Wilco International, a wholly owned subsidiary of ADP Inc announced an alliance with withholding tax software and services specialist GOAL (Global Operations and Administration Ltd). The alliance will extend the range of Wilco's corporate actions solutions by providing access to
EuroMTS is close to choosing between London Clearing House (LCH) and Clearnet as its Central Counter Party (CCP) service provider, and a decision is expected by Christmas. The Italian born fixed income trading platform has learnt the lesson of the
Brown Brothers Harriman (BBH) Foreign Exchange announced that Nick Bennenbroek has been hired as an assistant vice president and is the latest addition to BBH FX's currency research team. This recent expansion effort is the next step in BBH FX's
The president of Nikko Asset Management Co. will step down to take responsibility for a massive pullout by investors from one of the firm's managed funds, the company announced Monday. Investors have withdrawn more than 3.7 trillion yen from a
The Euroclear strategy of establishing direct links with market utilities took another step forward today with the news that investors in Hong Kong will in future be able to hold and settle securities in Euroclear via a real time link
The Hong Kong Monetary Authority (HKMA) and Euroclear announced their agreement to develop a direct link between the HKMA's Central Moneymarkets Unit (CMU) and the Brussels based international central securities depository. This fully automated, real time link will enable investors
The Bank of New York announced that its subsidiary, The Bank of New York (Luxembourg) S.A., has established a Belgian branch that will enable it to offer custody and administration services to Belgian domiciled collective investment undertakings (UCIs). The Bank
State Street Securities Company Ltd., a wholly owned subsidiary of State Street Corporation, announced today that it has been appointed transition manager for the pension fund of Japan Travel Bureau (JTB) and has completed a portfolio transition utilizing its agency
SunGard eProcess Intelligence, an operating unit of SunGard announced that KBC Bank NV, Belgium's third largest bank, has selected intelliMATCH for matching and reconciliation of securities items and related cash. SunGard's exception processing solutions help improve straight through processing rates
For the second consecutive year, leading hedge fund advisory firm Parker Global Strategies is forecasting 20% plus growth in global allocations to hedge funds in 2002, with arbitrage strategies expected to net the biggest inflows of assets. "Hedge funds will