The Bank of New York announced today that it has been selected by Diebold, Incorporated as master trustee custodian for its defined benefit plan, which has in excess of $300 million in defined benefit assets. As part of this appointment,
Bertrand Ducrot, vice president and head of client relationship management in the securities services division at Credit Agricole in Paris, is to take up a new job in Casablanca with the Credit Agricole affiliate, WAFABANK.
Instinet today claimed that, according to a leading independent evaluator of institutional trading costs, it ranked first in value added for both Nasdaq and Listed executions during 2001 when compared to a universe of full service brokerage firms. The rankings
A rattling good yarn it is not, but Securities Operations A Guide to Trade and Position Management is probably the first hands on handbook to look at what it is actually like to capture a trade, reconcile settlement instructions, settle
Bank of Ireland today announced the proposed acquisition by its subsidiary, Bank of Ireland Asset Management ('BIAM'), of Iridian Asset Management ('Iridian'), an independent US investment manager with c. $11.0 billion (c. €12.1 billion) under management. The acquisition gives BIAM
Thomas C. MacMillan, president and chief executive officer of CIBC Mellon, today announced the promotion of Robert Shier to the position of senior vice president and chief operations officer of the organization. Overseeing the operations for both of CIBC Mellon's
FXall, the portal for online foreign exchange trading, today announced that ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank, Nordea and SEB Merchant Banking have all
Mercer Human Resource Consulting has been appointed actuary, administrator, investment and communication consultant to the Sara Lee UK Pension Plan. A new defined benefit scheme is being set up to incorporate the existing five UK pension schemes operated by Sara
Mercer Says UK "Duty of Care" on Trustees Too Onerous Mercer Investment Consulting has responded to the government's consultation on the responsibility of trustees to be 'familiar with the issues' in the area of pension fund investment.Andrew Kirton, Head of
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, today announced the completion of the transfer of the passive equity business of Gartmore Investment Management, which is now owned by the Nationwide Mutual Insurance Company. The