Coutts, the private bank owned by The Royal Bank of Scotland, today announced that it is to offer clients the opportunity to invest in a new principal protected hedge fund of funds. Coutts is aiming to raise at least 100
FXall, the online portal for foreign exchange trading, has integrated its dealing engine with the risk management solution owned by FXpress Corporation, a provider of foreign exchange risk management tools. The venture aimsd to allow FXpress users to trade on
Anxiety about the ability of Global Crossing the telecommunications company with which SWIFT had recently to renegotiate an outsourcing agreement to survive financially increased further today with news that it had extended the deadline for receipt of potential bids for
SWIFT announced today that users representing 90 per cent of traffic are sending either live and or test messages in ISO 15022 formats, indicating that the migration from ISO 7775 to the new standard is progressing satisfactorily towards the 16
By 2005, two out of three US and European banks will sell products manufactured by competitors . Or say say consultants Celent Communications, in a study of what they have dubbed "open finance." In a new report, "Open Finance in
State Street announced today that the North Carolina Department of the State Treasurer, Minnesota State Board of Investment and the Employees' Retirement System of the State of Hawaii had appointed the bank to provide a variety of investment services. Together,
EMX Co, the UK based electronic fund trading and message exchange, has come up with an ingenious solution to the chief obstacle to greater efficiency in mutual fund processing the fact that nobody wants to pay for improvements. To counter
Citibank Global Securities Services announced today that it has been appointed Trustee and Global Custodian for Credit Suisse Asset Management Funds (UK) Limited for an additional GBP1.2 billion of global assets held in unit trusts and Investment Companies with Variable
HSBC Asset Management is planning a major expansion of its presence in the hedge fund business, according to a report in the Financial Times today. In an interview with the newspaper, HSBC Asset Management CEO Alain Dromer explained that HSBC