Securities Finance

Merrill Rejects Allegations of Research Bias

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of

Citibank Secures Full Membership of Clearnet

Citibank Global Securities Services announced today that it has gained admittance as a General Clearing Member (GCM) to the French and Belgian segment of Clearnet, the central clearing counterparty (CCP) for French, Belgian, and Dutch stocks traded on Euronext. Citibank

MTS Finland Launched

MTS Finland, the segment for the trading of Finnish government securities, was launched today, in cooperation with MTS Belgium. The segment, which is tailored to the needs of the Finnish market, will take advantage of the liquidity and efficiency of

Goldman's Paulson Rejects Insider Trading Allegation

Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of

Tokyo Stock Exchange to Publish Short Selling Data

The Tokyo Stock Exchange (TSE) has decided to publish data on short selling of stocks listed on the exchange. Monthly trading value figures for short selling will be calculated by summing the total of the daily trading value figures, excluding

PIMCO Defies the Odds to Grow Fast in Japan

PIMCO, the California based fixed income fund manager owned by Alliianz of Germany, has appointed former Daiwa and Goldman luminary Makoto Takano President of PIMCO Japan. The appointment reflects how fast PIMCO is now growing in Japan, where its assets

JGB Withholding Tax Saga Continues

The withholding tax saga which damaged international confidence in the Japanese Government Bond (JGB) market last year has taken another twist. Though the change in Japanese tax law which takes effect today was agreed towards the end of 2001, it

BondVision Says Volumes Are Rising Rapidly

BondVision, the on line dealer to client market, says its trading volumes are soaring. Activity hit a record level of €1.3 billion on Friday 22 March, and volumes for the whole month are already a fifth ahead of February. The

Deutsche Bank: Smollen Out, Zimmerhansl In

Tim Smollen has quit Deutsche Bank, heading a team defection of securities lending experts to Dresdner Kleinwort Wasserstein (DrKW). Smollen will head a new DrKW agency securities lending business from London, while two colleagues from Deutsche Bank David Martocci and