State Street announced today that it has been appointed by Alberta Revenue to provide domestic custody and securities lending for an additional CAD $22 billion in assets. With the expanded relationship, which was awarded following an extensive review process, State
Brown Brothers Harriman (BBH) Equity Brokerage Division announced today it has upgraded its equity market intermediate term (six month) rating to "Strongly Bullish" from "Moderately Bullish", pointing to a variety of fundamental and technical indicators that suggest that a new
Computershare announced today that its Analytics division is working with VPC AB to provide investor relations services to Swedish public companies. The process will start with an initial period of client testing to determine client requirements and market demand. After
Northern Trust has formally announced that it has been appointed global custodian to Highland Council Pension Fund's two balanced mandate portfolios, representing 394.3 million in assets. The transition dates back to July this year. The appointment followed a formal search.
Penson Worldwide Settlements Limited, a subsidiary of Dallas based clearing, custody, and settlement services agent Penson Worldwide, have signed an agreement with the Business Architects International (BAI) software firm to add portfolio measurement and modelling, order management and client reporting
JPMorgan Treasury Services has been chosen by the OECD to manage its international banking operations. The bank will assist in the OECD's financial reform programme by consolidating global bank accounts, automating treasury functions and developing a more sophisticated cash management
State Street Corporation announced today that third quarter revenues were $972 million, down just 1%, or $13 million, compared to $985 million a year ago. And net income was $182 million, up from reported net income of $170 million and
The fall in markets has now persuaded many UK pension funds to look seriously at hedge funds. Or so says Bobby Riddaway, senior investment consultant at HSBC Actuaries and Consultants Limited, the actuarial, pension administration, employee benefit insurances, accountancy and
CPR Asset Management, a subsidiary of Crdit Agricole, has selected Institutional Shareholder Services (ISS) as its exclusive provider for proxy voting services. CPR will utilise ISS's VoteX platform for voting of all funds across both French and international markets. CPR
ADP Brokerage Services Group announced today that fund managers Weiss, Peck & Greer LLC have decided to continue outsourcing the processing of securities transactions to ADP Brokerage Processing Services (BPS). ADP's Brokerage Processing Services processes equities, options, fixed income securities