CIBC Mellon is Canada's highest rated transfer agent. Or so says a survey of services provided to issuers and registered shareholders conducted by Group Five, a consulting and corporate services research firm. CIBC Mellon achieved top ranking in "overall satisfaction"
SEI Investments announced today that its Alternative Investment Fund Services unit has hired Michael Leahy as its Head of Alternative Investments Operations. Leahy joins SEI after eleven years with Goldman Sachs's Hedge Fund Strategies group a $4.4 billion hedge fund
BISYS announced today it had acquired Washington based Select Insurance Marketing Corporation (SIMCO), an insurance brokerage firm specializing in the wholesale distribution of long term care insurance. Terms of the transaction were not disclosed. BISYS is looking to expand its
Wilco International announced today i is developing a new range of SWIFT messaging functionality, including a new workflow monitoring tool for asset managers and a message input solution, both of which will be usable with Wilco's SWIFT service bureau. The
The Bank of New York (BNY) announced today that Ambac Assurance UK Limited had chosen the bank provide paying agent and custody services for its European secondary market insurance program. The program facilitates the provision of a triple A rated
Clearstream announced today that it was buying Filinks from CDC Ixis Capital Markets, in order to enhance the mutual fund processing capabilities of its Vestima platform. Filinks has developed a technology (FORS) which Clearstream says can dramatically improve STP rates
Asset Control today announced the release of AC Desktop 2.0 and AC Server 5.0. It says both deliver significant improvements in functionality. The new AC Desktop makes "golden copy" data easily accessible to non technical users, says the company, giving
A total of Euros 3.5 trillion will be traded on the German stock exchanges in 2002. This is 22 per cent down on the Euros 4.5 trillion traded in 2001. Or so say preliminary figures for the year 2002, which
SWIFT will supply messaging services to MEFF, the central counterparty and Spanish financial futures and options exchange. The agreement was signed in Madrid today by Jos Massa, Managing Director of MEFF parent Grupo Mercados Financieros, and Francis Remacle, a Member
BNY Trust Company of Canada, a subsidiary of The Bank of New York, announced today that it has been selected to serve as custodian, security agent, master servicer and special servicer for Falcon Trust, Summit REIT Limited Partnership's CAD $147,500,000