Institutional investment by UK pension funds, insurance companies and unit and investment trusts seems to have fallen dramatically in the final quarter of last year. Figures published today by the Office of National Statistics (ONS) in London found total net
BNY Securities Group, the institutional agency brokerage and correspondent clearing arm of Bank of New York, has launched an Internet portal for its commission management services. It aims to allow money managers and plan sponsors to manage their commission expenditure
ISIS Asset Management (ISIS), the fund manager formed by the merger of Friends Ivory & Sime with Royal Sun Alliance Investment Management Limited, has appointed JPMorgan Investor Services (JPMIS) as custodian. The American bank will look after US$12 billion of
ADP Securities Industry Software (ADP SIS) says it has signed up two new clients for its securities transaction processing outsourcing platform. San Francisco based Emmett A. Larkin Company (which provides on line execution, clearing and custody services to brokers and
JPMorgan Treasury Services says that Sydbank A S of Denmark has become Denmark's first non CLS shareholder to settle via CLS Bank, after choosing the American bank as its third party services provider in September last year. "The JPMorgan Third
Deloitte Touche Tohmatsu is expected to complete the spin off of Deloitte Consulting within weeks, according to Reuters. After the management buyout, Deloitte & Touche will keep as much as a 20% stake in the consulting business, which will be
Making an exception to its policy of not commenting on mergers acquisitions, Cullen Frost yesterday issued a press release noting that "The people who incorrectly claimed that Citigroup approached Cullen Frost are so wrong they don't have a clue." The
JPMorgan Investor Services announced today that YMCA Retirement Fund has extended its relationship with the bank to include global custody. The fund has $3.2 billion in assets. JPMorgan has provided depository and treasury services to the YMCA Retirement Fund for
The Bank of New York announced today that it had acted as depository bank to an issue of American depositary receipts (ADRs) by the Mitsubishi Tokyo Financial Group
The European Parliament yesterday backed plans to allow the multi trillion euro pension fund industry to operate across borders. The Parliament's vote paves the way for formal adoption by European Union member states, expected within three months.