Fund Administration

Mellon Gets Serious in Dublin

Mellon Fund Administration (Dublin) Limited has made several significant new appointments John Maguire, Chief Operating Officer John Maguire is Chief Operating Officer of Mellon Fund Administration (Dublin) Limited, responsible for the Fund Accounting and Transfer Agency activities carried out in

Money Market Mutual Fund Assets January 3

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Durlacher Chooses City Financial Managers

Quoted brokerage and investment banking house Durlacher Limited has chosen City Financial Managers to administer two new OEICs it is launching early this year. For Durlacher, starting a fund management arm yielding a reliable income stream is part of its

IDC Buys Merrill Lynch Securities Pricing Service

Interactive Data Corporation will acquire the Securities Pricing Service (MLSPS) of Merrill Lynch & Co., Inc. for $48 million in cash. MLSPS is a provider of information on global financial instruments and provides prices on 2.9 million equity and fixed

Bisys Announces Two High Profile Hires

Bisys has announced two high profile hires. Simon Shapland joins from ABN Amro Mellon as SVP, Head of Sales Europe and Stewart Copland as VP, Head of Client Relations Europe from Mellon Fund Administration.

BNY (Luxembourg) Establishes Branch In Belgium

The Bank of New York announced that its subsidiary, The Bank of New York (Luxembourg) S.A., has established a Belgian branch that will enable it to offer custody and administration services to Belgian domiciled collective investment undertakings (UCIs). The Bank

KBC Bank NV Selects SunGard for STP intelliMATCH

SunGard eProcess Intelligence, an operating unit of SunGard announced that KBC Bank NV, Belgium's third largest bank, has selected intelliMATCH for matching and reconciliation of securities items and related cash. SunGard's exception processing solutions help improve straight through processing rates

20% Growth Seen In Hedge Fund Assets In 2002

For the second consecutive year, leading hedge fund advisory firm Parker Global Strategies is forecasting 20% plus growth in global allocations to hedge funds in 2002, with arbitrage strategies expected to net the biggest inflows of assets. "Hedge funds will

BNY Retains Faith in Outsourcing Boom

Nowhere is the belief that tougher market conditions will force fund managers hooked on ad valorem revenues to pay closer attention to costs held more strongly than at fund administrators. Bank of New York is so keen on the idea