News

Hedge Funds Still Outperform Global Equity Markets

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

Eurex Exchange Council Elects Fischer as Chairman

Constitutive Meeting of the Exchange Council of Eurex Deutschland Frankfurt, Germany January 10, 2002 Eurex, the international derivatives exchange, announced that the newly elected Exchange Council of Eurex Deutschland met for the first time. The Council members elected Leonhard Fischer,

Merrill Lynch To Take a Q4 Charge of $2.2 billion

Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job cut number includes all reductions since November, including a new round of 1,200 job cuts in

Equilend Finally Breaks Cover

After months of silence, Equilend has finally announced a COO and CTO for the securities lending consortium. Brent Bessire will be COO and be responsible for formalizing the infrastructure of the company, and will work with platform participants to provide

DrKW announces new Deputy Head of Global Equities

Dresdner Kleinwort Wasserstein, the investment bank of Dresdner Bank AG (a member of the Allianz Group) is pleased to announce the appointment of Roselly Ramseyer Torres as Deputy Head of Global Equities. In addition, Roselly will assume regional responsibility for

State Street Acquires Interest in ByAllAccounts

State Street has acquired a minority interest in ByAllAccounts Inc., an account aggregation service company based in Woburn, Massachusetts. State Street will also begin using ByAllAccounts' WebPortfolio aggregation service, which collects customer data from various financial firms and consolidates the

JP Morgan Boosts Corporate Trust With SST Acquisition

J.P. Morgan Chase & Co. and Systems & Services Technologies, Inc. (SST) announced that the parties have signed a definitive agreement under which JPMorgan will acquire SST, a wholly owned subsidiary of III Associates. A leading third party servicer, SST

Mellon Names Ian Gunner And Peter Cera To ForEx Positions

Mellon Financial Corporation announced the appointment of Ian Gunner and Peter Cera as vice presidents in Mellon's Global Foreign Exchange Group. Ian Gunner will serve as Mellon's London based head of foreign exchange research. Formerly senior foreign exchange strategist at

CREST Settlement Volumes Soar In 2001

CREST announced that it settled 73.4 million transactions in 2001, a rise of 26% on volumes in 2000, Turnover increased by 29% to 63.2 trillion. CREST also settled a record daily volume of over 480,000 transactions during the year. Membership