Fortis announced a few appointments for its US, European and Asian operations. Mr. Michael J. Scanlon joined Fortis Fund Services as Managing Director, Marketing and Sales (US). Prior to joining Fortis Mr. Scanlon was a senior sales and marketing executive
OM announced today that its Retail Order Management system has gone live at Vanguard Brokerage Services. In production since mid September, the system enables over 500,000 Vanguard brokerage clients to directly access their accounts and initiate orders via the Internet,
Penson Worldwide Settlements Limited, a subsidiary of Dallas based clearing, custody, and settlement services agent Penson Worldwide, have signed an agreement with the Business Architects International (BAI) software firm to add portfolio measurement and modelling, order management and client reporting
BNP Paribas continues to restructure its CortalConsors on line retail brokerage and wealth management business. Having closed the investment banking branch of Consors Capital Bank AG in Frankfurt, CortalConsors has now sold its Swiss operation and closed its online brokerage
Retail investors can now bypass brokers and trade directly on the world's derivatives, equities and bond exchanges at the click of a mouse. Or so says EasyScreen, a provider of trading technology for the equities, derivatives and bond markets, whose
The Bank of New York (BNY) announced today that it has acquired EMAT, a provider of processing services for individually managed accounts, and LFG Inc, a provider of individually managed account services to IFAs. EMAT provides money managers, sponsors, investment
Paul G. Haaga, Jr., Executive Vice President and Director of Capital Research and Management Company, of Los Angeles, was elected today to a one year term as Chairman of the Investment Company Institute, the national trade association of the American
BISYS announced today that it has been selected to support Connecticut based Advest, Inc. and the launch of its new, private labeled Individual(k) retirement plan product. BISYS will support the retirement plan alternative, which was introduced as a component of
Northern Trust has appointed Peter Jordan, a Senior Vice President, as managing director, Northern Trust Ireland. The subsidiary, based in Dublin, has a custody arm but operates chiefly as the Fund Services division of the bank, and Jordan is charged
The McHenry Consulting Group today announced the release of High Net Worth Data Aggregation Realizing the Profit Potential. The Paper addresses the Securities and Exchange Commission's (SEC) legal and privacy concerns that have been raised around the area of fee