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Clearstream slashes Croatian custody fees


14 June 2013 Zagreb
Reporter: Georgina Lavers

Clearstream is making up to 45 percent cuts to its custody fees for the Croatian market, effective from 1 July 2013...
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EACH wants CCP exemption from bail-ins


14 June 2013 Brussels
Reporter: Georgina Lavers

The European Association of CCP Clearing Houses (EACH) is urging regulators to exempt CCPs from the bail-in provisions of the banking recovery and resolution framework proposal...
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BNY Mellon shines a light on Chinese retailer


14 June 2013 New York and Hong Kong
Reporter: Jenna Jones

LightInTheBox Holding Co. has appointed BNY Mellon as depository bank for its American depositary receipt (ADR) programme...
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Horizon Cash Management targets emerging managers


13 June 2013 Chicago
Reporter: Georgina Lavers

Horizon Cash Management has created an account that aims to provide small and emerging fund managers with a safe alternative for cash balances that are in excess of margin requirements...
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BNY Mellon increases scope of ING IM mandate


13 June 2013 New York
Reporter: Mark Dugdale

BNY Mellon has taken on more work from the US arm of ING Investment Management, expanding on its mutual funds mandate to include the provision of fund accounting and administration, custody, and transfer agency services for two saving plans...
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SGSS sets up shop in Tunisia


13 June 2013 Tunis
Reporter: Jenna Jones

Societe Generale Securities Services (SGSS) is opening a new office in Tunisia to develop its custody services offer...
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Eurex rolls out new trading system


13 June 2013 Frankfurt
Reporter: Jenna Jones

Eurex Exchange has completed its migration to Deutsche Boerse Group’s global trading system. The fixed income derivatives segment was the last product group to migrate from the previously used system...
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Pinnacol Assurance singles out State Street


13 June 2013 Bostson
Reporter: Jenna Jones

Workers’ compensation insurance provider, Pinnacol Assurance, has selected State Street to provide full custody and accounting services as well as compliance monitoring and performance and analytics solutions...
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Tesco director to take over as new NAPF chairman


12 June 2012 London
Reporter: Mark Dugdale

Ruston Smith has been appointed chairman of the National Association of Pension Funds. He will succeed Mark Hyde Harrison, whose two-year tenure ends at the NAPF Annual General Meeting on 18 October...
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Hedge fund association to lose CEO


12 June 2012 London
Reporter: Mark Dugdale

The CEO of AIMA is stepping down from his role at the end of the year. Andrew Baker has been CEO since the beginning of 2009. The association is in the process of finding his successor...
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Cofunds routes orders through Euroclear’s EMX system


12 June 2013 London
Reporter: Jenna Jones

Cofunds is linking to Euroclear’s EMX message system for further electronic fund transaction order routing, enabling the company to achieve 95 percent STP with fund managers...