Sam Sparhawk has been promoted to head of custody and securities lending services at PFPC Trust Company, overseeing total assets of $347 billion, mainly in mutual funds. Sparhawk's promotion follows the announced retirement of PFPC Trust Company chairman and executive
The Securities Institute has added an asset servicing module to its Investment Administration Qualification (IAQ). The new Asset Servicing module has been developed in conjunctin with a number of firms, including Goldman Sachs, Citigroup and JP Morgan Chase. Incorporated into
Commerzbank has devised a new investment certificate the Commerzbank Europe ZinsPlus, based on the FTSE Euro Corporate Bond Index for retail as well as institutional investors in Germany. The aims is to give them the opportunity to invest in investment
The CSFB Temont hedge fund Index was up 1.96 per cent in April, taking it to 4.23 per cent n the year to date. Emerging markets funds were the top performers for April, up 3.89 per cent, while Distressed funds
The UK regulator, the Financial Services Authority, yesterday unveiled a package of measures aimed at cleaning up the way mutual fund managers make use of past performance information in advertising. Sales of mutual funds in the UK, long driven by
Stewart Wright, executive director of the banking business at Clearstream, left the Luxembourg based ICSD for the last time last night. Wright, who joined the then Cedel in January 1995, is said to want to spend more time with his
Trema says its new front office pricing module, Pricing KIT, offers users access to the price of any financial instrument handled by Finance KIT and also enables users to make comparisons of market quotes. It adds that two companies have
State Street has been appointed to provide global custody, fund accounting and performance measurement for $300 million in assets for the Hong Kong Electric retirement fund. "We look forward to working with Hongkong Electric, a long standing member of the
Taiwan is to set up a Central Depository Company for bills and financial debentures in September this year. The new CSD, which will be capitalised at NTD 2 billion (US$ 57 million), will be owned by bill houses, custodians, clearing
Mercer Investment Consulting has been appointed to provide investment manager selection services for Pacific equities to the First Swedish National Pension Fund (Frsta AP Fonden). Frsta AP Fonden is one of the four buffer funds in the new Swedish Pay