China Life is being investigated by regulators in both Hong Kong and mainland China over the allocation of shares in its IPO last December, according to a report yesterday in the South China Morning Post. China Life is already facing
State Street Corporation said that its SPDR and DIAMONDS exchange traded funds(ETFs) have received additional "exemptive" relief from the Securities and Exchange Commission. This relief will enable registered investment companies to invest in these ETFs in excess of the limits
The Clearing Corporation (CCorp) and Eurex Clearing said they have finalized terms of their Global Clearing Link. As a result, CCorp has requested that the Commodity Futures Trading Commission (CFTC) take action to permit implementation of the first phase of
Paul Saltzman will be leaving The Bond Market Association to join eSpeed as Chief Operating Officer, the BMA said this week. "Paul Saltzman has served The Bond Market Association with vigor and distinction for almost ten years helping us serve
ADP Securities Industry Software (ADP SIS), a division of Automatic Data Processing, Inc.'s Brokerage Services Group, said that H. C. Denison Co. and CNBS LLC both have recently outsourced their securities transaction processing to ADP SIS. Both of the firms
DST International (DSTi) says HBOS Financial Services (HBOS) the UK's largest mortgage and savings provider and major force in debit and credit cards has selected HiPortfolio 3, HiWay and HiMarketData for use across all of its insurance companies. The solution
Northern Trust has appointed Sally Anne Callick as Vice President of UK Business Development for Northern Trust's institutional custody and asset servicing business. She will have direct responsibility for global custody business development in the UK pension funds market, working
Brown Brothers Harriman (BBH) has hired Joyce Dardonis as Senior Vice President and Head of Securities Lending Sales for the Americas. "We are pleased to welcome Joyce to BBH and are confident she will be a valuable addition to the
John Morris, the former Midland and Citibank securities services chief who has long been one of the best known faces on the London custody scene, has joined ABN AMRO Mellon to head ABN AMRO Mellon Trustee & Depositary Services from
Equities turnover at Deutsche Borse rose significantly in April. The order book statistics, which are based on single counting of all transactions in the order book of Xetra and broker supported trading on the floor, show that a total of