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Deutsche Börse weathers the storm


20 February 2014 Frankfurt
Reporter: Stephen Durham

German exchange organisation Deutsche Börse Group achieved a stable financial performance throughout 2013 despite shelling out to cover Clearstream’s legal bills...
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Northern Trust turns the lights on


20 February 2014 Melbourne
Reporter: Georgina Lavers

Northern Trust has been selected by the Energy Industries Superannuation Scheme (EISS) to provide a full range of master custody and related services to the fund...
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GE Electric mandates CIBC Mellon


20 February 2014 Toronto
Reporter: Georgina Lavers

General Electric (GE) Canada has selected CIBC Mellon to provide custody, fund accounting and benefit payment services for GE Canada's trusteed pension funds...
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SunGard supports Gemini hedge business


19 February 2014 New York
Reporter: Georgina Lavers

Gemini Hedge Fund Services has chosen SunGard’s Hedge360, a back-office hedge fund investment management application suite, as its platform of choice...
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SGSS plays on the Ivory Coast


19 February 2014 Ivory Coast
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) has teamed up with one of its subsidiaries to offer securities services in the Ivory Coast...
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Investment risk becomes more of an issue


18 February 2014 New York
Reporter: Georgina Lavers

Institutional investors expect risk management to play an even greater role in the investment decision process in the future, according to a new study by BNY Mellon and Nobel Prize-winning economist Dr. Harry Markowitz...
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Industry predicts AIFMD sluggishness


18 February 2014 London
Reporter: Georgina Lavers

More than half of fund managers, prospective clients and consultants attending a seminar on AIFMD said they believed investors would still not be engaged in AIFMD considerations by December 2015.??...
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TMF Group takes over Custom House


17 February 2014 Malta
Reporter: Georgina Lavers

TMF Group has acquired 49 percent and become the sole owner of Custom House Global Fund Services. The transaction is subject to regulatory clearance, but is expected to be completed by June 2014...
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JTC outsources for blossoming fund admin


17 February 2014 The Channel Islands
Reporter: Georgina Lavers

Fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio...
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Revel Wood is new CEO of RBS Luxembourg SA


17 February 2014 Luxembourg
Reporter: Georgina Lavers

The Royal Bank of Scotland (RBS) has hired Revel Wood as CEO of RBS (Luxembourg) SA, its Luxembourg-domiciled management company and fund governance business...
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ESMA extends its EMIR Q+A, to general irritation


14 February 2014 Brussels
Reporter: Georgina Lavers

The European Securities and Markets Authority (ESMA) has updated its Q&A to address concerns over the European Markets Infrastructure Regulation (EMIR), despite those in the industry saying that the update has come too late...
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Lyxor AM's CEO is latest exec to depart


14 February 2014 Paris
Reporter: Georgina Lavers

Lyxor Asset Management has appointed Lionel Paquin as its CEO to replace Inès de Dinechin, who is leaving the group...