Union Bank of California said today it would offer an online proxy voting tool for its institutional clients. The web based service is called Votex and will be offered through Institutional Shareholder Services (ISS). Union Bank's institutional custody clients will
Lyxor Asset Management said today it launched two Exchange Traded Funds (ETFs) on Euronext tracking the EuroMTS 3 5 year and 10 15 year maturity band indices. The addition of these two new ETFs complements the EuroMTS Global Master Unit
Fortis Investments and Deminor Rating, a provider of comprehensive corporate governance services, said they have signed the first pan European co operation agreement to bolster corporate social responsibility (CSR) proxy voting. With this agreement, Fortis Investments believes itself to be
CLSA Ltd, an investment bank and private equity group based in Hong Kong that is also a unit of Credit Agricole Credit Lyonnais, said today it would use Radianz' shared market infrastructure for Financial Information exchange (FIX) enabled connectivity to
Despite moving more than $1 trillion in nonperforming loans off their books since the Asian Flu crisis of the late 1990s, Asia's banks and asset management companies must resolve another $1 trillion in bad loans says a new report from
Lynx Wealth Management Systems says that Turnstone Trusts & Securities Ltd has selected 4Series Trust Administrator software to meet the growing requirements of its corporate and trust management operation in Mauritius. Lynx recently announced the appointment of Harel Mallac as
PeopleSoft has launched PeopleSoft Enterprise Wealth Management, a new application that the company says will enable financial institutions to increase customer retention and revenue through proactive client management. The new PeopleSoft Enterprise CRM solution includes four modules PeopleSoft Client Manager,
Bear Stearns is being sued by seven defunct insurance companies for purportedly helping convicted financier Martin Frankel steal more than $200 million, according to a lawsuit filed on Friday by five state insurance commissioners with the US District Court in
Clearstream and LCH.Clearnet have introduced an automated settlement route for OTC German Government debt transactions. The routing process for settlement instructions generated by LCH.Clearnet on behalf of its members will be forwarded to Clearstream Banking Frankfurt for settlement, allowing greater
The global asset management industry consists of two businesses one serving 'professional' clients (whether institutional or retail) and the other serving 'non professional' clients. Customer needs and the business models are so fundamentally different that the industry will restructure around