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
Portuguese derivatives products have been migrated successfully on to the LIFFE CONNECT trading platform and CLEARING 21 (C21) clearing system owned by LCH.Clearnet. This implementation marks the end of the C21 migration to all the Euronext cash and derivatives markets.
SEB Merchant Banking and OMHEX have reached an agreement by which the Swedish custodian bank will provide custody and clearing services in the Finnish market for local clients of OMHEX. Under the agreement, the Helsinki branch of SEB will assume
JPMorgan Investor Services has launched a comprehensive servicing solution for investment managers and sponsors seeking to outsource their managed account administration, through a strategic alliance with Vestmark. The service includes account opening and closing, ongoing account maintenance, performance reporting, and
Simplex Consulting, a systems integration and business process company, and Steria Limited, an IT services provider, have launched a SWIFT Service Bureau in the UK. It aims to provide financial institutions with a facility for the external management of their
Northern Trust has won a $3.3 billion US domestic custody mandate from Lincoln Finnacial. The insurer is an existing client, but the new mandate includes treasury management and credit services. "We selected Northern Trust because of their strong reputation and