News

Clearing Corp. Shareholders Approve Consolidation Plan

The shareholders of Government Securities Clearing Corporation (GSCC), MBS Clearing Corporation (MBSCC) and the Emerging Markets Clearing Corporation (EMCC) have approved a plan for the three organizations to become subsidiaries of The Depository Trust & Clearing Corporation (DTCC). The integration,

State Street Acquires Interest in ByAllAccounts

State Street has acquired a minority interest in ByAllAccounts Inc., an account aggregation service company based in Woburn, Massachusetts. State Street will also begin using ByAllAccounts' WebPortfolio aggregation service, which collects customer data from various financial firms and consolidates the

JP Morgan Boosts Corporate Trust With SST Acquisition

J.P. Morgan Chase & Co. and Systems & Services Technologies, Inc. (SST) announced that the parties have signed a definitive agreement under which JPMorgan will acquire SST, a wholly owned subsidiary of III Associates. A leading third party servicer, SST

BISYS Investment Services For Aggressive Growth In Europe

BISYS Investment Services, a leading global financial services provider, today announced a key expansion of its senior management designed to position the company for continued growth in the European market. Simon Shapland joins as Senior Vice President, Sales Europe. Simon

David Bilbe Joins BBH

David Bilbe, the SVP who is the public face of institutional custody sales at State Stteet Bank & Trust Company in London, is joining Brown Brothers Harriman as Managing Director of Investor Services. Unlike State Street, BBH is not seeking

New Clearing System In Prospect for Finland

Finnish custodians wrestling with client service complaints have long had to struggle with one of the least developed market infrastructures in Europe. So they are among supporters of the plan by the Helsinki Stock Exchange (HEX) to develop a new

India Moves to T+3 Settlement

Continuing to reform India's securities processing infrastructure, the country's regulator, the Securities and Exchange Board of India (Sebi), has slated April 1 to shorten the settlement cycle from five days to three days. The decision came in a brief statement

Mark D'Andrea And Warren Holmes in FT

Eagle eyed hedge fund managers and prime brokers scanning the usual crop of Managing Directorships handed about by the major investment banks will have spotted the names of Mark D'Andrea (Barclays Capital) and Warren Holmes (Morgan Stanley) in today's Financial

Mellon Hires Five in Dublin

Mellon Fund Administration (Dublin) Limited has made several significant new appointments John Maguire, Chief Operating Officer John Maguire is Chief Operating Officer of Mellon Fund Administration (Dublin) Limited, responsible for the Fund Accounting and Transfer Agency activities carried out in

Mellon Gets Serious in Dublin

Mellon Fund Administration (Dublin) Limited has made several significant new appointments John Maguire, Chief Operating Officer John Maguire is Chief Operating Officer of Mellon Fund Administration (Dublin) Limited, responsible for the Fund Accounting and Transfer Agency activities carried out in