Bank of Bermuda says it has hired Harvey Twomey as Director of Sales, Global Fund Services (GFS) . Based in London, Twomey will focus on growing the alternative asset client base in the UK and rest of Europe. He will
The Gillette Company has appointed the Bank of New York (BNY) to act as transfer, dividend disbursement and reinvestment plan agent. "With more than 44,000 shareholders, 20,500 of which are enrolled in its dividend reinvestment and direct purchase plans, Gillette
The aggregate turnover statistics for March 2003 show that a total volume of Euros 266.8 billion euros was traded on the German stock exchanges excluding Bremen some 19 per cent more than the month before (February 2003 223.3 billion euros).
March was the most successful month ever at Eurex. The derivatives market set a new record in monthly volume with over 106 million contracts traded, beating the previous record set in October 2002 (86.6 million contracts) by some 20 million
RiskMetrics Group, the financial analytics firm, has bought from JP Morgan the Arrakis analytics technology which underpins the bank's web based private banking system, Morgan OnLine. By the terms of the acquisition, RiskMetrics Group will assume control of the system's
TIBCO says that Derbyshire Building Society, now one of the largest organisations in the shrunken UK building society sector, has bought its integration tools to improve operational efficiency in home loans, savings and investment products, insurance, purchasing, internal fiscal reconciliation
Businessmen read newspapers. How else to explain the fact that one in four companies (26 per cent) expect to experience some form of terrorist attack over the next two years, according to research released today by think tank RAND Europe
Charles Schwab is understood to have switched its third party lending programme from Deutsche GSS, recently acquired by State Street, to Brown Brothers Harriman (BBH). If so, it is a substantial coup for BBH, which did not enter the securities
ADP Power Securities Systems (ADP PSS), a unit of A DP's Brokerage Services Group announced today the launch of the new ASP version of PowerClear, its securities transaction processing system. The ASP product is named webPowerClear and it includes new
Northern Trust claimed today to be enjoying an unusually high rate of success in winning business from insurers. It says new clients include ACUITY, Hawaii Medical Service Association, Medmarc Insurance Group, and USAA. These wins, and nine others, including the