The Organisation for Economic Co operation and Development (OECD) campaign against what it calls "harmful tax competition" ground on yesterday with news that the Swiss authorities have, after three years of commendable resistance, partially caved in to the bullying of
Putnam parent Marsh & McLennan said yesterday that Putnam, the first fund manager to be charged with wrong doing in the mutual funds scandal, lost assets worth $37 billion 23 per cent of the total assets under management in November
SunGard Employee Benefit Systemshas appointed Stephen Martin as senior vice president of sales and promoted of Katrina R Miglietta to senior vice president of business development. In his new role, Martin will manage the US sales team for the Omni
The UK regulator, the Financial Services Authority (FSA), has levied its heaviest fine ever on a private wealth management firm by charging Deloitte & Touche Wealth Management Limited (DTWM) 750,000 for failing to complete its review of pension plan mis
Aviva has appointed Andrew Moss as group finance director. Andrew (45) is currently director finance, risk management and operations at Lloyd's of London and has extensive international experience of the financial services industry. He has played a key role in
Bropkerage house Prebon Yamane has chosen the SonicMQ enterprise message server from Sonic Software to provide the messaging for its Global Brokering System (GBS). The firm believes Sonic can raise its STP rates. Sonic says Prebon selected SonicMQ for its
UK credit reference agency Callcredit has boarded the gravy train built by anti money laundering regulations by launching CallML, an online identity verification service. The new anti money laundering legislationin the UK comes into force on 1 March 2004. CallML
The syndicated loan market in Europe has taken a step towards greater standardisation of its documentation with the launch yesterday of a new Leveraged Document. It is the fruit of work done under the auspices of the London based Loan
State Street has opened a new office for its continental European transfer agency operations in a newly opened building within the State Street Financial Center Europe at 49 avenue J.F. Kennedy in Luxembourg's Kirchberg business district. Luxembourg's Minister for Finance
The France Growth Fund has extended its relationship with Brown Brothers Harriman to include fund administration as well as custody and fund accounting. The fund cited the ability of the Boston based bank to integrate its custodial and administrative functions