Royal Bank of Scotland, the early favourite o buy the Egg banking and mutual fund supermarket from Prudential, has allowed its period of exclusivity in negotiations to expire without agreement on a price. This means credit card provider MBNA and
EMXCo says BNP Paribas Securities Services went live on the EMX Message System, its electronic mutual fund dealing and valuation service, at the end of December. "We are delighted to welcome BNP Paribas on board the EMX Message System and
KSM Financial Instruments has launched a new ETF on the Israeli Stock Exchange. The DJ EuroStoxx 50 linked ETF is a vehicle for investors to continuously trade in the DJ EuroStoxx 50 Index in real time, with an option to
ABN AMRO Private Banking has opened a representative office in Marbella, Spain, to enable the bank to deliver a personal service to affluent clients living or based in Marbella.
Lyxor Asset Management has launched an Exchange Traded Fund (ETF) to track the eurozone government bond market. The ETF, named the EuroMTS Global Master Unit, will initially be listed on Euronext Paris. Liquidity will be ensured by SG Corporate &
BNY Alternative Investment Services has been selected by NewMarket Capital Partners as fund administrator for its fund of funds. NewMarket Capital Partners has $240 million in assets under management in fund of hedge funds strategies. "We selected The Bank of
BISYS has reported net income of $20.0 million for the quarter ended 31 December 20003, 30% below the comparable period in 2002. The results for the fiscal second quarter of 2004 include restructuring charges of $1.4 million associated with the
Royal Bank of Scotland has overtaken credit card issuers MBNA and Capital One as the favourite to buy Egg, the web based bank and fund supermarket 79 per cent owned by UK life and pensions provider Prudential, mainly because its
One of the side effects of the merger between J.P. Morgan and Bank One is the creation of a giant mutual fund management company with over $205 billion in assets enough to make it the fourth biggest US fund manager,
Demand for compliance officers in the US mutual fund industry is soaring in the wake of the series of scandals that have afflicted the business, say headhunters Russell Reynolds, in a study to be published tomorrow. The study also predicts