment Management Association (IMA) has found that managers of 94 per cent of UK pension fund assets will be complying in full with the Pension Fund Disclosure Code when it comes
JPMorgan Treasury Services has reached an agreement with Vastera,a provider of trade management software, to create a so called Global Trade Management (GTM) solution. Vastera technology aims to automate the processes associated with moving goods across borders. It ensures companies
Use of treasury management systems (TMS) by corporations and banks appears to have peaked, says a new research report from Greenwich Associates. The report says that use of treasury management systems by corporates and banks peaked at the end of
The London Borough of Greenwich Superannuation Fund has expanded a relationship with State Street, who inherited a partial role with the fund after acquiring Deutsche GSS, by appointing the American bank as its global custodian. The fund has over ?400
American International Group is buying General Electric's lossmaking GE Edison Life Insurance operation in Japan for $2.15 billion. AIG already owns ALICO Japan and AIG Star Life Insurance in the consolidating Japanese insurance industry, and the deal makes the giant