Integrated Decision Systems (IDS) says Wachovia Securities has bought a system from it to service the combined Wachovia Prudential retail client base. The CALiPER2 system is a performance calculation and reporting engine for private accounts. Designed to accept large volumes
The Investment Company Institute yesterday submitted its comments on an SEC proposal to bolster investment adviser codes of ethics. The SEC proposal would require investment advisers to establish a code of ethics containing standards of conduct for advisory personnel, provisions
In a new report entitled "Case Studies in Core Banking Systems Replacement," Celent has published three case studies revolving around core banking systems replacement Santander in Spain, Deutsche Postbank in Germany and ABN Amro in India. The consultancy says that
Regulators in Taiwan have ruled that foreign investors with shareholdings below 300,000 shares are no longer required to appoint a local agent or representative to attend AGMs and exercise voting rights.
The Electronic Payments Network (EPN) says it now offers banks the option of connecting to its ACH network via SWIFTNet , in addition to dial up and high speed Internet connectivity via its Windows based PCAIMS software or FTP (file
Dutch pension funds were up 10.7 per cent in 2003, says the WM Company, which has released its analysis of Dutch pension fund performance during 2003. As a result of the combination of positive economic news, $350 billion of tax
Northern Trust has bee appointed global custodian by MMA Praxis Mutual Funds. The banks will also provide foreign exchange, securities lending, and transition management services, for five of their funds with a combined total of $415 million in assets. "We
Japanese CSD JASDEC held industry wide system tests over the weekend of 13 14 March, ahead of the introduction of DVP settlement of non exchange traded stock transactions. The launch of the new settlement system is scheduled for 17 May.
State Street subsidiary WM is to work with Standard & Poor's to provide UK pension fund trustees with independent performance assessment services. Standard & Poor's has developed new services for launch in May 2004, which aim to provide an independent
DST International (DSTi) says PT First State Investments Indonesia (FSII) a wholly owned subsidiary of First State Investments and the funds management arm of the Commonwealth Bank of Australia (CBA) has bought Hi Portfolio. The group has US$62.9 billion (A$94.2billion)