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
The first two ETFs will be listed and traded on the Korea Stock Exchange on 26 September, says Citibank. The Net Asset Values (NAVs) of the ETFs will be disclosed on a real time basis through the KSE. The minimum
Fund Resource, a division of Quantitative Advisors, says it has developed a tool for mutual fund transfer agents to comply with the proposed rules and regulations of the US Office of Foreign Assets Control (OFAC). "US mutual fund transfer agents
MISYS is looking to fatten up its IFA related businesses in the UK, which it announced recently it intends to float. The company launched today what it calls a "recruitment retention retirement package" which offers substantial cash benefits to firms
Misys announced today that AEGON UK has become a shareholder in AssureWeb, its e trading portal for Independent Financial Advisers ('IFAs'). AEGON UK joins four other product providers Clerical Medical, Friends Provident, Norwich Union and Scottish Widows who have collectively
The Independent newspaper, published in the UK, speculates that troubled Zurich Financial may have to sell Threadneedle Asset Management , its UK fund manager, to raise cash. Zurich sold Scudder, its U.S. fund management business, to Deutsche Bank last year
HSBC Global Investor Services (GIS) has been appointed by Old Mutual Fund Managers Limited (OMFM) to act as trustee and custodian for GBP 1 billion of former funds of Gerrard Investment Funds Limited (GIF). This appointment follows the integration of
The Rothschild Group said it may sell its institutional and mutual fund units, which oversee a combined $20.6 billion of assets, to concentrate on managing accounts for wealthier clients , according to a report by Bloomberg . The report quotes
JP Morgan Investor Services has helped the Gothaer Insurance Group launch the first product independent insurance company fund supermarket trading platform for mutual funds trading in Germany. The plan is that Gothaer's distributors will now be able to market a