Northern Trust Global Investments ("NTGI") London has appointed Kevin Hardy as its new European director of transition management. He will be based in London with the remit to run NTGI's existing transition management product and service offering to institutional clients,
Summit Systems has appointed Kathy Perrotte, who is returning to the firm after a year long sabbatical, as Chief Operating Officer at its New York headquarters. Perrotte, a co founder of Summit in 1990, previously served in a wide range
BISYS, a provider of business process outsourcing solutions for the financial services sector, reported the results of its fiscal first quarter, which ended September 30, 2003. For the fiscal first quarter, BISYS reported net income of $4.8 million or $0.04
JPMorgan Treasury Services, a unit of JPMorgan Chase and a leader in global payment, trade finance and treasury management, announced enhancements to several products, including Image Lockbox Cost Benefit Calculator, Accounts Receivables Conversion, and Payable Web Service and Payee Verification.
FlexTrade Systems, an equity trading and order management system, announced that Sanford C. Bernstein & Co., LLC has installed FlexTRADER at the firm's program trading desk. FlexTRADER offers portfolio trading functionality and quantitative analytics. "To build a sizable institutional business
The Bank of New York announced that it has been appointed by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets,
Clearing House Interbank Payments System (CHIPS) implemented several Internet based enhancements to provide easy access to the system, Internet based management reporting, and further improvements to the efficiency of the clearing process. The first web based application is Supplemental Funding,
The Bank of New York has hired Ivan Royle from GE Capital in London to succeed Andy Sloan as Vice President and Head of European Communications. Sloan left the bank suddenly earlier this year. Royle was previously a communications director
FXall, online foreign exchange trading platform, says Barclays Capital, BNP Paribas and CSFB will use its prime brokerage messaging srvice. Ten banks now support FXall for prime brokerage. "We are excited that FXall is solving the problem of brokerage messaging
Eurex turned over 93 million contracts in October. Compared with October 2002 (86.5 million contracts), volume increased 7.5 percent. From January to October 2003, the derivatives platform turned over 874 million contracts, about 28 per cent higher than the number