Fund Administration

Bisys has announced two high profile hires. Simon Shapland joins from ABN Amro Mellon as SVP, Head of Sales Europe and Stewart Copland as VP, Head of Client Relations Europe from Mellon Fund Administration.

The president of Nikko Asset Management Co. will step down to take responsibility for a massive pullout by investors from one of the firm's managed funds, the company announced Monday. Investors have withdrawn more than 3.7 trillion yen from a

The Bank of New York announced that its subsidiary, The Bank of New York (Luxembourg) S.A., has established a Belgian branch that will enable it to offer custody and administration services to Belgian domiciled collective investment undertakings (UCIs). The Bank

SunGard eProcess Intelligence, an operating unit of SunGard announced that KBC Bank NV, Belgium's third largest bank, has selected intelliMATCH for matching and reconciliation of securities items and related cash. SunGard's exception processing solutions help improve straight through processing rates

For the second consecutive year, leading hedge fund advisory firm Parker Global Strategies is forecasting 20% plus growth in global allocations to hedge funds in 2002, with arbitrage strategies expected to net the biggest inflows of assets. "Hedge funds will

Nowhere is the belief that tougher market conditions will force fund managers hooked on ad valorem revenues to pay closer attention to costs held more strongly than at fund administrators. Bank of New York is so keen on the idea

Patrick Zurstrassen, managing director and president of the management committee at Credit Agricole Indosuez Luxembourg, will leave the bank shortly. It seems that Zurstrassen one of the biggest names in European fund administration, and the man who did more than

John Pauly, managing director of Luxembourg based transfer agent First European Transfer Agent (FETA), has confirmed that the company has ambitious expansion plans in the United Kingdom. While visiting London for a conference, Pauly confirmed that FETA expects to have

Mellon Trust continues to defy the conventional wisdom that the 1 per centexpenses cap means nobody can make money out of stakeholder pensions. Having secured stakeholder administration business from the Nationwide Building Society already, Mellon Trust has now added an

The Liberty Ermitage Group has appointed Mark Hucker as the Group Executive Director Infrastructure responsible for all aspects of operations, finance and compliance, reporting to Ron Mitchell, Chief Executive Officer. He joins from Perpetual where he was Finance Director and