The Bank of New York announced today that its clearing subsidiary, BNY Clearing Services LLC, , has been selected to supply fully disclosed correspondent clearing services to Itau Securities Inc. and BBA Icatu Securities Inc. Both firms will clear through
BISYS announced today that Enterprise Capital Management has appointed the firm to administer its new, private labeled individual(k) retirement plan, the pension alternative that became available for small business owners under the provisions of the Economic Growth and Tax Relief
Investec Securities and Shore Capital today became the first Retail Service Providers (RSPs) to use the London Stock Exchange's new Gateway trading service to provide quotation and execution services to private client brokers. The Gateway works by linking RSPs and
Excellent comments on the inefficiency of the mutual fund industry in the UK. It reminds me of the situation that has existed in Information Technology, where the suppliers and professionals involved have a self interest to maintain the complexity in
Getting corporates on to the SWIFT network is one of the trickier tasks facing the Brussels based messaging network, since its bank shareholders find the idea of direct corporate membership of the network anathema. To counter bank fears of disintermediation,
Trafalgar Capital, the St James's based hedge fund manager run by Chris Aarons and Nick Cremin, today announces the appointment of Richard Szwagrzak as Chief Financial Officer and Chief Operating Officer. Mr. Szwagrzak is expected to build on Trafalgar's existing
After growing at 45% in the first quarter of 2002, Celent grew at a blistering 74% in the second quarter of 2002, compared with the same period last year. Building on this growth, Celent is expanding into Asia, officially opening
Despite being up for sale, Deutsche Bank Global Securities Services (GSS) remains determined to pursue business as usual. Today, it launches Db Instruct, a web based, interactive settlement instruction entry tool designed to reduce operational risk and take end to
In focusing on the need to stabilise employer costs and administrative burdens, the Pickering report on pensions has failed to come up with a blueprint which will restore consumer confidence in private pension schemes, says the Association of Chartered Certified
Ivan Martin is to be the new CEO of the Misys Banking and Securities Division. He takes up his post in early August. Martin, who joined Misys in 1995 after the acquisition of the ACT Group, was previously the CEO