Efficiency to cut costs is all that is persuading WEstern European banks to invest in IT. At least according to IDC's latest IT spending forecast study, which indicates the banks will increase their IT related investments by a CAGR of
CSDs and ICSDs are competing with their clients, ought to compete with them, and will continue to compete with them across an ever wider range of service areas. Or so concluded a panel and plenary discussion on the question of
The Bank of New York, which has had a strategic alliance with Standard Bank in South Africa for several years, is opening a representative office of its own in Johannesburg. The office, the Bank's first in sub Saharan Africa, will
Citigroup Global Transaction Services today announced two new senior sales and product appointments. Jervis Smith has been named Global Sales Head of Managed Funds and Pension Funds. Prior to his appointment Smith, who joined Citigroup in 1994, held senior sales
SWIFT has reached a co operation agreement with the Spanish CSD IBERCLEAR, by which SWIFTNet will become a single point of access to IBERCLEAR's settlement platforms (CADE and SCLV). The agreement also defines future co operation with respect to ISO
ADP Brokerage Services Group has acquired Dataphile Software Ltd., a provider of real time, straight through processing solutions for broker dealers in Canada. The deal was signed on 21 May. Dataphile's flagship products include ExeClear, a real time back office
Wiliam von Mueffling, the star hedge fund manager who left Lazard in January this year after a disagreement over the division of the spoils, hopes to raise 350 million for his own Cantillon fund by the end of this summer.