Diary

State Street to Buy Deutsche Custody Business in the US?

Speculation is rife in the wake of the departure of Steffan Gmuer that Deutsche Bank has put the US custody business it inherited from Bankers Trust on the block. The likeliest buyer of the business, which is haemorrhaging clients, is

Who is SWIFT Talking To?

Everybody interested in such matters rightly assumes that the senior management of SWIFT is searching frantically for a replacement to Global Crossing. They know Radianz has received an invitation to the party. But who else should SWIFT invite? It is

Is SEI Investments Wise to Boast so Openly…?

In the post Enron environment, many will wonder if SEI Investments is wise to boast so openly and so often of its fantastic financial performance. The leadership of the Pennsylvnia based fund management and fund administration technology outsourcing firm never

Global Double Crossing – Vulgar Abuse of Management…?

Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA

Islamic Conference: Who is Prepared To Brave Shoe-Bombers?

Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA

Political Correctness Makes Good Business For Merrill

If you thought September 11 and the subsequent assault on terrorist networks in Afghanistan had made multi culturalism unfashionable, think again. Merrill Lynch today announced the formation of a new business unit, Multicultural and Diversified Business Development. Headed by Subha

Dick Feehan Quits Lehman

Dick Feehan, the former custody sales wizard at Bankers Trust, has quit Lehman Brothers. The great man is off skiing for a week, and so unavailable to comment, but the City rumor mill says that, although he is talking to

Has Andre Lussi Found a New Berth in Venice of the North?

Could Andre Lussi, former president and CEO of Clearstream, have found a new berth in the Venice of the North? According to unconfirmed reports, he was spotted in Stockholm near the headquarters of OM, which is looking for new leadership