The Bank of New York announced today that it has been selected to serve as a trustee, registrar, paying agent, account bank and transaction administrator for the Philippines Metro Rail Transit Corporation (MRTC) Securitization 9 tranche Asset Backed Notes, in
BNP Paribas announced today that it has secured a licence from Standard & Poor's to create derivative products linked to the S&P Hedge Fund Index. The French bank intends to provide a variety of derivative products linked to the S&P
A majority of U.S. institutional investors say the strengthening of existing Chinese Walls is the best means for reforming sell side equity research, but fewer think it will resolve conflicts of interest and fewer still that it will improve the
The Singapore authorities claim to be making rapid progress in their efforts to turn the island state into a global fund management centre. The news today that home grown fund manager APS Asset Management has secured an US$80 million Asia
Robert G. Burke, Edward Heilbron, and James Johnston will join Mercer Investment Consulting's New York practice from January 1, 2003. "Adding these experienced senior consultants reflects our commitment to meet the increasingly complex needs of our investor clients in the
Aquila, the pensions administration solutions provider which recently acquired Heywood, today announced the launch of an Application Service Provider (ASP) version of its core product offering. The first client for the new service is Tate & Lyle Pension Trust Limited,
Luxembourg based Lombard International Assurance has hired Reuters and its subsidiary, TIBCO, to improve its STP performance by providing the company with SWIFT connectivity and linking its fund accounting systems and in house policy management systems. Lombard, which is enjoying
Gerling NCM, a Dutch based provider of credit insurance, has selected ABN AMRO Mellon to provide global custody and other services to its Euros 1.1 billion fund. This appointment builds on an existing relationship with the former Dutch company NCM,
Egg, the Internet based banking, insurance, investment, mortgage and shopping supermarket majority owned by the Pru, was recently voted the world's largest purely online bank by Nielsen Netratings UK audience measurement. Its "unique" audience of 1,507,000 customers at end October
SunGard warns today that the transition to SWIFTNet, the new network created by the Brussels based payments network SWIFT, is more complex than some banks realise. And it has to be accomplished no later than the end of 2004. The