Custody

Taiwanese Authorities Clarify Cash Clearing Accounts For QFIIs

The Central Bank of China (CBC) in Taiwan has agreed to allow Qualified Foreign Institutional Investors (QFIIs) or General Foreign Institutional Investors (GFIIs) to open cash accounts in their custodian bank's name with the custodian's government bond clearing bank. This

Chubb Expands Custody Contract With Bank of New York

The Bank of New York (BNY) announced today that insurer Chubb Corporation has chosen it to provide additional global custody services. "After a thorough evaluation process, we decided to expand our global custody relationship with The Bank of New York,"

Northern Trust Wins $8 Billion Mandate From Alecta

Northern Trust announced today that it has been appointed global custodian to Alecta, a Scandinavian pension fund manager with $35 billion in assets under management in the Nordic region. Northern Trust will provide global custody services for $8 billion in

UK Trade Unions Board The Corporate Governance Bandwagon

Corporate governance and SRI enthusiasts in the securities industry need to remember the company they keep. The New Labour government long ago identified regulation as a cheap alternative to nationalisation as a means of directing investment and obstructing the workings

Nine And A Half Out Of Ten Banks Love China Joining the WTO

Over 93 percent of financial sector firms in Hong Kong agree that China's World Trade Organization membership makes the city a more advantageous location for their operations, according to preliminary findings from an academic study of the territory's competitiveness by

State Street Secures $8 Billion Texas Municipal Mandate

State Street announced today that it has been appointed by the Austin, Texas based Texas Municipal Retirement System to provide custody, fund administration and securities lending services to the fund's $8 billion in assets. "Our new mandate with the Texas

Northern Trust Wins $1.3 Billion Missouri Highway Custody Mandate

Northern Trust announced today that Missouri Highway & Transportation Employees' & Highway Patrol Retirement System which is based in Jefferson City, Missouri had selected Northern Trust to provide global custody and investment management services for their $1.3 billion defined benefit