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Northern Trust goes all the WAY


23 May 2014 London
Reporter: Tammy Facey

WAY Fund Managers has appointed Northern Trust as depository and custodian for more than 60 funds valued at $1.9 billion...
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ESMA consults on MiFID reforms


22 May 2014 Paris
Reporter: Stephen Durham

The European Securities and Markets Authority (ESMA) has launched the consultation process for the implementation of the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR)...
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Heritage to focus on five key businesses


22 May 2014 Guernsey
Reporter: Stephen Durham

Following the sale of Heritage Insurance Management (HIM) to Artex Risk Solutions, Heritage Group has announced strategic growth plans for its financial services, insurance and management office businesses...
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CalPERS states its beliefs


22 May 2014 California
Reporter: Stephen Durham

The California Public Employees' Retirement System (CalPERS) board of administration has adopted a set of pension beliefs that articulate its views on public pension design, funding and administration...
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Mixed results from SS&C indicators


21 May 2014 Connecticut
Reporter: Stephen Durham

SS&C GlobeOp’s forward redemption indicator for May has shown notifications of 4.32 percent, up from 3.23 percent in April...
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SIX elects trio to board of directors


21 May 2014 Switzerland
Reporter: Tammy Facey

Dr Patrik Gisel, Lorenz von Habsburg Lothringen and Søren Mose have been elected to the board of directors of the Six Group...
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Faster settlement for international securities


20 May 2014 Brussels
Reporter: Stephen Durham

A number of operators of European securities markets have announced that they will implement the migration to T+2 from T+3 for cash transactions and to T+1 from T+2 for repo transactions...
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Land Securities chooses Citi


20 May 2014 London
Reporter: Stephen Durham

Citi has been appointed by Land Securities Group, the UK’s largest commercial property company, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme...