KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
Quoted brokerage and investment banking house Durlacher Limited has chosen City Financial Managers to administer two new OEICs it is launching early this year. For Durlacher, starting a fund management arm yielding a reliable income stream is part of its
Interactive Data Corporation will acquire the Securities Pricing Service (MLSPS) of Merrill Lynch & Co., Inc. for $48 million in cash. MLSPS is a provider of information on global financial instruments and provides prices on 2.9 million equity and fixed
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 Investors have withdrawn more than 3.7 trillion yen from a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