Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP's securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.
Former Deutsche Bank custody chief and Deutsche Asset Management operationshead Peter Grafunder has surfaced at CapCo, where his brief is to build upthe wealth management practice at the fast growing consultancy.
One of the best known figures in Yen custody, Nagatoshi Shimamura, generalmanager, marketing, within the settlement and clearing services division atFuji Bank in Tokyo, is moving out of the custody business. Following themerger of Fuji Bank into the Mizuho Group,
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
Euronext has chosen SWIFT as the distribution network for both its trading platform and its CCP services. The pan European exchange and the Brussels based messaging network announced today that SWIFT members can access its trading and clearing technology through
In the wake of the decision by the Clearstream Board late on Friday to pursue discussions with Deutsche Borse only, Euroclear has decided to turn its attention elsewhere. "It is now clear that Clearstream is not interested in having any
Deutsche could scarcely have timed it better. On the very day that Merrill Lynch Investment Management decided to settle its legal dispute with the Unilever pension fund over its investment performance in the late 1990s, Deutsche subsidiary WM Company launched
Clearstream International's Board of Directors announces that following its meeting of today, it is recommending to Cedel International to enter into exclusive discussions with Deutsche Brse AG with a view to reaching an agreement on an appropriate price and other
The crucial decision to be made at the Clearstream board meeting today is whether it clears the way for formal talks with Euroclear. So it was not surprising that Euroclear raised the value of its offer for the Luxembourg based
Although Standard Chartered has formally denied either having or having had discussions with suitors, and says it is under no pressure from shareholders to do so, the potential buyers named so far would have a limited interest in retaining the