London Clearing House has won a Queen's Award for Enterprise, in the Innovation category. The Award was made to LCH for the development, introduction and implementation of the SwapClearв service. LCH says it has taken the central counter party clearing
The Bank of New York is buying the corporate trust business of INTRUST Bank, N.A, through its indirect subsidiary, BNY Trust Company of Missouri. INTRUST Bank is a wholly owned subsidiary of INTRUST Financial Corp, headquartered in Wichita, Kansas. The
Northern Trust has named Noelle Tan has been named Senior Relationship Manager in Singapore and Karen Tan as Regional HR Manager. As Senior Relationship Manager, Noelle Tan will play a key role in servicing Northern Trust's client base of government
SEI Investments, the manager of managers fund management products and outsourcing services, reckons it may have turned the corner on a difficult period, after reporting increases in net income and earnings per share over the corresponding period in 2002. "We
Stuart Gulliver and John J. Studzinski, who joins HSBC from Morgan Stanley, will become Co Heads of HSBC's corporate, investment banking and markets (CIBM) business, from 2 June 2003. HSBC says combining origination, trading and sales under co heads will
Trace Financial Limited has reached an agreement with GOAL Group, the withholding tax experts, to develop a better solution to corporate actions management. GOAL's flagship offering, GTRS, automates the complex and dynamic process of reclaiming cross border withholding tax on
Radianz says the Chicago Board of Trade (CBOT)has selected the firm to provide the Internet Protocol (IP) based networking needed to distribute real time financial information from its new market data feed to approximately 60 market data vendor connections throughout
Mellon said today that it had completed the repatriation from Clydesdale Bank (now National Custodian Services) to its in house operation of nearly 30 billion of UK custody assets held by Mellon Global Securities Services (GSS) The 29.7 billion of
Deutsche Borse has expressed its support for the overall assessment and measures proposed in Volume II of the Giovannini Report on clearing and settlement. The company says it shares the experts' view that in order to raise the level of
Integra SP, a specialist integration service and solutions provider today announced that it has acquired the business and assets including the intellectual property of Altio Ltd. A London based software company, Altio Ltd developed and marketed AltioLive(tm), an XML platform