Nowhere is the belief that tougher market conditions will force fund managers hooked on ad valorem revenues to pay closer attention to costs held more strongly than at fund administrators. Bank of New York is so keen on the idea
Patrick Zurstrassen, managing director and president of the management committee at Credit Agricole Indosuez Luxembourg, will leave the bank shortly. It seems that Zurstrassen one of the biggest names in European fund administration, and the man who did more than
John Pauly, managing director of Luxembourg based transfer agent First European Transfer Agent (FETA), has confirmed that the company has ambitious expansion plans in the United Kingdom. While visiting London for a conference, Pauly confirmed that FETA expects to have
Mellon Trust continues to defy the conventional wisdom that the 1 per centexpenses cap means nobody can make money out of stakeholder pensions. Having secured stakeholder administration business from the Nationwide Building Society already, Mellon Trust has now added an
Computershare Ltd., the world's largest and only global transfer agent, and a leading service and technology provider for the global securities industry, announced that it has signed a strategic service agreement with Citibank Agency and Trust and is providing services
The Liberty Ermitage Group has appointed Mark Hucker as the Group Executive Director Infrastructure responsible for all aspects of operations, finance and compliance, reporting to Ron Mitchell, Chief Executive Officer. He joins from Perpetual where he was Finance Director and
PricewaterhouseCoopers has undertaken an interim update of its 2001 UK investment management survey to assess the industry's response to increased competition and the aftermath of 11 September. 21 firms with over 1000 billion under management participated in the interim update.