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SGSS's Indian knowledge secures UCITS mandate


23 January 2014 Dublin
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) in Ireland has been mandated by Ocean Dial Asset Management Limited to provide custody and trustee services to its Irish UCITS fund...
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Marianne Brown leaves Omgeo, joins SunGard


23 January 2014 New York
Reporter: Georgina Lavers

Former president and CEO of Omgeo, Marianne Brown, has left to join SunGard as chief operating officer of its financial systems business...
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Eurex Exchange Council elects chairpersons


22 January 2014 Frankfurt
Reporter: Georgina Lavers

At its meeting on 21 January 2014, the Exchange Council of Eurex Deutschland elected a new chairperson, as well as the vice chairman for the next three years...
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RCAP diversifies beyond transfer agency


22 January 2014 New York
Reporter: Georgina Lavers

RCS Capital Corporation is to purchase J.P. Turner & Company, an independent brokerage and investment banking firm, and its affiliated investment advisory company, J.P. Turner & Company Capital Management...
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McGovern leaves Citi for BBH


21 January 2014 New York
Reporter: Georgina Lavers

Michael McGovern has left Citi for Brown Brothers Harriman (BBH), as managing director, CIO and head of systems at the firm...
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J.P. Morgan picks BNP Paribas for novel French fund


21 January 2014 Luxembourg
Reporter: Georgina Lavers

After implementing the passport of its Luxembourg management company in France, J.P. Morgan Asset Management has chosen BNP Paribas Securities Services as depository bank and fund administrator for its first France-domiciled fund...
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Franklin Templeton mandates Societe Generale


21 January 2014 Rome
Reporter: Daniel Jackson

Societe Generale Securities Services in Italy has been appointed by Franklin Templeton Strategic Allocation Funds to act as its Italian paying agent...
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Goldman Sachs securities services falls


21 January 2014 New York
Reporter: Georgina Lavers

Securities services net revenues at Goldman Sachs for 2013 were significantly lower compared with the fourth quarter of 2012. In a statement, the firm attribute the fall to the sale of its hedge fund administration business in 2012, for $494 million.
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China Construction Bank chooses Multifonds


20 January 2014 Beijing
Reporter: Georgina Lavers

China Construction Bank in Asia has become Multifond’s latest Asian client, choosing to implement the firm’s fund accounting, portfolio accounting and a transfer agency and investor servicing systems...
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AIFMD causes bottleneck


20 January 2014 London
Reporter: Georgina Lavers

There are six months to go until implementation of the Alternative Investment Fund Managers Directive, but fewer than 20 percent of alternative investment fund managers have submitted an application to their local regulator...
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Investor exodus from macro funds


17 January 2014 London
Reporter: Daniel Jackson

A new report suggests that investors have abandoned macro funds in 2013 as higher-risk alternatives proved to be more profitable...