The City of Baltimore's Deferred Compensation Plan has selected CitiStreet to be the administrator for its 457 deferred compensation plan, it was announced today. CitiStreet will provide record keeping, administration, customer service, on site enrolment and communication and education for
BISYS announced today that it has acquired Minnesota based First Northern Financial Resources, Inc., an insurance brokerage firm specializing in the wholesale distribution of traditional life insurance and annuities. Terms of the transaction were not disclosed. The acquisition of First
BISYS today revised earnings guidance for its current September 30 fiscal quarter. For the fiscal first quarter ending September 30, BISYS anticipates reporting earnings per diluted share of $0.20 before restructuring charges as compared to $0.19 per diluted share for
The Bank of New York announced today that it has been selected to provide securities services for The Managers Funds and Managers AMG Funds. The Bank of New York will provide mutual fund accounting, securities lending and global custody services
China's mutual fund market could be worth US$350 billion by 2030, predict fund consultants Ceruli Associates in the latest issue of The Cerulli Edge Global Edition. "Coupled with successful pension reform expected to generate as much as US$1.8 trillion by
Mellon Financial Corporation has announced the appointment of Brendan Leddy as Risk and Compliance Officer for Mellon Fund Administration (Dublin) Ltd in Ireland. He will be responsible for ensuring that Mellon maintains compliance with the regulation of the Central Bank
IMI Bank Luxembourg, a fully owned subsidiary of Banca IMI Milan Italy, a member of the SanPaolo IMI Group, announced today that it had selected European Fund Administration S.A. (EFA) to provide a comprehensive outsourcing solution for its Luxembourg fund
Mutual fund assets in Asia (ex Japan) will rise to US$495 billion by 2006, according to fund analysts and consultants Cerulli Associates. This implies a 14 per cent a year compound growth rate from the level of US$252 billion at
The Swiss are famed for private banking. So it is not surprising to find Deutsche Bank, as part of its Ackermann led restructuring, putting its private and business retail clients into a single business under a single brand in a
Eurex plans to start trading futures and options on exchange traded funds (ETFs) from November 18 this year, the derivatives exchange told delegate at the 23rd Brgenstock Meeting near Lucerne, Switzerland. "With these new products, Eurex will be the first