News

JPMorgan Investor Services Wins $16 Billion Gartmore Mandate

JPMorgan Investor Services says it has been selected by Gartmore Group as global custodian to the Gartmore Funds' US$16 billion in assets. The American bank will provide global custody, foreign exchange, cash trade execution, securities lending and commercial banking services.

Korean Won Becomes Eligible For CLS Bank

The Koean Won will is the latest currency to become eligible for settlement via CLS Bank. CLS Bank International said that the Won would join the system as soon as all the requirements in its rules are satisfied, the necessary

ANZ Plotting Major Investment in China Banking Market

ANZ is considering a move into China as part of its wider push into Asian markets, according toa report in the Australian Financial Review. ANZ already has a co operative alliance with China's Shanghai Rural Credit Co operative Union (SRCCU).

BACA Subsidiary In Poland BPH PBK Has Strong First Half

BPH PBK, the Polish subsidiary of Bank Austria Creditanstalt (BACA) that secured commended status in the 2002 Global Custodian Survey of Agent Banks in Emerging Markets, has had a good first half. Net income before taxes rose by 48 per

DTCC Pilots Transaction History Research Service

The Depository Trust & Clearing Corporation (DTCC) has launched a new research service. SMART Search for Archived Reports aims to provide firms with access to reports of CSD transactions going back "several years." Accessible over the Internet or through DTCC's