News

State Street Gets Enron Fiduciary Role

State Street Corporation confirmed today that it has been asked by the U.S. Department of Labor to serve as the Special Independent Fiduciary for Enron Corporation's 401(k), ESOP and cash balance plans. As Special Independent Fiduciary for Enron's plans, State

Standard Chartered Loses PT Bank to Farallon Capital

Standard Chartered, one of the two leading custodian banks in Asia, has failed in its bid for a controlling stake in the Indonesian bank PT Bank Central Asia. Instead, the 51 per cent stake sold by the Indonesian government has

Omiris Networks Strikes Deal with Archipelago

FIX enabled Omiris Networks announced today the signing of an agreement with Archipelago, a leading American ECN. The agreement will provide Omiris members with direct fully electronic connectivity to the Archipelago ECN. The partnership strengthens Omiris Networks' capability to offer

TIBCO Launches Global STP/T +1 Tool

TIBCO Software Inc today announced TIBCOTMT Real Time Trade Management for Financial Services, an end to end integration and Business Process Management (BPM) solution for the financial services industry. The new solution, designed to support the Global Straight Through Processing

Covisint Defies Death of Dot Com Platforms

Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff

Smart Software To Help Prevent Money Laundering

> Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations

Congress Checks Global Crossing for Enronitis

Zurich Scudder's Mutual Fund Business Moves to Chicago Zurich Scudder Investments plans to cut staff and move its U.S. mutual fund business from Boston to Chicago, according to Bloomberg. The report indicated that some account managers and support operations staff

Butte Quits Bear Stearns for CSFB

Credit Suisse First Boston (CSFB) announced today that Amy Butte, formerly a senior managing director at Bear Stearns, will join the Firm as Chief Strategist and Chief Financial Officer for the Firm's Financial Services Division, which includes Credit Suisse Asset

Cerulli Says GPFs are Best Way into Italian Market

Cerulli Associates, the mutual fund consultancy, says gestioni patrimoniali in fondi (GPFs)are the fastest route into mutual fund distribution and sales in Italy for non Italian fund managers. GPFs discretionary portfolio services combining asset allocation in mutual funds with an

Sad Cantor Moves to New Home

Cantor Fitzgerald, which lost 658 employees and its 250,000 square foot headquarters in the World Trade Center atrocities, is moving to new but still temporary office space on 57th Street and Lexington Avenue in Manhattan, Cantor Fitzgerald and eSpeed Chairman