A recent survey of 500 medium and large organizations in Western Europe undertaken by IDC suggests that although the offshore outsourcing model has captured the imagination, it has not yet managed to be translated into the wholesale transformation of the
LCH.Clearnet says Nazir Badat has joined the Board. Badat is Global Head of Securities Operations at UBS Investment Bank. LCH.Cleranet explains that Badat has sixteen years experience in the investment banking industry, ten of which he has spent at UBS,
ICICI OneSource, the Indian offshoring company, has acquired a 51% stake in Pipal Research, an Illinois based research company that intermediates between US companies wanting to offshore and Indian suppliers. Pipal Research specializes in providing business research, analytics and information
Northern Trust Global Investments (NTGI) has appointed Simon Hutchinson as Strategist for Transition Management in Europe. His remit is to manage NTGI's transition management business in London and to continue to build the firm's transition management business across Europe. Hutchinson
Fidelity Investments has appointed Martin Harris as Managing Director, UK Defined Benefits, reporting to David Stewart, President of the European Institutional Business. He is expected to take up the appointment in November. "As we seek to grow our UK DB
Vermeg says SEI Investments has bought Vermeg's MEGACOR system as the corporate actions module for its new Global Wealth Management Platform. The SEI platform aims to support private banks, by combining the front office client management with investment execution in
FTSE Group says that Barclays Group has licensed its FTSE Hedge Index as the basis for an investment product for retail investors, named The Woolwich Protected FTSE Hedge Plan. The FTSE Hedge Index, which was launched in June 2004, cuts
BISYS says Robert J. Casale has been elected chairman of its Board of Directors. Casale, who has served on the Board of Directors of BISYS since 1997, is the former Group President, Brokerage Information Services, of Automatic Data Processing (ADP),
Eiger Systems, a UK based developer of payment applications, has appointed Adrian Burke to the new position as Director of Sales. Burke is responsible for sales strategy and for the management of Eiger Systems' direct and indirect sales channels. As
DST International (DSTi) says AIB Global Treasury the treasury business unit of AIB Group plc are upgrading to HiRisk, DSTi's risk management application. AIB have been using RiskBook, for a number of years in Dublin, but HiRisk aims to provide