Banque Piguet, a Swiss private bank, has appointed Charles de Boissezon as Chief Executive Officer (CEO). He starts work on 1 November 2003. De Boissezon joins Banque Piguet after 32 years with the HSBC Group where he has held a
Friends Provident, he UK life and pensions office, says it will dispense with its in house sales force. The change is prompted by "de polarisation," a proposed regulatory change that will end the divide between independent financial advisors (who sell
J.P. Morgan Chase will pay $25 million to settle a U.S. Securities and Exchange Commission probe into unlawful allocations of initial public offerings, according to an SEC announcement yesterday. "This case is yet another example of the commission's resolve to
MTS S.p.A. and Centralna Tabela Ofert (CeTO) announced today that they have signed a letter of intent for the implementation of a domestic Polish government bond market, based on the MTS system. CeTO is the designated Polish electronic Treasury securities
Joachim Treppner is to join the management team of the restructured J.P. Morgan Fonds Service GmbH (Master KAG) with effect from yesterday. Treppner will report to Martina Reichl, CEO of J. P. Morgan Fonds Services GmbH, which is part of
Deutsche Bank and Dresdner Bank have agreed to have their payments processed by Postbank. Preliminary agreements for this have now been signed by the three companies. The three banks say they see this as an important step in implementing their
Barra has enhanced its Barra Aegis System equity portfolio risk management solution. The company says the new version of Aegis introduces more accurate and timely performance attribution through a daily attribution framework and delivery of daily data a flexible weight
Interactive Data Corporation and Moneyline Telerate have formed a strategic alliance. Moneyline Telerate will integrate Interactive Data Corporation data sets and applications into its workstation and interactive feed products to create a support tool for pre trade, trade and post
The Korea Stock Exchange (KSE) will introduce covered warrants with the underlying asset being listed shares or market indices in the first half of 2004. The KSE is currently reviewing the operational details with securities firms before seeking approval from
The Bank of New York Company says it has reached a settlement with the General Motors Acceptance Corporation ("GMAC") over GMAC's claims relating to the 1999 sale to GMAC of BNY Financial Corporation, the bank's factoring and asset based finance