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
Securities Industry News reports today that Icap the inter dealer broker formerly known as Garban is in talks to acquire BrokerTec, the bond trading platform owned by the major investment banks.
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 GBP1.2b of global assets held in unit trusts and Investment Companies with Variable Capital
KPMG Consulting, Inc. today announced that it has entered into a definitive agreement to acquire KPMG Consulting AG (KCA), the German, Swiss and Austrian consulting units of KPMG DTG for $685 million. With 2001 gross revenue of approximately $540 million
Fortis Fund Services has launched a new service, NAVSecure, which enables fund managers and institutional investors to access reports, statements and fund information on line. NAVSecure subscribers are also able to access historical reports and statements, 24 hours a day,
RBC Global Services has appointed Standard Chartered its sole custody provider in India. This is a coup for Standard, since RBC is now the eleventh largest global custodian, with a network spanning 82 markets. Besides India, RBC Global Services also
Atos Origin, the French IT services provider, today announced that it had agreed to purchase the KPMG Consulting operations in the UK and The Netherlands for Euros 657 million ($610 million). The two units currently employ 2,800 people and enjoy
A UBS Warburg spokesman confirmed today that the investment bank is trimming the payroll in London. However, he denied reports that 75 corporate financiers and 25 junior bankers will be axed. The correct figure is 55 people out of the
Deutsche Brse announced today that 9,042,880 shares were placed successfully with institutional investors in Europe and the United States at a price of Euros 44 per share. Deutsche Brse raised a total of around Euros 400 million before commissions and