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SWIFT launches new BPO rules and tools


17 April 2013 Brussels
Reporter: Jenna Jones

SWIFT and the International Chamber of Commerce Banking Commission (ICC) have released new legal and technology standards for Bank Payment Obligation (BPO)...
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Torstone Technology opens back door for Amazon and Rackspace


17 April 2013 London and New York
Reporter: Georgina Lavers

Torstone Technology, a securities and derivatives processing software providers, has made its Inferno back office system available for Virtual Private Cloud (VPC) environments such as Amazon or Rackspace...
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Snowdon takes charge of revamped Moore Group


17 April 2013 Jersey
Reporter: Georgina Lavers

Clive Snowdon has been appointed as group managing director of the Moore Group; the first senior position to be announced since the fund business was acquired by First Names Group in January...
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British Airways opts for BNY Mellon


17 April 2013 New York and London
Reporter: Jenna Jones

British Airways Pension Fund has selected BNY Mellon to provide OTC derivatives and collateral management services...
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Citi names CEO for CitiTrust in Asia Pacific


16 April 2013 Hong Kong
Reporter: Jenna Jones

Stewart Aldcroft has been recruited as CEO of CitiTrust. He will be based in Hong Kong and report to David Russell, regional head for securities and fund services Asia Pacific...
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Euroclear expands in Luxembourg


16 April 2013 Luxembourg
Reporter: Jenna Jones

Euroclear is expanding its Luxembourg based office to accommodate up to 10 employees who will focus on growing client relationships and delivering account management services...
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Fidessa is one-stop shop for Asian brokers


15 April 2013 Hong Kong
Reporter: Georgina Lavers

Fidessa has partnered with a number of key Asian regional brokers to provide a one-stop-shop trading service for all ASEAN markets...
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Transact is re-registering with Calastone


15 April 2013 London and New York
Reporter: Georgina Lavers

Fund transaction network Calastone has been chosen by Transact to provide it with a fully interoperable, electronic re-registration solution...
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JTC Group acquires Ardel Fund Services in Guernsey


15 April 2013 Guernsey
Reporter: Georgina Lavers

Fund administrator JTC Group has acquired Ardel Fund Services (AFSL) in Guernsey to boost JTC’s numbers in the jurisdiction, and add specialist fund expertise both locally and for the group...