News

Sabatini Replaces Saville as ECSDA Chairman

The Management Committee of the European Central Securities Depositories Association (ECSDA) has unanimously appointed Giovanni Sabatini, CEO of Monte Titoli, as its new Chairman. Giovanni Sabatini, formerly Secretary of the Management Committee of the Association, replaces Iain Saville, the outgoing

Platinum Equity Joins Bidding for Global Crossing

Platinum Equity, a buyout firm that specializes in turning around faltering high tech companies, has said it plans to make an offer for Global Crossing. The telecommunications company, which filed for Chapter 11 protection from its creditors on January 28,

AIM Small Cap Growth Fund To Close To New Investors

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

Monte Titoli RTGS/DvP Platform Progresses

Banca d'Italia, in accordance with Consob, yesterday approved the operational rules of Express II, the new platform that will replace the present Liquidazione dei Titoli (managed by Banca d'Italia). Express II, developed in agreement with industry associations, intermediaries and markets,

JPMorgan Expands Latin American Presence

JPMorgan Institutional Trust Services today announced the appointment of Marcela Pino as its Client Services Manager in the JPMorgan Chase Mexico City office. Ms. Pino's appointment expands Institutional Trust Services' global network, extending the division's Latin American presence and re

TowersGroup Investor Poll: Who Do You Trust?

Forty three percent of active, individual investors have less confidence in the stock market in the aftermath of Enron. And only 23% of U.S. investors believe strongly in the stock market's ability to reflect the fair value of stocks. Further,

Frank Russell Company Adds Delaware Investments to Team

Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA

John Hancock Funds to Acquire Global Leaders Growth Fund

Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA