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First Names ties up Mercator purchase


04 April 2014 Guernsey
Reporter: Georgina Lavers

First Names Group has completed its acquisition of Mercator in Guernsey, in a move that has made the group the largest trust, funds and corporate services provider in the Channel Islands...
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Eurex Repo on the up and up


04 April 2014 Frankfurt
Reporter: Georgina Lavers

Eurex Repo, which operates Swiss Franc, Euro Repo and GC Pooling markets, recorded in all markets in March 2014 an average outstanding volume of €217.3 billion, increasing from the €215.3 billion seen last year...
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SGSS builds up French sales team


03 April 2014 Paris
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) has hired Gilles Maréchal as head of sales for institutional investors in France. He will report to Jean-François Marchand, head of sales for SGSS in France...
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BNY Mellon takes Volkswagen's wheel


03 April 2014 London
Reporter: Georgina Lavers

BNY Mellon has been appointed account bank and paying agent by Volkswagen Financial Services AG on a €3 billion asset-backed security (ABS) warehousing programme for auto leases...
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EuroCCP is free to do what it wants


03 April 2014 Amsterdam
Reporter: Georgina Lavers

EuroCCP, the European cash equities clearer, is now an authorised central counterparty under the European Market Infrastructure Regulation (EMIR)...
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Survey reveals uncertainty among fund managers


02 April 2014 Pittsburgh
Reporter: Stephen Durham

67 percent of alternative investment fund managers (AIFMs) say they are still concerned with reporting to local regulators, according to Confluence's 2014 Alternative Investment Fund Management Directive (AIFMD) Transparency Reporting Survey...
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Euroclear and Latin Clear welcomes global investors


02 April 2014 Panama City
Reporter: Stephen Durham

Euroclear Bank and Central Latinoamericana de Valores SA (Latin Clear) are to launch an international link to enable global investors to participate in Panama’s capital markets. The link is to be sponsored by Panama’s Ministry of Economy and Fina
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Cost cutting drives down custody scores


01 April 2014 London
Reporter: Georgina Lavers

In a 2014 survey of global custodians, it was found that Pictet, RBC and BNP Paribas were highest ranked, but that overall, scores declined across the board...
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CGI Group chooses Lombard Risk


01 April 2014 London
Reporter: Georgina Lavers

GFI Group has selected Lombard Risk REPORTER for EBA Common Reporting for its operations in the UK and for those of its subsidiary, Kyte Group...
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NSD and GoldenSource open Russian access


01 April 2014 Moscow
Reporter: Georgina Lavers

Russia’s central securities depository, NSD, has gone live with its centre of corporate information, which will provide financial institutions with a consolidated repository of information relating to the Russian market...