BNP Paribas Fund Services the fund administration arm of BNP Paribas Securities Services has taken on the fund administration functions of BNP Paribas Gestin de Inversiones, the Spanish fund management arm of BNP Paribas Asset Management (BNP PAM). BNP Paribas
BISYS has launched its PrudentAdvisor program, a suite of services designed to support investment advisors' retirement plan businesses. PrudentAdvisor has been designed to help advisors attract and retain retirement plans by enabling advisors to meet increased standards for governance and
Trading of the eb.rexx Jumbo Pfandbriefe EX in the XTF segment on the Deutsche Borse started yesterday. It was issued by Indexchange Investment AG, and is based on the eb.rexx Jumbo Pfandbriefe selection index. The index is calculated by Deutsche
PowerShares Capital Management LLC has today introduced a new exchange traded fund (ETF) based on the Halter USX China Index, the only index devoted to US listed securities of companies that derive a majority of their revenues from the People's
AXA Investment Managers says it has completed the outsourcing of its investment management operations to State Street. The deal by which the American bank has taken over the middle and back office operations of what was until this year regarded
Insurer Hartford Financial Services has received a subpoena from New York Attorney General Elliott Spitzer seeking information related to its underwriting of professional malpractice insurance for lawyers and law firms. Connecticut based Hartford Financial is the third insurance company Eliot
Fidelity Investments has the support of New Hampshire Senator Judd Gregg (a Republican) in its battle against the Securities and Exchange Commission (SEC) stipulation that mutual fund companies appoint an independent chairman. The rule would unseat Edward C. Johnson III,
With US banks, insurers and brokerage firms offering separately managed account programmes, expenditure on the outsourcing platforms and technology to support them will rise steadily to $439.2 million by 2008. Or so say consultants Tower Group in a new study
The Isle of Man Financial Supervision Commission has introduced a new Companies Registry Internet Search Facility, a web based search tool for companies based in Isle of Man, overseas companies registered in the Isle of Man, LLCs and Business Names.
The Bank of New York has launched a full service brokerage solution for high net worth individuals, providing a complementary option to its traditional discretionary account management services, with the aim of positioning the firm as a preferred financial advisor.