International mutual fund managers will draw significant new investments from Latin American institutional investors over the next five years, says mutual fund research consultancy Cerulli Associates. This will compensate them for continued weakness in the increasingly competitive private investor segment,
The battle for control of Credit Lyonnais hotted up today with news that Crdit Agricole has alos increased its stake in the bank from 10.5 per cent to 12.17 per cent by buying shares on the open market. BNP Paribas
Eurex Bonds, the fixed income trading platform, announced today that on 18 December it will launch a new index family with Deutsche Brse, consisting initially of ten German bond indices. The new indices for fixed income German federal bonds are
Sun Microsystems announced today that Sony Information Technology Europe is the latest volume vendor to distribute Sun Microsystem's StarOffice 6.0, which was launched in May 2002. Sun now has over 20 large volume hardware and software suppliers distributing StarOffice 6.0.
Sales of IMMFA member funds continue to grow at a strong pace, rising to US$125.6 billion in the latest three months. Dollar funds at 29 November stood at $754.5 billion, Euro funds at EUR16.9 billion and pound sterling funds at
SunGard announced today that the SunGard FIX Engine version 4.5 has been awarded the SWIFTNet Ready FIX service label. The company says that the SunGard FIX Engine enables financial services institutions to manage large order flows more efficiently, reduce operational
David Hynes today announced his decision to step down as Chairman of the Institutional Money Market Fund Association (IMMFA). Hynes who is Head of Fixed Income Structured Products at Gartmore in London has held the position of Chairman of IMMFA
The Bank of New York announced today that Alumina Limited of Australia has selected the Bank as depositary for its listed American depositary receipt (ADR) program.
The Bank of New York announced today that Australian minerals company WMC Resources Limited has selected the Bank as depositary for its listed American depositary receipt (ADR) program. The bank now issues depositary receipts for more than 1,400 programs in
The Bank of New York announced today that Swiss pharmaceuticals manufacturer Roche Holding has selected the Bank as its successor depositary for its American depositary receipt (ADR) program.