SEI Investments has announced the results of a research project into the European Private Banking Market, which demonstrates that Private Banks are in need of credible outsource providers to help them grow. The research demonstrates that Private Banks are under
Following decisions by the Investment Company Institutes Board of Governors, ICI Chairman Paul G. Haaga, Jr. announced that the ICI would urge the Securities and Exchange Commission to dramatically curtail the use of soft dollars by all investment advisers, including
SunGard Corbel, an operating unit of SunGard, has announced the release of an Application Service Provider (ASP) version of its Relius Administration recordkeeping system. With the ASP version, SunGard Corbel hosts the "server" hardware and technology infrastructure including the database
SS&C Technologies, Inc. has announced its acquisition of Amicorp Group's fund administration line of business for $1.8 million in cash and the assumption of certain liabilities. The fund administration business, to be named SS&C Fund Services N.V., will be headquartered
Wall Street Systems, Inc., a provider of global treasury and capital markets solutions and services, has announced the appointment of John Murray as sales manager for Southern Europe, Middle East and Africa. Murray will be based in London with responsibility
Thomson Financial, an operating unit of The Thomson Corporation, and Radianz, a provider of market communications infrastructure for the global financial services industry, have announced a strategic agreement where Thomson Financial will have access to Radianzs market communications infrastructure, RadianzNet,
The China Life Insurance IPO last week raised HK$23.5 billion (US$3 billion), a sum close to the top of market expectations, with investors ordering 25 times more shares than were available. Orders from institutional investors topped US$50 billion as investors
Clearstream says its Vestima mutual fund processing platform is now achieving average STP rates of 91 per cent for mutual fund managers, transfer agents and fund distributors connected through it. Transaction volumes also rose by 166 per cent during 2003,
BNP Paribas has announced its plans to join forces with Exane in the equity brokerage arena in order to create an ambitious player in the European equities market under the name Exane BNP Paribas. BNP Paribas and Exane's partnership structure
Financial institutions see regulatory compliance as the single most important driver of business strategy for 2004, according to a survey announced by Sun Microsystems. Of those surveyed, 64 per cent cited compliance with legislation such as Basel II and Sarbanes