The Northern Trust Company announced today that Stamford based MeadWestvaco Corporation has selected Northern Trust to provide securities services for $4 billion worth of defined benefit and defined contribution pension plans. MeadWestvaco's defined benefit assets, totaling $2.8 billion, were transferred
Trema, a provider of software, announced today that the Bank of Finland has chosen Trema Finance KIT to manage its foreign exchange reserves, monetary policy and customer payments. Trema Finance KIT integrates front and back offices. Bank of Finland is
Bayerische Landesbank and ING BHF Bank have become market makers on EuroCredit MTS, taking the number of participants on the system to 24. 21 Market Makers as well as three dealers (or "market takers") now participate on EuroCredit MTS. Euro
Tiger Projects Investment Management, an IT consultancy focused on the UK fund management industry, announced today that it had recently completed an IT consultancy project for Edinburgh Fund Managers. "We were impressed by the breadth of skills and experience demonstrated
European banks will spend 450 million on front office web based cash management technology in 2003, and the sum will rise steadily to 640 million in 2005. Or so says Celent Communications in a new, 45 page report, European Web
Stephan P. Vermut, President and CEO of Banc of America Prime Brokerage, has resigned after eight years in the job. The business started as Montgomery Prime Brokerage Services, a division of Montgomery Securities, but has grown significantly since Banc of
Dexia BIL, whose Fund Services group now administers US $120 billion in ten locations around the world, announced today that it is purchasing the Safran data consolidation solution for Dexia Fund Services from Cartesis, a European supplier of financial and
Brown Brothers Harriman (BBH) Foreign Exchange announced today the launch of the web based version of FX IndexLink, BBH's proprietary currency trading tool that provides benchmark neutral currency execution. Designed in cooperation with clients, FX IndexLink aims to help global
City Networks, provider of software and services to the treasury, securities and derivatives markets, today announced that Lloyds TSB Registrars has purchased their CityNet Cash Reconciliation (CARS) module for use in their UK offices. Every UK publicly listed company has