News

BoNY Acquires Axe-Houghton Associates ADR Management Business

The Bank of New York announced that it has signed a definitive agreement to acquire the Core International ADR and Domestic Equity Index institutional investment management businesses of Axe Houghton Associates, Inc., a wholly owned subsidiary of Hoenig Group Inc.

Hucker Strengthens Liberty Ermitage Executive Team

The Liberty Ermitage Group has appointed Mark Hucker as the Group Executive Director Infrastructure responsible for all aspects of operations, finance and compliance, reporting to Ron Mitchell, Chief Executive Officer. He joins from Perpetual where he was Finance Director and

RBC Global Services Rolls Out New Performance Measurement Database

The Benchmark(tm) Investment Analytics group (BIA) of RBC Global Services, Institutional & Investor Services (IIS), announced the release of a new and expanded suite of portfolio universes the Benchmark Universes which will enable institutional investors to better evaluate the performance

KAS BANK clearing specialist on Euronext Paris

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

McKean Joins BoNY Private Client Services

The Bank of New York announced that Matthew W. McKean has joined the Bank as a vice president of private client services in New Jersey. Mr. McKean brings to the Bank over fifteen years of financial services experience. His primary

Trafalgar Capital Raises $40 million

Trafalgar Capital Management, a London based fund manager founded in 1999 and now chaired by former Conservative government minister Lord Strathclyde, has launched a $40 million long short equity fund. Some of the funds were already under management, but the

ABN Amro Mellon Secures Winterthur Mandate

ABN Amro has won another custody mandate in its stated target market the insurance sector. XL Winterthur International a subsidiary of the Bermuda based XL insurance and reinsurance group, which purchased Winterthur International from Credit Suisse Group earlier this year

BoNY Selected by Lloyds TSB for ADR Program

The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the