Fund Administration

EFA Wins Out-Sourcing Mandate From IMI Bank

IMI Bank Luxembourg, a fully owned subsidiary of Banca IMI Milan Italy, a member of the SanPaolo IMI Group, announced today that it had selected European Fund Administration S.A. (EFA) to provide a comprehensive outsourcing solution for its Luxembourg fund

Deutsche To Pursue Mass Affluent of Europe

The Swiss are famed for private banking. So it is not surprising to find Deutsche Bank, as part of its Ackermann led restructuring, putting its private and business retail clients into a single business under a single brand in a

Eurex To Launch Futures and Options on ETFs

Eurex plans to start trading futures and options on exchange traded funds (ETFs) from November 18 this year, the derivatives exchange told delegate at the 23rd Brgenstock Meeting near Lucerne, Switzerland. "With these new products, Eurex will be the first

First ETFs Listed In Korea

The first two ETFs will be listed and traded on the Korea Stock Exchange on 26 September, says Citibank. The Net Asset Values (NAVs) of the ETFs will be disclosed on a real time basis through the KSE. The minimum

MISYS Offers Golden Hellos to IFAs

MISYS is looking to fatten up its IFA related businesses in the UK, which it announced recently it intends to float. The company launched today what it calls a "recruitment retention retirement package" which offers substantial cash benefits to firms

AEGON UK Buys Stake in AssureWeb Portal

Misys announced today that AEGON UK has become a shareholder in AssureWeb, its e trading portal for Independent Financial Advisers ('IFAs'). AEGON UK joins four other product providers Clerical Medical, Friends Provident, Norwich Union and Scottish Widows who have collectively