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First ADR depository launched in 20 years


28 November 2014 New York
Reporter: Stephanie Palmer

Convergex has become the first financial institution to establish a new ADR depository for more than 20 years...
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Regulation dates can be moved, says EU


27 November 2014 London
Reporter: Stephanie Palmer

The upcoming introduction of mandatory clearing for interest rate swaps could be delayed, as the details may not be finalised in time for implementation date on 15 December...
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Rhön-Klinikum completes repurchase programme


27 November 2014 Frankfurt
Reporter: Stephanie Palmer

Rhön-Klinikum AG has successfully executed its share repurchase programme using tradable tender rights; the first time this method has been used on the German stock exchange...
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Standardised fund processing on the increase


27 November 2014 Brussels
Reporter: Stephanie Palmer

A joint report from SWIFT and the EFAMA shows an increase in fund processing and standardisation among trading agents in Luxembourg and Ireland...
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Orangefield acquires Legis Fund Services


27 November 2014 Guernsey
Reporter: Stephanie Palmer

Orangefield Group has purchased Guernsey-based Legis Fund Services, expanding its fund services division and increasing its total assets under administration to more than $50 billion...
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Simmons & Simmons to open new office


27 November 2014 Luxembourg
Reporter: Tammy Facey

Simmons & Simmons will open a new office in Luxembourg with recently recruited partner Stéphane Ober leading a new team...
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Ajman Bank chooses Corona


26 November 2014 London
Reporter: Stephen Durham

Islamic financial services institution Ajman Bank has implemented SmartStream’s Corona solution...
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New solution from OneVue and Eureka Report


26 November 2014 Sydney
Reporter: Stephen Durham

OneVue Holdings has partnered with digital wealth and research subscription service Eureka Report, a wholly owned subsidiary of News Corporation, to deliver a new independent investment solution...
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Citco wins City of Zurich pension fund mandate


26 November 2014 London
Reporter: Stephen Durham

The City of Zurich Pension Fund has chosen Citco to provide administration, custody and related financial services to its $1.3 billion hedge fund portfolios...
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SGSS expands African presence


25 November 2014 Paris
Reporter: Stephen Durham

SSGSS has extended its South African custody hub to Mauritius by becoming the first remote participant to receive approval from the Mauritius Financial Services Commission to provide comprehensive custody services in the country...
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European secondary markets a concern, says ICMA


25 November 2014 Zurich
Reporter: Stephen Durham

Concerns are growing that secondary markets for European bonds have become critically impaired and are no longer able to function effectively, according to a study from ICMA...