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
PricewaterhouseCoopers has undertaken an interim update of its 2001 UK investment management survey to assess the industry's response to increased competition and the aftermath of 11 September. 21 firms with over 1000 billion under management participated in the interim update.
Credit Suisse Private Banking has conformed that it has bought an exception processing solution from SunGard. HansPerter Luethi, VP, says "SunGard e Process Intelligence will facilitate even tighter consolidation of the services provided within the Group, provide a special, wide
Bank of America Corp. plans to hire 350 people in its securities unit by mid 2002 as the third biggest U.S. bank says it aims to bring in more talented bankers and traders from the ranks of those fired on
GSTPA axion4 will be giving a live demonstration of the long awaited Transcation Flow Monitor (TFM) at the SWIFT offices in Park Avenue, New York, on Tuesday 27 November. The demonsration, which will be compered by outgoing CEO Steve Crosby,
DWT Conferences Limited announced that Dealing with Technology (DWT), an annual global trading and risk management forum, will be held at The Brewery, London, on Thursday 11 April 2002. DWT 2002 London will focus on the challenges facing financial institutions
Hong Kong Futures Exchange Limited (HKFE) selected Radianz's global financial extranet RadianzNet to connect the Hong Kong Futures Automated Trading System (HKATS), to financial professionals in the United States, United Kingdom and other countries worldwide. HKFE is said to benefit