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First Names goes Christmas shopping


18 December 2013 Luxembourg
Reporter: Georgina Lavers

The trust, fund and corporate service provider First Names Group has purchased Citadel Services PSF Sàrl in Luxembourg—its third acquisition of the year...
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BNY Mellon capitalises on CLO recovery


18 December 2013 London
Reporter: Georgina Lavers

BNY Mellon has been appointed trustee and portfolio administrator on Avoca Capital CLO X Limited, a €311 million collateralised loan obligation (CLO)...
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Svetlana Gryanchenko joins NSD


18 December 2013 Moscow
Reporter: Georgina Lavers

National Settlement Depository (NSD), Russia’s central securities depository, has appointed Svetlana Gryanchenko as director of the company’s cash settlement department...
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IOSCO publishes regulatory issues report


18 December 2013 Madrid
Reporter: Daniel Jackson

The International Organization of Securities Commissions has published its report on regulatory issues raised by changes in market structure, making four recommendations that seek to promote market liquidity and efficiency, price transparency, and in
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Hedge fund launches fall to three-year low


18 December 2013 Chicago
Reporter: Daniel Jackson

New hedge fund launches declined to the lowest level in nearly three years in Q3 2013, while the number of hedge fund liquidations rose to the highest level since Q4 2012, according to the HFR Market Microstructure Industry Report...
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Societe Generale makes senior UK appointment


17 December 2013 London
Reporter: Daniel Jackson

Societe Generale Securities Services (SGSS) has appointed Jason Nabi to the newly created position of head of financial institutions and brokers for the UK...
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NSD and BNY Mellon collaborate on depository receipts


17 December 2013 London
Reporter: Daniel Jackson

Russian-based investors and brokers will be able to issue and cancel depository receipts in Russian companies thanks to an agreement between the National Settlement Depository (NSD), Russia’s central securities depository, and BNY Mellon...
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RBC appointed emerging markets fund custodian


13 December 2013 Dublin
Reporter: Daniel Jackson

RBC Investor & Treasury Services, a part of the Royal Bank of Canada, has been appointed as custodian and fund administrator by Westwood Holdings for its emerging markets fund...