Deutsche Brse claims that its XTF segment for exchange traded funds (ETFs) commands 56 per cent of all European ETF turnover. The total fund volume in the XTF segment reached a record 13.6 billion at the end of March, up
Citigroup yesterday released first quarter profits up 29 percent to a record high, on double digit growth in consumer and investment banking and all other major product lines. Net income rose to $5.27 billion, from $4.1 billion a year earlier.
SmartStream Technologies says Swedbank Markets has purchased its reconciliations and exception management solution. Swedbank has selected Corona for its cash, securities, money market and foreign exchange reconciliations. The selection of Corona by Swedbank was the result of a competitive bid
Northern Trust says Mortgage Guaranty Insurance Company (MGIC) has appointed it to provide domestic custody services for $5.5 billion in general insurance assets. "We believe that Northern Trust and their dedicated insurance client servicing team is the right fit for
The bear market in fund management is over fund managers are no longer focused on cutting costs, but investing in platforms, people and procedures to make sales. Or so suggests a survey conducted by Citisoft, the specialist investment management consulting
Some Japanese companies will now pay dividends without needing the approval of the shareholders' AGM. Following the implementation this month of the so called Company with Committees system, Japanese agent banks are predicting an acceleration in the payment of dividends.
Edward C. K. Chin has joined REFCO Alternative Investments, LLC (RAI) as General Manager, Head of Asia. Chin, who will be based in Hong Kong, will oversee the distribution of alternative investment products both directly and through the continued development
BISYS says it has been selected by Atlanta based Trusco Capital Management to provide a full service mutual fund servicing solution. BISYS will support the STI Classic family of mutual funds, which are managed by Trusco Capital Management and represent
Insight Investment, the fund management arm of UK banking group HBOS, has consolidated its fund accounting, depositary and custody arrangements with the Bank of New York. The appointment covers assets worth 8 billion invested in both UK and European mutual
'Just three point zero' was the name of the once famous Maastricht Game. 'Not three point one or point o' one right three percent, thereafter none'. That's what a country once proclaimed when its finances had been tamed. It's been