News

Kirby Quits Bolero to Re-Join Reuters

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Man Group Raises $590m in Latest Product Launches

Man Group plc, the international hedge fund manager and futures broker, announced that its two most recent launches Man Multi Strategy Series 3 Ltd and OM IP Hedge Plus Limited have together raised the equivalent of over US$590 million of

State Street Announces Continuous Double-Digit Growth

State Street Corporation announced fourth quarter earnings per share of $0.52, up 16% from $0.45 per share in the fourth quarter of 2000. Total revenue on a taxable equivalent basis was $1.0 billion in the quarter, up $115 million, or

Mellon Wins Norwich Union Fund Supermarket Mandate

Norwich Union's online personal finance service, norwichunion.com, has awarded the fund administration of its new fund supermarket to Mellon Global Securities Services, the third party administration and global custody arm of Mellon Financial Corporation. Mellon is providing full administration services

Delaware Mutual Funds Go For 'eDelivery'

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Second Part of ISMA Survey is Due on Jan 22

The International Securities Market Association (ISMA) is holding a press conference to publish the second in its new series of European repo market surveys, designed to enable participants in Europe's cross border repo market to gauge its size. The repo

Shares of Northern Trust Drop In Aftermath of Enron Fall

Shares of Northern Trust dropped more than 4% yesterday, after the Chicago based firm noted an 18% drop in quarterly profits following a $45 million provision for credit losses largely related to loans to failed energy trader Enron.

SmartStream Technologies In CORONA deal with Dexia BIL

SmartStream Technologies, the leading transaction management STP solutions provider, is pleased to announce that Dexia Banque Internationale Luxembourg (Dexia BIL) has selected the Corona CS (Client Server) solution to automate its reconciliations process and provide a foundation for Straight Through

Natexis Banques Populaires Appoints HSBC GIS

Global Investor Services (GIS), the custody division of HSBC, has been appointed UK sub custodian for approximately Euro 1.5 billion of its assets by Natexis Banques Populaires. The appointment follows a comprehensive review of the UK sub custodian market by