News that the Ottoman Bank merger with Garanti Bank, announced in mid October, is going ahead on 19 December will reduce competition for sub custody business in one of the two most closely watched emerging markets of recent times Turkey.
The New York Clearing House announced a major initiative that will provide the first Internet enabled global payments infrastructure needed to support true B2B e commerce. The new functionality will enhance the capabilities of the Clearing House's two core payment
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
ABN Amro has won another custody mandate in its stated target market the insurance sector. XL Winterthur International a subsidiary of the Bermuda based XL insurance and reinsurance group, which purchased Winterthur International from Credit Suisse Group earlier this year
Trafalgar Capital Management, a London based fund manager founded in 1999 and now chaired by former Conservative government minister Lord Strathclyde, has launched a $40 million long short equity fund. Some of the funds were already under management, but the
Omgeo, the joint venture between Thomson Financial ESG and the DTCC, confirmed in late November that SWIFT had accepted it as a key part of the securities market infrastructure. On the face of it, this puts the Omgeo virtual matching
The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the
BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that its fully disclosed correspondent clearing services were selected by IBIS Securities LLC. IBIS Securities LLC is a general securities broker dealer that specializes in the
Telecommunications suppliers looking to tackle the perception that bandwidth is commoditised will be encouraged to learn that Syntegra, the BT subsidiary with a growing presence in the securities industry see "Shooting the messenger" in Global Custodian, Fall 2001 , is
ABN AMRO Mellon has won the mandate to provide global custody to the pension fund of BBA Group PLC, the industrial group that services the aviation and industrial markets. The fund, worth 350 million ($508m), will convert to the alliance's