News

New Head of State Street Investor Services in South Africa

State Street Corporation, the specialist in meeting the needs of sophisticated global investors, announced today the appointment of Stuart Platt Ransom to vice president and general manager of State Street's investor services operations in South Africa. Platt Ransom brings an

SmartStream Technologies Focuses on Asia Pacific

SmartStream Technologies, the transaction management STP solutions provider, is pleased to announce SWIFTReady Gold accreditation for its Trade Finance product range as well as a distribution agreement with Brilliance Technologies in Asia. SmartStream Trade Finance, a complete Trade Finance solution

ValiCert Strengthens Management Team

ValiCert, Inc., a provider of software products that securely connect companies with their business partners over the Internet, today announced the appointment of Mr. John Vigouroux to the position of President of Field Operations with responsibility for ValiCert's global sales

Islamic Funds Booming, Says Cerulli

Good news there is money as well as mayhem in Islam. The August issue of the Cerulli Edge Global Edition, the monthly research note from Cerulli Associates, identifies opportunities in the Islamic funds market, currently estimated to be worth US$5

HVB Uses AutoDeal Lite to Connect to Currenex, Says Cognotec

Currenex, Inc. announces the integration of its FXtrades service with the automated pricing system of HVB. This integration by HVB marks the first time that a bank makes its automated pricing mechanism available on Currenex's FXtrades service using Cognotec's AutoDeal

RepoClear Launches Gilt Repo and Cash Products

RepoClear, the central counter party service for the European repo markets owned by London Clearng House (LCH), announced today that it has added gilt cash and repo markets to its service. These additions take RepoClear's coverage of European government bond

HSBC Looks on the Bright Side

Ever wondered what happened to the HSBC Merrill Lynch joint venture to bring private banking to the mass affluent? The HSBC results half year results announced today include a provision of $23 million for the bank's share of operating losses

Companies Must Monitor Pension Risks, Says Mercer

The recent call for companies to give mid year information on their pension scheme assets underlines the need to actively monitor and manage pension risks, says Mercer Human Resource Consulting. In light of the fall in equity values, the US

LCH To Provide Clearing Services to ICE

London Clearing House (LCH) announced today that from September 12 it will be providing clearing services to the IntercontinentalExchange(ICE), a web based electronic marketplace founded in March 2000 by leading U.S. and European financial institutions and energy and natural resource

Mellon Welcomes FSA Paper on Outsourcing

Mellon European Fund Services (MEFS) today welcomed the issue on 30 July by the Financial Services Authority (FSA) of Consultation Paper (CP142) .It set s out draft guidance to firms on operational risk systems and controls, including the management of