Mellon Fund Administration has secured its first significant business win in Dublin. The bank has been awarded a comprehensive asset management and servicing mandate from HVB Group for the bank's newly launched multi manager funds. HVB Group is the first
iBoxx Limited and iShares plc have announced an agreement to license iBoxx indices as the basis for Exchange Traded Funds (ETFs) to be launched on Deutsche Brse's XTF Segment. The new products are scheduled for trading early 2003, subject to
BISYS announced today Huntington National Bank has expanded its outsourcing relationship with the company. BISYS was selected as the fund accountant for the bank's recently launched mutual fund, The Situs Small Cap Fund. BISYS established its growing relationship with Huntington
Reech Capital PLC has signed a deal with Daiwa Securities Trust and Banking (Europe) plc in Dublin, to be its provider of regular mark to market valuations of the OTC equity derivative elements contained within hedge fund client portfolios. Reech
Northern Trust has appointed Meliossa O'Caoimh as Head of Operations for its Dublin based fund administration subsidiary, Northern Trust (Ireland) Limited. O'Caoimh, in her role as the Head of Operations, will be overseeing the management of Northern Trust's main Operations
International mutual fund managers will draw significant new investments from Latin American institutional investors over the next five years, says mutual fund research consultancy Cerulli Associates. This will compensate them for continued weakness in the increasingly competitive private investor segment,
BISYS confirmed today that California based AXA Rosenberg Mutual Funds has renewed its outsourcing relationship with the company. BISYS will continue to support AXA Rosenberg's $850 million family of 11 funds with fund administration, accounting, distribution, transfer agency, compliance and
Sophis, a provider of portfolio and risk management solutions announced today that AXA Investment Managers (AXA IM) has licensed its VALUE Front and Middle office tools for the convertible bonds activity including its new Irish convertible bonds arbitrage hedge fund
Northern Trust has been selected as custodian to investment advisory company Summit Investment Partners' Apex Series and Pinnacle Series mutual funds. Summit Mutual Funds has appointed Northern Trust's Global Fund Services Practice to provide global custody, foreign exchange, securities lending
Merrill Lynch announced today that it is creating a new Global Private Client Group (GPC) to combine the firm's U.S. and International Private Client Groups. It will be headed by James P. Gorman, executive vice president and current president of