Schroder Investment Management Singapore has given its transfer agency business to the Dexia Fund Services operation in Singapore. Schroders have moved their registration function for the Singapore market entirely to Dexia. The European banking group says Schroders will "benefit from
Global Advisors, the specialist commodities alternative asset manager, has signed a deal with Transact, a portfolio wrap service operated by Integrated Financial Arrangements, to offer IFAs and their clients access to the Global Advisors energy and metals fund. IFAs can
Knight Trading Group has agreed to pay $79 million to resolve regulatory inquiries related to improper trading and said quarterly earnings would miss Wall Street estimates. Knight, whose shares fell as much as 8 percent, said it would take a
Northern Trust has been selected as fund services provider by LSV Asset Management. It will provide global custody, cash management, foreign exchange, valuation, and participant reporting services to a range of group trust and limited partnership services for the newly
UBS wants to expand its wealth management services, especially in Asia, CEO Peter Wuffli told a newspaper on Monday. "Our prime intention is to reinvest in the segments which are most promising for our core business to stimulate organic growth
UK wealth manager St. James's Place Capital is ridding itself of a stake in a life assurance company that contributed to it posting a loss in 2002, the company said on Thursday. St. James's Place is selling its 23 percent
ATP, Denmark's largest pension scheme administrator, has chosen Euroclear's FundSettle as its pan European processing platform for all non Danish fund transactions, as part of its new special savings scheme. Folkeboersen (People's Exchange) goes live on 1 January 2005 and
Clearstream's Vestima+ platform will connect to BNP Paribas Securities Services as centralising agent for their mandated French mutual funds. Through this service, any fund distributor using a normal Clearstream Banking Luxembourg account will be able to settle orders through a
Five US brokerage houses are to pay a total of $625,000 in fines to settle allegations by the National Association of Securities Dealers (NASD) that they failed to halt late and unlawful trading in mutual funds. The Washington based self
UK brokers and IFAs that fail to harness the potential of e commerce will be driven out of business by tech savvy rivals. These so called "Techno Savvies" are now the UK broker markets' dominant group, representing about a third