European banks will spend 450 million on front office web based cash management technology in 2003, and the sum will rise steadily to 640 million in 2005. Or so says Celent Communications in a new, 45 page report, European Web
Dexia BIL, whose Fund Services group now administers US $120 billion in ten locations around the world, announced today that it is purchasing the Safran data consolidation solution for Dexia Fund Services from Cartesis, a European supplier of financial and
London based Odey Asset Management, best known as a hedge fund manager, has launched a long only European fund. The Odey Pan European fund, a Dublin registered UCITS, is aimed at international and offshore investors. It will be managed by
State Street announced today that it has been appointed by Deutscher Ring Versicherungen, a German insurance company, to provide a full range of Depotbank services for the company's portfolio of global assets, which consists mainly of European equities and bonds.
The Bank of New York announced today that it has been selected by NuVerse Advisors LLC as fund administrator for its newly established alternative investment vehicle, the S3 Global Macro Fund LTD. NuVerse Advisors LLC is an investment management firm
NeoNet, the Stockholm based international agency brokerage for institutional investors, announced today that it has added London listed exchange traded funds (ETFs) to its product set. NeoNet already offers execution of ETFs on the Stockholm, Frankfurt, Paris, Amsterdam and Helsinki
BISYS announced today that its outsourcing relationship with Ohio based Banc One Investment Advisors, the investment advisor of the One Group Mutual Funds, had been extended and expanded. BISYS was selected to provide fund accounting, administration, and transfer agency services
The first exchange traded fund (ETF) on a fixed income index in Europe was launched on Thursday in the XTF segment of Deutsche Brse. The ETF eb.rexx Government Germany EX is issued by Indexchange and tracks the Eurex Bonds Government
As ethnic minority populations get larger and more affluent, they are becoming key markets for U.S. financial services providers. While some providers already have ethnic marketing strategies, few of these include the Web, which will soon become a competitive requirement.
ING Group announced today that it had agreed with Fineco Capitalia of Italy to acquire Entrium, Germany's second largest direct bank. ING will acquire Entrium through its 70% owned subsidiary DiBa, the oldest and largest direct bank in Germany. The