JPMorgan Investor Services announced today that, following changes to the Russian Tax Code, it has negotiated arrangements for tax treaty relief to be granted to its clients at the time of income payment. Previously, clients were unable to receive treaty
Confirming swirling rumors, State Street has confirmed that it is in "exclusive discussions" regarding the acquisition of Deutsche Bank's global securities services business. That means in practice that only the lawyers' final assent stands in the way of State Street
State Street has officially confirmed today that it was in exclusive negotiations with Deutsche Bank to buy parts of its custody business. No details were given, but the parts in which the Boston based custodian is known to be interested
Deutsche Bank today announced that it has entered into exclusive discussions with State Street Corporation aimed at signing definitive agreements in relation to the sale of substantial parts of its Global Securities Services business. The business units included in the
Deutsche Bank AG and GE Commercial Finance, through its Vendor Financial Services (VFS) business, announced today that they have entered into a definitive agreement for Deutsche Bank to sell Deutsche Financial Services' commercial inventory financing businesses. Under the terms of
OM, the Swedish IT company, will unveil its Corporate Actions System (CAS) at Sibos. CAS aims to provide full lifecycle processing of corporate actions, and OM claims it can increase efficiency by up to two thirds. Back Office for Hire,
Legal & General is the largest manager of UK pension funds, according to a survey of investment managers, published today by Hymans Robertson, a firm of consultants and actuaries. The "Big 50" survey, which provides an overview of the 50
An announcement is expected early this week confirming that State Street has acquired not only the US and UK Custody businesses of Deutsche bank and its offshore fund administration operations in Dublin and Edinburgh, but also domestic depotbank fund administration
The sale of parts of Deutsche Global Securities Services (GSS) is approaching a conclusion. An announcement is expected within days. Reuters reports today that analysts believe State Street is the buyer, but this is unconfirmed and to some extent contradicts
After lagging virtually every other investment style for years, active managers have finally come into their own. In 2001 actively managed pension funds outperformed index funds in most of the major markets, according to research by the WM Company. The