German insurer Allianz said it was very happy with the results of restructuring at AGF, the French insurer in which it owns a 58.5 per cent stake, and does not intend to increase in its stake any time soon. Chairman
UBS has named Huw Jenkins to be Global Head of Equities in the firm's Investment Bank, in which capacity he will also serve as a member of UBS Investment Bank's Executive Committee. Jenkins had been head of US Equities since
DST International (DSTi) says UK based Cavendish Asset Management, a private wealth manager with ₤300 million under management, has bought HiInvest (its set of front and middle office applications that includes HiFrontOffice, HiOrders, HiCompliance and HiPerformance) and HiPortfolio 3 (the
Peter Adams has been hired by ABN AMRO Mellon to head up their European Sales division. He joins ABN AMRO Mellon from State Street, where he was Managing Director of The WM Company. Adams worked in various roles at Deutsche
Gyrgy Jaksity, Chairman of the Budapest Stock Exchange (BSE), has handed in his resignation. Since the effective acquisition of the exchange by a consortium of Austrian investors in May the Chairman and the Board of Directors has been under pressure
Quantifi, a software company that makes applications for the credit markets, has released version 4.0 of its Toolkit. It includes a pricing tool for cross currency hybrid credit derivatives, for use by banks, hedge funds, and insurers. "The market for
The authorities on the Isle of Man Finance are stepping up their efforts to lure hedge funds away from Dublin and the Cayman Islands. At a one day seminar held in the island's capital Douglas on Tuesday (22 June) in
Euronext.liffe announced on Thursday last week the LIFFE CONNECT migration in Amsterdam, which was originally set for 27 September 2004, will be postponed. The new migration date is 29 November 2004. Planned tests are being postponed. Euronext.liffe aims to create
UK brokers and IFAs that fail to harness the potential of e commerce will be driven out of business by tech savvy rivals. These so called "Techno Savvies" are now the UK broker markets' dominant group, representing about a third
RBC Global Services has teamed up with ADP Investor Communications Services to offer electronic proxy voting capabilities for the UK market. This new agreement will ensure a more secure, transparent and efficient transfer of proxy information between registered stockholders and