Omgeo announced today that Deutsche Bank Global Fund Services (GFS) had become the second client to centrally match cross border trades live on Omgeo Central Trade Manager (Omgeo CTM) on behalf of a fund management client in the Asian region.
Wilco says Edward Jones Limited has upgraded to version 3 of Wilco's Tarot retail broking and private client investment system for its UK operations. This further extends the relationship between Wilco's parent, ADP, and Edward Jones. Edward Jones has maintained
Omgeo announced today that it had promoted Scot Knight, currently executive director, Global Product Management, to be managing director of the Americas region including the United States and Canada. In addition, James Casey will expand his current role of managing
Currency overlay providers are missing out on an important tool that can help reduce the implementation headaches that plan sponsors frequently face when implementing a currency overlay program. Or so says Philip Simotas, President at FX Concepts, Inc., a firm
The Deutsche Brse Group has reorganised itself. From 1 January, its management will be organised on functional lines with "building" and "operating" trading, clearing and settlement systems kept distinct from "loading" the systems with transactions. At the same time, the
BNP Paribas announced today that it has applied to the CECEI for permission to hold between 10 and 20% of the capital of Credit Lyonnais. BNP Paribas added that it had told the board of Credit Lyonnais it wants a
The European rumour mill has it that the securities services division of Societe Generale is talking to Mellon about an ABN Amro Mellon or CIBC Mellon style alliance in French custody. Societe Generale, which recently reaffirmed its commitment to the
The Bank of New York announced today that British Sky Broadcasting Group plc (BSkyB) has selected the Bank as its successor depositary for its American depositary receipt (ADR) program.
One in three banks have automated their exception management processes . Or so say the results, published today, of a survey conducted by SunGard among banks which attended the Sibos conference in Geneva in the first week of October. Survey
Hedge funds produced a positive return of +2.55 percent on average in November, according to the Hennessee Hedge Fund Index published by the Hennessee Hedge Fund Advisory Group. But they still did worse than the market, in what was either