JPMorgan Institutional Trust Serviceshas secured an ADR mandate from Desarrolladora Homex, S.A. de C.V.. The Culiacn, Sinaloa, Mexican based company builds entry level and middle income homes in Mexico.
Fundtech, the New Jersey based provider of payments, cash management and settlement software, says Korea Financial Telecommunications and Clearings Institute (KFTC) has bought its PAYPlus application as a CLS Bank solution. Korean banks will use the utility for foreign exchange
State Street Luxembourg has hired Paolo Crozzoli from PFPC as vice president, sales. He will report to Jim Clark, director, sales and marketing, for State Street in Luxembourg. Crozzoli spent four years at PFPC, as vice president of business development.
Sun Microsystems says Allied Irish Bank (AIB)is migrating 7,500 desktop users across its entire branch network to Sun's Java Desktop System. This agreement in collaboration with Horizon Open Systems represents the largest financial services enterprise deal for the Java Desktop
Euroclear Bank has chosen Infonet, a communications company, as the provider of its managed global private IP network for clients. Under the terms of the three year contract, Infonet will implement a secure private IP network with encryption and security
The travails at the Budapest Stock Exchange, effectivbely taken over recently by a group of foreign banks led by HVB, continued at an Extraordinary General Meting (EGM) yesterday as four members of the Board of Directors handed their resignations before
Man Group, the hedge fund of funds manger, says its Man Global Strategies Diversified Series 2 Ltd ('Man Global Strategies Diversified Series 2') and the UK product Close Man Hedge Fund have together raised the equivalent of over US$705 million
Radianz has appointed Robert Garzilli as Managing Director Americas, a newly created position. He will be responsible for sales and service delivery in the North America region. He is based in the New York office and reports to Rick Snape,
Consultants Celent predict that global IT spending on trade order management systems for the fund management industry will reach US$168 million by 2007, a cumulative 2004 2007 total of $523 million. In a new report, "Asset Management Trade Order Management