Bank Austria Creditanstalt put out a release that emphasized the fact that although there are significant advantages associated with EU membership, the accession countries will also be faced with new challenges. "The period right before and after the EU entrance
John Campbell, Senior Vice President of State Street Corporation will take over as Chairman of Scottish Financial Enterprise (SFE) from Mike Ross who steps down from the role after five years, and from the SFE board, on 23 January 2004.
European Economic Area (EEA) membership rules have obliged the Norwegian Government to introduce to Parliament laws revising the 10 per cent limit on ownership of a Norwegian financial institution (although, by way of derogation, a financial institution may already hold
BISYS has acquired St. Louis based Uhlemeyer Services, Inc., a leading managing general agency (MGA) serving the commercial property and casualty (P&C) insurance marketplace, and distributing and servicing workers' compensation insurance programs. This acquisition complements BISYS's March 2003 acquisition of
The long running controversy over warped equity research took a startling turn yesterday after a Paris court ruled that a Morgan Stanley research report into luxury goods manufacturer LVMH had defamed the company. After a 14 month legal battle, the
Computer Sciences Corporation has been awarded a seven year, $12 million software and information technology (IT) services contract with American Community Mutual nsurance Co., a provider of group and individual health and life insurance. Under the agreement, American Community will
The once formidable securities lending group at Deutsche Bank disintegrated a little further yesterday with news that Beatrice Rodriquez had joined the Fidelity Investments Fixed Income Portfolio Management team in London as a money market manager. She used to manage
The enlarged Japanese CSD JASDEC held industry wide tests on over the weekend of 10 11 January ahead of the introduction of delivery versus payment (DvP) for non exchange equity transactions. The tests were concluded successfully, reports a spokesman for
David Brennan, chairman and CEO of Baring Asset Management, says he expects his firm to capitalise on the mutual fund market timing scandal in the United States. He told the Financial Times yesterday that "I think there is a significant
William de Winton, co head of bank research at Morgan Stanley, has joined London based hedge fund Lansdowne Partners to run a long short equity fund, according to a report in the Financial Times today.