News

Bisys Announces Two High Profile Hires

Bisys has announced two high profile hires. Simon Shapland joins from ABN Amro Mellon as SVP, Head of Sales Europe and Stewart Copland as VP, Head of Client Relations Europe from Mellon Fund Administration.

GOAL Joins Forces With Wilco

Wilco International, a wholly owned subsidiary of ADP Inc announced an alliance with withholding tax software and services specialist GOAL (Global Operations and Administration Ltd). The alliance will extend the range of Wilco's corporate actions solutions by providing access to

Industry Opposes Japan's Cross-Border Repo Tax

In strong opposition to a proposal by the Japanese Ministry of Finance to tax cross border repurchase (repo) transactions, John Vogt, executive vice president of The Bond Market Association, says in a letter to Treasury Secretary Paul O'Neill that the

Morgan Claims to Have Converted Clients to ISO 15022

JP Morgan Investor Services has announced that it has converted several prominent asset managers to the new Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging standards as of November, 2001. This is part of the larger initiative to meet the

Euro MTS to Choose CCP Provider By Christmas

EuroMTS is close to choosing between London Clearing House (LCH) and Clearnet as its Central Counter Party (CCP) service provider, and a decision is expected by Christmas. The Italian born fixed income trading platform has learnt the lesson of the

BBH Foreign Exchange Expands Currency Research Team

Brown Brothers Harriman (BBH) Foreign Exchange announced that Nick Bennenbroek has been hired as an assistant vice president and is the latest addition to BBH FX's currency research team. This recent expansion effort is the next step in BBH FX's

Euroclear To Build Link with Hong Kong Debt Depository

The Euroclear strategy of establishing direct links with market utilities took another step forward today with the news that investors in Hong Kong will in future be able to hold and settle securities in Euroclear via a real time link

HKMA to Establish Direct Link with Euroclear

The Hong Kong Monetary Authority (HKMA) and Euroclear announced their agreement to develop a direct link between the HKMA's Central Moneymarkets Unit (CMU) and the Brussels based international central securities depository. This fully automated, real time link will enable investors

BNY (Luxembourg) Establishes Branch In Belgium

The Bank of New York announced that its subsidiary, The Bank of New York (Luxembourg) S.A., has established a Belgian branch that will enable it to offer custody and administration services to Belgian domiciled collective investment undertakings (UCIs). The Bank