Vitria says giant German fund manager Union Investment (it has Euros 103.2 billion in assets under management) is using its technology for data management and access. The fund manager is using it to gain access to current stock prices, current
Michael Alix, chair of the Securities Industry Association's Risk Management Committee and senior managing director, Bear Stearns, told the House of Representatives Financial Services' Subcommittee on Financial Institutions and Consumer Credit that Basel II is a good thing. The CSE
MEFF, the Spanish Futures and Options exchange, has added four new participants, bringing its total membership to 101. The companies that have joined as trading members are BNP Paribas Arbitrage, Banco Portugus de Investimento, Marquette Partners UK, and TIMBER HILL
The futures and options trading group at JPMorgan has gone live with Apama (UK) Limited's suite of Trading Strategy Management technologies. Apama's technology aims to enable traders to re model their strategies to take advantage of new, real time opportunities
General Electric (GE) is bringing all of its retail finance businesses under one global brand as it prepares to expand its consumer banking business, according to a report in the Financial Times. The business, to be known as GE Money,
Wachovia, the fourth largest US bank, has bought SouthTrust Corp for $14.3 billion in stock. It will enable Wachovia to expand in the fast growing south east of the US. The price puts SouthTrust stock at a 20 per cent
British insurer Royal & Sun Alliance is in talks to sell its UK life assurance operations. The company said discussions were at an early stage and that figures mentioned in weekend press reports were "purely speculative." Royal & Sun is
Canada's Sun Life Financial plans to open more branches in China next year to profit from the fast growing insurance market, its chief executive said yesterday. The Toronto based firm has run a joint venture with China Everbright Group Ltd
ING declined to comment yesterday on market rumours it is considering the disposal of its US reinsurance business. "This is just a rumour in the market. We decline to comment on a possible sale," said a spokesman. But analysts believe
Integrated Decision Systems (IDS) has appointed Randy Peerson as Vice President of Software Development. Peerson will be leading development activities across the company's expanding suite of portfolio management products. "IDS is growing rapidly and Randy's experience and accomplishments make him