Northern Trust has been selected as custodian to investment advisory company Summit Investment Partners' Apex Series and Pinnacle Series mutual funds. Summit Mutual Funds has appointed Northern Trust's Global Fund Services Practice to provide global custody, foreign exchange, securities lending
The Crdit Agricole Board of Directors yesterday accepted the resignation of its Chairman, Marc Bu. In replacement, the Board elected Ren Carron Chairman. He is also Chairman of Crdit Agricole's holding company, SAS La Botie, and of Fdration Nationale du
The Rubicon Corporation, a leading source of expert insurance services and solutions, today announced the acquisition of Misys Claims Management Limited from Misys plc, for an undisclosed sum. Formerly known as CWA Claims, Misys Claims Management was established by Misys
Merrill Lynch announced today that it is creating a new Global Private Client Group (GPC) to combine the firm's U.S. and International Private Client Groups. It will be headed by James P. Gorman, executive vice president and current president of
As part of the strategic refocusing of its activities in Europe, Credit Agricole Indosuez has agreed to sell LibertyView Capital Management Inc., its American alternative investment management subsidiary. An agreement in principle for the sale of LibertyView Capital Management Inc
NeoNet, the international agency broker that provides electronic equity execution services for institutional investors and broker dealers, today announced that Eze Castle Software, a provider of order management software, will offer its clients trading access to European equities exchanges via
Based on the aggregate turnover statistics, a total volume of 257.2 billion euros was traded on the German stock exchanges in November, more or less even with the previous month's level (October 2002 266.4 billion euros). The November total comprises
Monument Securities, the London based financial advisers where economics guru Stephen Lewis is Chief Economist, today announced the launch of the Marcellus Fund, a hedge fund investing in European equities. The Marcellus Fund will be managed by Grant Cullens, 39,
Eurex, the international derivatives market, traded and cleared over 63 million contracts in November. A record in monthly volume had been set in the same month of last year with 74 million contracts traded, 14 percent above the number traded
The Chartered Institute of Personnel and Development (CIPD) in the UK has an answer to the retirement crisis scrap the idea of retirement. The CIPD, which is supporting an Age Positive week between 2 and 6 December, says it has