The life insurance industry is poised to generate $1,600 billion in shareholder value over the next ten years according to a new study by Mercer Oliver Wyman. This growth rate outpaces global GDP expectations by 50%, and is greater than
The US Federal Reserve has approved the merger of J.P. Morgan Chase & Co. and Bank One Corp., creating the second largest American bank after Citigroup. Shareholders of New York based J.P. Morgan Chase and Chicago based Bank One approved
Anton Knett, currently Head of Division South East Europe at Bank Austria Creditanstalt (BA CA), will join the Managing Board of BA CA's Polish subsidiary Bank BPH. In the role of Vice President, he will assume the function of Chief
Bank Austria Creditanstalt (BA CA) will expand its branch network in Central and Eastern Europe (CEE) from 850 offices to about 1,050 by 2007. The bank says the number of clients will increase, without taking acquisitions into account, from 4.0
OM Technology says Paul Bennett, Senior Vice President Market Operations at International Securities Exchange (ISE), will join OM Technology as President of OM Technology for the Asia Pacific region. Bennett has 25 years of combined financial markets and information technology
Thomson Financial has reached an agreement with Britannic Asset Management to provide FIX connectivity via the new global Thomson AutEx network between Britannic's Longview Order Management System (OMS) and executing traders. The AutEx network integrates indications of interest (IOI), advertised
OMHEX has signed an agreement with Svenska Handelsbanken to sell XACT Fonder AB to Handelsbanken, with transfer of ownership to be effected on June 30, 2004. XACT Fonder manages Sweden's first exchange traded funds (ETFs), XACT OMX and XACT SBX.
JPMorgan's Institutional Trust Services (ITS) Collateralized Debt Obligation (CDO) business has introduced an asset pricing solution that aims to offer the U.S. CDO market independent pricing on individual assets in order to obtain the total portfolio value. The bank says
State Street Global Advisors has acquired Mediolanum SpA's 50 percent stake in the Italian joint venture Mediolanum State Street SGR p.A., subject to regulatory approval. Terms of the transaction were not disclosed. The move reflects State Street's ambition to expand
The CSFB Tremont Hedge Fund Index is down 0.23% for May 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. "Exogenous factors continue to drive the overall market conditions fears of interest rate hikes, terrorist