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SunGard adds Philippine broker to network


21 October 2013 Philippines
Reporter: Georgina Lavers

First Metro Securities Brokerage Corporation has joined the SunGard Global Network (SGN) to become the network’s first broker based in the Philippines...
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Russian CSD takes up legal identification


18 October 2013 Moscow
Reporter: Georgina Lavers

National Settlement Depository (NSD), Russia’s central securities depository, has begun to act as a pre-local operating unit that provides assigns pre-legal entity identifiers to Russian legal entities...
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European fund managers await hefty bill


09 October 2013 London
Reporter: Georgina Lavers

Regulatory change could cost European fund managers up to $500 million per annum, according to study by BNY Mellon and EY...
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US retirement system down two places


08 October 2013 Melbourne
Reporter: Mark Dugdale

The US has slipped to 11th in the Melbourne Mercer Global Pension Index. Its overall score fell slightly from 59 in 2012 to 58.2 in 2013, resulting in the American pension system being overtaken by Singapore and Germany...
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Fund managers' criminal past now on check


07 October 2013 New York
Reporter: Georgina Lavers

Individual background checks for fund manager staff, including investigating criminal and credit history, are now available at Kinetic Partners...
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Nordic Euroclear to start keeping ETFs under the wing


27 September 2013 Finland
Reporter: Georgina Lavers

Central securities depositories Euroclear Finland and Euroclear Sweden will, for the first time, make actively-managed exchange traded funds available for settlement and custody in their book-entry systems...
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Russian CSD puts on repository costume


26 September 2013 Moscow
Reporter: Georgina Lavers

Russia’s central securities depository, National Settlement Depository (NSD), will take on the functions of a repository in respect of all types of contracts, including repo and derivatives...
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BNY Mellon profits off of NAB alliance


24 September 2013 Sydney
Reporter: Georgina Lavers

BNY Mellon has capitalised on its new alliance with National Australia Bank, assuming responsibility for administration of the private equity holdings for Telstra Super, a NAB customer...
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Riva moves its Isle of Man office


24 September 2013 Isle of Man
Reporter: Georgina Lavers

Riva Financial Systems has moved its Isle of Man based headquarters from The Old Chapel, Union Mills, to a bigger space in the new St George’s Tower building...