BISYS announced today it had acquired Washington based Select Insurance Marketing Corporation (SIMCO), an insurance brokerage firm specializing in the wholesale distribution of long term care insurance. Terms of the transaction were not disclosed. BISYS is looking to expand its
Clearstream announced today that it was buying Filinks from CDC Ixis Capital Markets, in order to enhance the mutual fund processing capabilities of its Vestima platform. Filinks has developed a technology (FORS) which Clearstream says can dramatically improve STP rates
The Sierra Club an American environmental pressure group with 700,000 members has teamed up with Forward Management to offer its members and other Green enthusiasts mutual funds. The Sierra Club Funds will select securities for potential investment based on environmental
Morgan Stanley and BISYS today announced a strategic alliance to provide self employed business owners with stronger and more efficient retirement programs through the Morgan Stanley Individual(k) Program. The alliance will see the Morgan Stanley Individual(k) program use BISYS technology
Mellon today announced the replacement of Harley Murphy by Kevin Potts as Managing Director of its offshore fund administration business in Dublin. Potts was previously Managing Director of BNP Paribas Fund Services (Ireland) Limited and, before that, a Group Manager
BISYS says it is expanding its capabilities to support principal protection funds, which guarantee investors return of principal, to help clients to enter the market. BISYS has also observed that in current market conditions principal protection funds are growing quickly,
JPMorgan Investor Services announced today that it had been selected, after a competitive bid process, by OppenheimerFunds, Inc. as a service provider for their mutual fund assets. The bank will provide a wide range of services to over $35 billion
The Bank of New York (BNY) announced today that it has been named Exchange Traded Fund (ETF) services provider to the NASDAQ 100 European Tracker Fund, which was launched on NASDAQ Europe on 2 December 2002. BNY is the investment
Aquila, the pensions administration solutions provider which recently acquired Heywood, today announced the launch of an Application Service Provider (ASP) version of its core product offering. The first client for the new service is Tate & Lyle Pension Trust Limited,
Egg, the Internet based banking, insurance, investment, mortgage and shopping supermarket majority owned by the Pru, was recently voted the world's largest purely online bank by Nielsen Netratings UK audience measurement. Its "unique" audience of 1,507,000 customers at end October