Bob Fields, the former Chase luminary who used to run the financial institutions group at Bank of New York has retired (says BNY) or resigned (says Scuttlebutt). BNY says no decision has been made on a successor. The reporting structure
Thomson Financial says Merrill Lynch has become the first international sell side financial institution to send indications of interest (IOI) and advertised trades (AT) via the new Thomson AutEx network using a single connection and the FIX protocol. This marks
The Depository Trust & Clearing Corporation has revealed that nine of the largest dealers in credit default swaps worldwide are now using the automated trade confirmation service developed by DTCC to confirm trades. DTCC boasted that its service, which is
ADP Wilco, a subsidiary of Automatic Data Processing, Inc., has announced a new tax processing and reporting service for banks and securities firms domiciled in Switzerland to service their German retail clients. The service, which uses ADP Wilco's Fitas platform,
Datamonitor (DTM.L), an independent market analyst, predicts that global enterprise spent on voice applications will increase by 196% over the next three years to nearly $1.6 billion by 2007, compared to only $540 million today. Datamonitor's report, Vertical Voice Applications
The European Commission's latest Progress Report on the Financial Services Action Plan concluded that the FSAP has been one of the driving forces behind the developing European capital market, and has improved prospects for sustainable, investment driven growth and employment.
Platinum Wealth Management, the international financial and investment group, has announced that Peter Kenny has been appointed Managing Director of Platinum Wealth Management Ltd in the Isle of Man and Managing Director of Platinum Trading Management Ltd. Prior to joining
SunGard Corbel has released its newest 5500 applications, Relius Government Forms 5500 Enterprise and Omni Enterprise. Both systems are designed to gather and integrate data from high volume administration systems including SunGard's OmniPlus administration system, and completely automate the Form
The chairman of Swedish insurer and pensions group Skandia resigned yesterday after a report disclosed that senior executives had misled the board and auditors, collected excessive bonuses and made shareholders pay for private apartments.Chairman Bengt Braun, who took over earlier
Den norske Bank (DnB) has named the Section Heads in DnB NOR Markets, Securities Services Division, following the recently agreed merger with Gjensidige NOR. The musical chairs have proved predictably difficult, with more candidates than jobs. Most importantly, Ulf Norйn,