Thomson Financial has once again ranked Bank of New York as the leading trustee for new US asset backed securities (ABS) and mortgage backed securities (MBS). The data, gathered by Thomson Financial, pertains to the first half of 2002. Thomson
Paul Bateman, currently head of JPMorgan Fleming Asset Management for Europe, Asia and Japan, has been appointed Chief Executive Officer of JPMorgan Fleming Asset Management worldwide. The appointment follows the decision of Ron Dewhurst, head of JPMorgan Fleming in the
Citibank today announced the launch of a web enabled treasury outsourcing solution Citibank Agency Treasury Services. It has developed the service in conjunction with the treasury services software provider, Trema. "The enhanced capability brings to market an end to end
Lateral thinking could produce a variety of possible outcomes. Trading platforms, new retail record keeping utilities, netting engines and so on. The market is populated by great ideas and competitive ventures. ECN's were a classical example. The key issue is
HSBC Global Investor Services (GIS) has been appointed by Old Mutual Fund Managers Limited (OMFM) to act as trustee and custodian for GBP 1 billion of former funds of Gerrard Investment Funds Limited (GIF). This appointment follows the integration of
HSBC Global Investor Services (GIS) has been re appointed as custodian by two pension fund clients the Royal Borough of Kensington & Chelsea and the West Yorkshire Pension Fund. This secures for GIS custody of assets worth 205 million and
Half year results from fund manager Schroders confirm the impact of plunging stock markets on fee based businesses throughout the securities industry. Underlying asset management profit was down by nearly half to 46.8 million (H1 2001 74.2 million), and profit
Diederik Laman Trip (55) will be appointed Chairman of the Management Committee Netherlands as of 1 January 2003. Laman Trip has been a Member of the Executive Committee ING Europe since 1 January 2000 and is currently responsible for Retail
Bank of New York says it has created a new global Global Payment Services unit, which combines three BNY divisions Domestic Cash Management, serving U.S. corporate, middle market, government and financial services clients International Cash Management, serving the payment needs
BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that Dennis Wallestad has joined its executive management team as executive vice president and chief administrative officer. Mr. Wallestad will be responsible for leading the finance,