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
JPMorgan Investor Services announced today that it has added after tax performance reporting capabilities to its fund administration platform. "Clients can decrease their risk and comply with SEC mandates to calculate pre tax and after tax returns without incurring high
MetLife Investors have chosen State Street to provide its Met Investors Series Trust with custody, fund accounting, fund administration and securities lending services. State Street will also serve as transfer agent for the $2.5 billion Trust. The Trust currently comprises
State Street announced today that it has been appointed to provide a full range of investor services to Credit Suisse Funds and ING Funds. State will supply the two fund families, which between them manage $26 billion in assets, with
Zurich Finnacial Group announced today that it had sold Zurich Afore, its private retirement fund management company in Mexico, to the Principal Financial Group. Five days ago, Zurich confirmed a net loss of US$ 387 million for 2001. The disposal
The European Fund Services division of the Bank of New York has won the mandate to service the retail fund management operation launched by Barcalys Global Investors (BGI). This is a much bigger win than two earlier mandates secured by
BOC International, the investment banking arm of Bank of China, has acquired Hutchison CSFBdirect, a online retail brokerage joint venture between CSFB and Hutchison E Commerce, a division of conglomerate Hutchison Whampoa, which is owned by billionaire Li Ka shing.
Daiwa Asset Management and Nomura Asset Management are each adding four new Exchange Traded Funds (ETFs) to the seven that already trade on the Tokyo Stock Exchange. They will track the TOPIX Core 30, TSE Electrical Appliance Sub Index, TSE
Cortal the BNP Paribas owned fund supermarket which pioneered on line stock trading and fund distribution in France, and now operates in Luxembourg, Italy and other European countries as well reported 2001 pre tax profits of Euros 7.7 million, despite