Fund Administration

Alain Guerard, director of business development for Europe at Fortis Fund Services in London, has left the Benelux bank to join a competitor. His new berth is not yet known.

Egg, the fund supermarket and Internet bank owned by the Prudential, is no longer losing money. In the first quarter of this year it recorded a pre tax profit of 4.1 million, against a loss of 37.2 million for the

SEI Investments today announced that it had expanded its relationship with Advent Software Inc. The IT firm integrates SEI's investment processing solutions with Advent TrustedNetwork, an account consolidation data services solution. The agreement aims to give SEI clients banks, trust

EMX Co, the electronic fund trading and messaging exchange, is developing new message types to improve the abilities of intermediaries and providers to reconcile the number of units across all transactions. This service, which is being launched in Autumn 2002,

Cogent Investment Operations Jersey Limited today has been appointed to undertake the administration of Threadneedle's new range of Jersey based funds. The new vehicle, called Threadneedle Jersey Funds Limited, will be in an umbrella structure. The assets of each fund

SEI Investments says its three year old relationship with California based City National Bank is expanding. The bank first selected SEI to administer and distribute its CNI Charter Funds, its family of proprietary mutual funds with $4 billion in assets

The Organisation for Economic Co operation and Development (OECD) today named seven so called tax havens which continue to resist its attempts to browbeat them into abandoning their right to compete with the tax regimes of the large and rich

Deutsche Bank announced today that it had formed a strategic alliance with Invesco, a subsidiary of New York listed fund manager Amvescap to distribute Invesco funds to its customers. The alliance is the first third party distribution deal to be

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of