Aviva, the UK insurance, life assurance, pensions and fund management business created by the merger of Commercial Union and Norwich Union, is extending its current life and savings distribution partnership in Italy with Banca Popolare Commercio e Industria (BPCI), to
The European Commission has adopted a technical Regulation implementing the Prospectus Directive (see IP 03 1018) and a technical Directive including a second set of measures implementing the Market Abuse Directive (see IP 02 1789). Both of these measures are
Eurex is introducing three new equity options on the MDAX securities Beiersdorf, Hypo Real Estate Holding and Puma on 24 May. The new equity options will be listed in the German shares segment and will feature the appropriate specifications one
TIBCO Software says Net2S (NTS), has embedded TIBCO BusinessWorks in its FIX solution. The Net2S FIX solution aims to reduce the cost of managing FIX based trading with counter parties and venues. "The value of modern integration technology will be
Dresdner Kleinwort Wasserstein (DrKW) has hired three people in hedge fund sales in London, all at director level. Ville Niiranen and Shailen Popat are joining DrKW's Liquid Market Sales Group. Niiranen rejoins the bank, having previously worked within the same
The Telekurs Group generated pre tax operating income before interest of 53.5 (67.6) million francs in the year 2003, a decline from the previous period, despite declining demand in the financial information business and price reductions in interbank services. As
Electrolux has allocated up to 10 per cent of its Euros 164 million pension fund to hedge funds. Electrolux invested 5 10 per cent of its Swedish pension portfolio in individual hedge funds last summer, and is now investing a
The Securities Institute which runs qualification examinations in, among other things, custody and fund administration is switching from pencil and paper exams to on screen testing. As the principal awarding body for examinations for the securities and investment industry the
London Pension Funds Authority (LPFA) has reappointed JPMorgan Investor Services (JPMIS) as global custodian for its £2.8 billion portfolio for another three year stint. JPMIS will also continue to provide investment accounting services and discretionary securities lending activities to the
LLR Partners Inc. and Quaker BioVentures Inc. said they had invested $28 million in Medmark Inc. The equity investment will be used to fund Medmark's growth plans and to repurchase a portion of shares owned by Medmark's parent company. Medmark,