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FundsNetwork appoints Bravura


10 January 2014 London
Reporter: Daniel Jackson

FundsNetwork has selected software provider Bravura Solutions to support part of its multi-year programme aimed at enhancing the platform for advisers and their clients...
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Canadian regulators lay down clearing laws


10 January 2014 Ontario
Reporter: Georgina Lavers

Canadian securities commissions have laid out rules in regard to seeking recognition as a clearing agency (or an exemption from the recognition requirement) under local rules...
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Russia/Armenia link solidified


10 January 2014 Moscow
Reporter: Georgina Lavers

A partnership between Russia and Armenia has been confirmed, after the National Settlement Depository (NSD), Russia’s central securities depository, and the Central Depository of Armenia (CDA) signed a memorandum of co-operation...
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First European RQFII ETF appoints HSBC custodian


09 January 2014 Hong Kong
Reporter: Daniel Jackson

HSBC has become the custodian bank for the first RQFII ETF (RMB Qualified Foreign Institutional Investor Exchange-traded Fund) to be listed in Europe...
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BNY farms for funds


09 January 2014 London
Reporter: Georgina Lavers

BNY Mellon is, for the first time, providing depository and related services in Germany for closed alternative investment funds investing in property, agriculture, private equity and renewable energies...
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BNY Mellon asset management unifies data


08 January 2014 New York
Reporter: Georgina Lavers

Markit’s enterprise data management platform has been chosen by BNY Mellon Asset Management to unify significant components of its data management operations and eliminate manual processes...
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First Names acquires in Guernsey


07 January 2014 Guernsey
Reporter: Georgina Lavers

First Names Group has bought Guernsey trust, funds and corporate services provider Mercator, in what has become is the latest in a long line of acquisitions...
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OCC reshuffles management


07 January 2014 Chicago
Reporter: Georgina Lavers

The Options Clearing Corporation (OCC) has reshuffled its leadership team, and appointed Craig Donohue as executive chairman, with Michael Cahill becoming president and CEO...
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Forestry mandate nabbed by Northern Trust


07 January 2014 Toronto
Reporter: Georgina Lavers

Northern Trust has snapped up a forestry pension plan mandate originally maintained by RBC Investor Services...
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ALPS creates fixed income fund


07 January 2014 Colorado
Reporter: Georgina Lavers

ALPS has launched an open-end mutual fund designed to protect principal while producing high current income...