BNY Brokerage Inc. today announced that Craig Viani has joined the company as senior vice president and head of its newly established Over the Counter (OTC) trading desk. BNY Brokerage is part of BNY Securities Group, which comprises The Bank
The Patriot Act will oblige Wall Street investment banks to invest $700 million improving their anti money laundering technology over the next two years. Or so says the Tower Group, in a new report entitled The USA Patriot Act Brokers
Barclays Global Investors (BGI) has appointed Gerrit Van Gorp to the newly created role of Head of Fixed Income Business Development within its European Individual Investor Business (EIIB) group. Van Gorp will report to John Demaine, Head of EIIB. He
International Financial Data Services (IFDS), the international fund administration and transfer agency joint venture between State Street and DST Systems, announced today that it has appointed Simon Hudson Lund as managing director of Administration Services, in which capacity he will
Syntegra announced today that brokers Prebon Yamane went live in Sydney earlier this month with its ITS turrets, speakers and voice trading technology. The new technology replaces an older Syntegra system that the broker installed in 1992. "Following the decision
Buttonwood Tree Group, a technology consultancy, says Ian Cohen, previously COO of Barclays Capital and before that CEO of Jiway Broker Services, has joined as group director with responsibility for developing the company's Operational Services and Business Risk Control solutions.
The UK Trades Union Congress (TUC) has told the government that its Green Paper on pension reform is not enough. The TUC told the government today, in its submission on the document that far more needs to be done. In
The pace of consolidation in Scandinavian banking and insurance could accelerate if proposals recently put forward by the Norwegian government are passed into law. A bill now before the Norwegian Storting (Parliament)proposes the abolition of ownership restrictions on Norwegian banks
Malysia, which earned the opprobrium of the industry when it imposed exchange controls during the Asian Flu of 1997 98, today loosened them a little. The central bank, Bank Negara Malaysia (BNM), has announced a liberalization designed to make it
The Financial Times reports today that Todd Christie, CEO of the Spear Leads & Kellogg correspondent clearing operation owned by Goldman Sachs, has stepped down. Christie was a partner in the firm, which Goldman bought for $6.2 billion in 2000.