Northern Trust has been selected as preferred provider of outsourcing services to Julius Baer Investment Management LLC. The Bank will provide a full range of mid and back office outsourcing services for Julius Baer's New York based institutional investment management
ADP has launched a new corporate actions system. The new browser based corporate actions system, built in partnership with the XcitekSolutionsPlus XSP application, maximizes operational efficiency through the use of a rules based, data scrubbing engine with built in exception
Bank BPH, the Polish subsidiary of Bank Austria Creditanstalt (BA CA), will expand its branch network from 475 offices to about 555 branches. This decision was made by the Supervisory Board of Bank BPH on 4 June. "We will open
Ian Harvey is to head UK Pooled Funds at Mellon Global Investments. In a newly created role, Harvey will focus on sales and client service for institutional pooled funds in the UK marketplace, as well as developing and progressing the
The Depository Trust & Clearing Corporation (DTCC) has named Bill Hodgson vice president for Business Development. He will head DTCC's OTC derivatives business development efforts in London. In his new position, Hodgson will be responsible for further developing DTCC's OTC
GL TRADE has appointed Nicolas Lvy as CEO and Teifion Thomas as CTO of GL SETTLE. GL SETTLE is a London based GL TRADE subsidiary dedicated to the back office. Following the acquisition by GL TRADE of Misys Securities Trading
National IFA Positive Solutions has joined the EMX Message System, the electronic messaging service for the purchase, sale, valuation and settlement of mutual funds in the UK. "By building a FIX connection to the EMX Message System, Positive Solutions have
The American Securitization Forum (ASF) has filed an amicus curiae, or friend of the court, brief in the case of MBIA Insurance Corporation and Wells Fargo Bank Minnesota, N.A. versus Royal Indemnity Company (Royal), in which Royal is appealing an
ING Investment Management confirmed that it is co operating with an investigation by the Independent Commission Against Corruption (ICAC) into the trading of stocks listed on the Hong Kong Stock Exchange. The ICAC today brought charges against a former ING