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DST International (DSTi), a provider of business applications and services to the asset management sector, has launched a new web based automated client reporting system, Reporter. DSTi has worked with top asset managers around the world for over 30 years

The head of the Tokyo Stock Exchange says that banks could face a loss similar to that of the 1990's if they rebuild their share holdings, according to The Financial Times. The Japanese government has put aside $16.6 billion in

Northern Trust has appointed Robert Browne as Chief Investment Officer. His previous roles have included executive leadership positions at ING Investment Management, Merrill Lynch and JP Morgan. Browne will be reporting to Stephen Potter, who is president of Northern Trust

Intesa has finalized the sale of its 30 percent stake in Carifano to Credito Valtellinese after receiving authorisation. The 100 million deal for the share of the business services firm will help Intesa SanPaolo consolidate its balance sheet. jt

The hedge fund industry saw a staggering $40 billion in outflow in October, according to a report by the Financial Times. That's the highest figure for a month since Chicago based Hedge Fund Research began compiling the data in 1990.

The managing director of the Indian National Stock Exchange has called for greater cooperation among exchanges to coordinate efforts, such as bans on short selling, The Financial Times reports. "In the context of such dramatic events as the unfolding credit

Credit crunch significantly affected KAS BANKs results in the third quarter of 2008. Comparing to 2007 turnover increased for the first nine months meanwhile operating profits decreased by 20%. As a result of global credit crisis KAS BANK got lower

Deloitte Touche Tohmatsu announced that Chris Lu has been elected the CEO of the Deloitte China commencing 1 October 2008. Lu succeeds Peter Bowie who will take up the position of Senior Partner, Deloitte China. Further, Joseph Lo has been