Fund Administration

No More Insured Municipal Bonds for Funds

The Boards of Trustees of six Vanguard funds have decided to remove the requirement that the funds hold a minimum percentage of their assets in municipal bonds that are insured. The decision was based on several factors, including the declining

Mellon Wins Norwich Union Fund Supermarket Mandate

Norwich Union's online personal finance service, norwichunion.com, has awarded the fund administration of its new fund supermarket to Mellon Global Securities Services, the third party administration and global custody arm of Mellon Financial Corporation. Mellon is providing full administration services

Delaware Mutual Funds Go For 'eDelivery'

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

BISYS Investment Services For Aggressive Growth In Europe

BISYS Investment Services, a leading global financial services provider, today announced a key expansion of its senior management designed to position the company for continued growth in the European market. Simon Shapland joins as Senior Vice President, Sales Europe. Simon

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