Northern Trust said today it will become global custodian for the Halifax Financial Services range of OEIC Funds. Under the arrangement, Northern Trust will provide custody for a range of 8.6 billion Halifax OEIC funds. Halifax Financial Services is a
Radianz has appointed Richard Snape to the newly created position of General Manager, Extranet Business Unit (EBU). In his new role, Snape will be responsible for managing the global Extranet business. He has also been named to the Radianz Leadership
The Bank of New York has been appointed as issuing and paying agent, security trustee, custodian and US depositary by UK based Nationwide Building Society for the Cobbler Funding Global Commercial Paper Programme. The transaction is a $2 billion asset
State Street subsidiary the WM Company says that active investment management strategies outperformed passive strategies in the UK retail market last year. But taken over a longer period the research is based on the 20 year performance of the trusts
Man Group has launched its first fund of funds to be registered with the US Securities and Exchange Commission. It is aimed at qualified individual retirement accounts and tax exempt investors in the US. The fund, Man Glenwood Lexington TEI,
Steve Bowman and Jim O'Donnell have been named co heads of GCIB's Global Hedge Fund Initiative. Bowman and O'Donnell will assume this new role in addition to their current responsibilities as Head of Global Fixed Income Sales and Research and
COR Risk Solutions, a division of COR Financial Solution, said it made its second sale of its "Bita Star" asset allocation product to Credo Capital. BITA Star provides private client fund managers, family offices and private banks with sophisticated capabilities
The BISYS Group, Inc. said that Jose Suquet will resign as Group President of BISYS' Insurance and Education Services Group to return to a senior executive role with a major insurance carrier or other financial institution. Russell Fradin, BISYS' President
ABN AMRO said that Indover Bank has gone live as a Continuous Linked Settlement (CLS) third party participant, the first bank in the Netherlands to do so, ABN AMRO said. Indover's operation in Hong Kong is expected to go live
Ken Thompson, chairman and CEO of Wachovia Corp, was named chairman of the board of The Clearing House. Comprised of chief executives from the nation's largest banks, the Board oversees the strategy and direction of The Clearing House. Mr. Thompson's