News

Fund Managers’ Profit Margins Fall Less Than Expected

PricewaterhouseCoopers has undertaken an interim update of its 2001 UK investment management survey to assess the industry's response to increased competition and the aftermath of 11 September. 21 firms with over 1000 billion under management participated in the interim update.

BoNY Appointed Stock Transfer Agent by AHP

The Bank of New York announced today that it has been appointed as stock transfer agent, registrar and dividend disbursing and reinvestment agent by American Home Products Corporation (AHP), effective November 5, 2001. This appointment is an extension of the

Bank of Tokyo Mitsubishi To Upgrade System For Custody Service

Bank of Tokyo Mitsubishi (BOTM), long a dominant force in Japanese custodybut which had a challenging year in 2001, announced on 19 November the launch of an enhanced, SWIFT ISO 15022 compliant yen custody system. From January, the bank will

Thomas Murray Joins Forces With Global Custodian

Thomas Murray, the research based information, ratings and consultancy group and Global Custodian, the leading trade publication in the securities services industry, have agreed to work together with the aim of creating the most comprehensive and robust analysis of the

BT’s Syntegra Offers Forex Traders Video Links To Clients

Telecommunications suppliers looking to tackle the perception that bandwidth is commoditised will be encouraged to learn that Syntegra, the BT subsidiary with a growing presence in the securities industry see "Shooting the messenger" in Global Custodian, Fall 2001 , is

Axion4gstp Invites To A Live TFM Demonstration

GSTPA axion4 will be giving a live demonstration of the long awaited Transcation Flow Monitor (TFM) at the SWIFT offices in Park Avenue, New York, on Tuesday 27 November. The demonsration, which will be compered by outgoing CEO Steve Crosby,

SecFinex Launches New Version of Trading System

SecFinex, the on line securities finance marketplace launched amid considerable scepticism among established intermedairies, says it is making real progress. Trading volumes, says SEcFione, are now averaging 300 transactions a day worth a total of 3 billion. The firm is

Hong Kong Futures Exchange Selects RadianzNet

Hong Kong Futures Exchange Limited (HKFE) selected Radianz's global financial extranet RadianzNet to connect the Hong Kong Futures Automated Trading System (HKATS), to financial professionals in the United States, United Kingdom and other countries worldwide. HKFE is said to benefit

Credit Suisse Buys SunGard’s Exception Processing Solution

Credit Suisse Private Banking has conformed that it has bought an exception processing solution from SunGard. HansPerter Luethi, VP, says "SunGard e Process Intelligence will facilitate even tighter consolidation of the services provided within the Group, provide a special, wide

SWIFT Appoints Executive To Head New Business Development

SWIFT appointed Johan Kestens as Head of New Business Development and Member of the Executive Committee, effective December 3, 2001. He will also be lead executive for the SWIFT Board's "e" Committee. Kestens comes to SWIFT from Almanij, one of