PFPC, the PNC Financial fund administration subsidiary which is expanding from its Dublin base into Continental Europe , announced today that Dublin business development executive Jason P. Boyes is being moved to PFPC Luxembourg to head up the expansion drive
Liberata, the UK based specialists in back office outsourcing life offices and pension plans, has entered into an "evergreen" contract to service life policies of customers of Barclays Life and its subsidiary, Woolwich Life. The contract, with an approximate value
Merrill Lynch International today announced that the management fees for its Euro STOXX 50 and STOXX 50 LDRS will be cut from 0.50% to 0.35% with immediate effect. The fee cut aims to affirm Merrill Lynch as a market leader
SEI Investments has announced it will offer a straight through mutual fund processing solution. SEI intends to offer the solution on an outsourced basis to national, regional and community banks independent trust companies investment advisors broker dealers, and investment managers
Brown Brothers Harriman will outsource online enrollment and employee benefits administration services for its 3,100 workers to Black Mountain Group. Specific terms of the agreement have not been disclosed, but two BBH staff members have been added to Black Mountain's
The Bank of New York announced today that it has been named as service provider for the ETF Advisors family of fixed income exchange traded funds whose Fixed Income Trust Receipts (FITRS) trade on the American Stock Exchange. With the
BISYS announced today that Bear Stearns Asset Management has expanded its outsourcing relationship with the company. BISYS's Single Source 401(k)TM platform was selected to support Bear Stearns' 401(k) sales. It provides plan administration, daily valuation and recordkeeping services, employee communications,
BISYS announced today that from January 1, 2003, Dennis R. Sheehan, 47, the company's current President and Chief Operating Officer will succeed company founder Lynn Mangum as Chief Executive Officer of the company. Mangum, 60, will continue in his current
Amvescap has agreed to buy New York based private wealth firm Whitehall Asset Management and affiliates from the Industrial Bank of Japan Trust Company. Whitehall has around $1.5 billion of assets under management.
The Vanguard Group has unveiled the VanguardAdvantage Account, a new cash management account that combines the features of a traditional bank checking account with Vanguard's brokerage and investment services.