All latest asset servicing news

Northern Trust secures reduced tax rates for Swedish investors

31 August 2012 London and Stockholm
Reporter: Georgina Lavers

Northern Trust has obtained reduced withholding tax rates for Swedish investors holding equities through a tax-transparent, cross-border asset pooling vehicle...

Fidelity consolidates businesses with Abigail Johnson’s appointment

31 August 2012 Boston
Reporter: Georgina Lavers

Fidelity Investments has named Abigail Johnson as president of Fidelity Financial Services, consolidating all of the company’s core businesses under her leadership...

LCH.Clearnet accepts gold as collateral

30 August 2012 London
Reporter: Jenna Jones

LCH.Clearnet began accepting unallocated gold (Loco London) as collateral for margin cover purposes on 28 August. The expansion of LCH.Clearnet’s existing collateral range is subject to criteria...

Luxembourg submits AIFMD draft bill to parliament

30 August 2012 Luxembourg
Reporter: Georgina Lavers

The Luxembourg Finance Ministry submitted the draft bill transferring the AIFMD to Luxembourg’s parliament. “ALFI strongly believes that the AIFMD presents a welcome opportunity for Europe...

ICBC opens first securities service centre

30 August 2012 Hong Kong
Reporter: Jenna Jones

Industrial and Commercial Bank of China (ICBC) has opened its first securities service centre in Hong Kong. The centre, which opened on 13 August, will offer a wide range of securities services to its customers...

Oliver Corbett joins LCH.Clearnet

29 August 2012 Paris
Reporter: Georgina Lavers

LCH.Clearnet has appointed Oliver Corbett as its new chief financial officer, a position that will be made effective on 1 December. Prior to this appointment...

HedgeServ adds Form PF solution

29 August 2012 New York
Reporter: Georgina Lavers

HedgeServ has added a Form PF (Private Fund) enterprise reporting solution to its service offering. Designed to help hedge funds, private equity funds...

NAB Asset Servicing launches TaxEdge

29 August 2012 Melbourne
Reporter: Jenna Jones

National Australia Bank (NAB) Asset Servicing has launched a new tax solution called TaxEdge...

SWIFT gears up in Asia with new appointment

28 August 2012 Singapore
Reporter: Georgina Lavers

Marco Attilio has been appointed as the new director for global funds markets at SWIFT. In this newly created position, Attilio will be based in Singapore...

BNY Mellon strengthens German management team

28 August 2012 Frankfurt
Reporter: Jenna Jones

BNY Mellon has made a number of key senior management appointments in its German office...

KPMG appoints five new staff to investment funds division

24 August 2012 Boston
Reporter: Georgina Lavers

KPMG is seeking to strengthen its investment in its alternative investment funds practice by bringing on board several new partners and managing directors to bolster the firm's initiative in the growing sector...

Cantor Fitzgerald to launch new clearing service

24 August 2012 New York
Reporter: Jenna Jones

Global financial services firm Cantor Fitzgerald plans to expand its clearing services in Q4 2012 with the launch of Cantor Clearing...

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