To achieve compliance with anti money laundering regulations introduced in the wake of terrorist attacks of last year, the US banking, securities and insurance industries will spend a combined total of US$10.9 billion through the end of 2005, according to
The management of defined contribution pension (DC) schemes is woeful, everywhere. Or so says a global survey of the DC pensions world by Mercer Human Resource Consulting. "While plan management practices undoubtedly fulfil minimum regulatory requirements, many fall short of
Can the US equity markets get any worse? The quarter just ended was the worst for the S&P 500 in fifteen years and the worst six month period for the index in 28 years. September is traditionally the worst month
Partly as result of the declines in the stock markets, and partly as result of shifts in their investment policies, German institutions have gone from a previously increasing reliance on equities to a dramatic decrease. This is the key finding
Union Bank of California announced today that it had opened an institutional representative trust office in New York City. The office is located at 540 Madison Avenue and complements the company's existing trust and retirement plan operations in California, Oregon
OM announced today that UBS Global Asset Management (UK) Ltd has become the first buyer of its corporate actions workflow solution. UBS Asset Management was part of an "early adopter" programme run by OM. The entry of the Stockholm based
OM announced today that BB&T Capital Markets and Galway Securities Corporation have contracted with the company to deliver institutional order management services via OM's ASP service. The Swedish trading and transaction technology company says the deal "underscores the continuing trend
After a six month interregnum, State Street has a new CFO. Edward J. Resch, until recently CFO at Pershing, takes the post, which reports to David Spina, Chairman and Chief Executive Officer. "We are very pleased to have an individual
ADP Brokerage Services Group (ADP) announced today that WestLB AG had signed a long term outsourcing agreement to use ADP OMR's TradeThru ASP solution for their treasury processing in London . The intention is to expand the agreement" to other
BNY Midwest Trust Company, a subsidiary of The Bank of New York, announced today that it has been selected to serve as an indenture trustee, transfer and paying agent and custodian for the $100,000,000 Business Loan Express Business Loan Backed