HVB has increased its stake in the Budapest Stock Exchange (BSE) to 25.2 %, twice the previous shareholding of 12.7%. As a result of the transaction, HVB's stake in the Budapest Commodities Exchange rises to 75%. The German banking group
Netik has hired Laura Bedborough and Doreen Severs to boost its sales force in the EMEA and North American regions. "We are very pleased to be adding both Doreen Severs and Laura Bedborough to Netik's sales team," says Colin Close,
Deutsche Brse, which raised its dividend by a quarter this year, has announced that Lord Levene of Portsoken and Alessandro Profumo have joined the Supervisory Board. The former Peter Levene is Chairman of Lloyd's, while Alessandro Profumo is Chief Executive
Pension funds in the UK are now more concerned about funding commitments than investing surpluses. Accordingly, the financial solutions group at Insight Investments the specialist unit focused on bespoke client solutions has recruited an expert in liability driven investment (LDI).
Man Group, the hedge fund of funds manager, continues to defy gravity. Fund sales in the year totalled $11.5 billion, including $3.5 billion in RM, with total funds under management rising 48% to $38.5 billion at end March (including $15.8
Trema has launched an upgraded version (6.5) of its integrated cash and treasury management product suite. This latest version of Trema technology integrates Alterna's cash management product with Trema's treasury and asset management functionality. The solution aims to deliver financial
Bank of New York subsidiary Pershing says it has been appointed by Bloxham Stockbrokers to provide a fully outsourced trading, clearing and settlement service. With this agreement, Bloxham, Ireland's largest independent stockbroker, will become the first Irish firm to adopt
BT Syntegra has unveiled ITS.Netrix, a new multimedia desktop device, and ITS Hotlink, a new collaborative application developed for use with Cisco IP phones. BT Syntegra aims with ITS.Netrix to give users needed a device giving them central control of
Eiger Systems has released version 1.1 of EigerPAY Gateway, the company's BACS approved software solution for BACSTEL IP. EigerPAY Gateway manages the entire process of creating, signing, authorising, transmitting and verifying BACSTEL IP payment submissions. The new version builds upon
All Eurex US participants in the UK can now trade directly on the new fully electronic US futures and options exchange, following approval by regulatory authorities in the UK. With the granting of recognized status by the Financial Services Authority