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S&P won’t alter ratings for State Street


20 July 2012 Massachusetts
Reporter: Georgina Lavers

Standard & Poor's Ratings Services today said that its ratings on State Street are not affected by the company's solid second-quarter earnings, which reflect flat fee revenue...
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Wim Hautekiet takes the reins at BNY Mellon SA/NV


20 July 2012 Brussels
Reporter: Georgina Lavers

Paul Bodart will retire following a 17-year career with BNY Mellon, with Wim Hautekiet taking over as CEO of its European banking entity The Bank of New York Mellon SA/NV...
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Switch-around at Custom House


19 July 2012 Malta
Reporter: Georgina Lavers

Custom House Group's management structure has undergone an overhaul after direction from Dermot Butler, the chairman of the group's parent company, Custom House Global Fund Services...
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Fidessa debuts new Canadian trading platform


18 July 2012 Canada
Reporter: Georgina Lavers

Fidessa has updated its Canadian trading platform across 90 percent of its Canadian customers. The platform, which offers integrated access to historical data and analytics, now has a new user interface...
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CalPERS brings in Bill Slaton


18 July 2012 California
Reporter: Georgina Lavers

The California Public Employees' Retirement System (CalPERS) has welcomed Bill Slaton to the pension fund's board of administration. Slaton, a publicly elected director on the board of...
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State Street does Goldman Sachs deal


18 July 2012 New York and Boston
Reporter: Mark Dugdale

State Street has confirmed that it will acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from the Goldman Sachs group in a deal worth up to $550 million...
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Northern Trust grows Australian asset servicing division


17 July 2012 Melbourne
Reporter: Georgina Lavers

Northern Trust has stated it intends to grow its asset servicing business in Australia, with a significant increase in assets and the addition of new staff in its Melbourne office...
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Broadridge releases white paper for mutual fund nominees


17 July 2012 London
Reporter: Mark Dugdale

Broadridge Financial Solutions's industry white paper explores UK market views on the specific requirements set out in Chapter 5 (investing in authorised funds through nominees) of the Retail Distribution Review (RDR)...