RBC Global Services, Institutional & Investor Services (IIS) announced today that it has been selected as sole custodian for the entire $21 billion Canadian investment portfolio of Sun Life Assurance Company of Canada, the largest life insurance company in Canada.
Northern Trust says Delaware based Friess Associates LLC has appointed its Global Fund Services Practice to provide custody, fund accounting, and short term cash management services to its recently launched Delaware business trust. The Friess Small Cap Trust is available
Gerald L. Hassell, president of The Bank of New York (BNY), and Joseph M. Velli, senior executive vice president of the Bank and chief executive officer of BNY Securities Group, today unveiled the plans the bank has for its newly
Commenting on the European Commission's review of capital requirements for banks and investment firms today, Patrick Fell, director in the financial services regulatory practice at PricewaterhouseCoopers, said The new regime is a vital development for all financial services firms banks
Standard Bank, the South African custody bank and trustee service provider, today announced the merger of its Cape Town based institutional trustee servicing business with its Johannesburg based custodial services division. With effect from 1 January 2003, the unit trust
NeoNet, a Stockholm based agency broker that provides electronic equity execution services to institutional investors and broker dealers, today announced that it will provide Macgregor, the order management systems (OMS) and FIX network services provider, with access to NeoNet's global
Credit Suisse has cut its dividend dramatically, as the Swiss financial group claws its way out of its difficulties following a record SFr2.1bn ($1.39bn) loss in the third quarter. Private banking, the group's most successful business, stalled, while CSFB, the
BNY Clearing Services announced today that it has been selected by ICICI Securities Inc. to provide fully disclosed correspondent clearing services. ICICI Securities will execute and clear through BNY Clearing's International Services Division (BNYCI), which is based in New York
The Bank of New York announced today that BNY Jaywalk, Inc., its independent equity research consultancy, has signed an agreement with Argus Research to offer research to the institutional investment community through BNY Jaywalk's research platform. Argus Research focuses on
The Bank of New York announced today that it was ranked the leading overall corporate trustee in the US for the first nine months of 2002 by Thomson Financial, the securities industry statistics collation firm. Thomson Financial's domestic debt issuance