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
JPMorgan made its long awaited entry into the prime brokerage business today with the launch of MasterSwap, a synthetic prime brokerage service that aims to capitalise on the acknowledged expertise of the bank in the OTC derivatives markets.
Caxton Associates, run by Bruce Kovner, is now the biggest hedge fund in the world with assets of $10.5 billion. Or so says the Absolute Return list of the Top 100 US Hedge Funds.
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.
Deutsche Borse says SWIFT, the Brussels based messaging utility, has praised its Clearstream settlement arm for its high rates of STP. SWIFT has recently completed a review of the STP capabilities of Clearstream's operations as part its programme of helping
UK investors will soon be able to access corporate governance analysis and electronic voting capability on companies in 80 other countries, as well as the UK, through a new joint venture announced today by the National Association of Pension Funds (NAPF) and the US-based corporate governance agency, Institutional Shareholder Services (ISS).