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Canadian mutual fund manager re-signs with Citi


14 June 2012 Toronto
Reporter: Mark Dugdale

Citi has renewed its agreement with Chou Associates Management and will continue to provide fund accounting, transfer agency, custody, and trust and securities lending services for the $600 million that it oversees in mutual fund assets...
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SGX CEO bags a new three-year deal


13 June 2012 Singapore
Reporter: Mark Dugdale

The Singapore Exchange’s (SGX’s) board of directors has renewed the contract of the exchange’s CEO, Magnus Böcker...
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Fidessa issues new regulation white paper


13 June 2012 London
Reporter: Mark Dugdale

Trading, investment management and information solutions provider Fidessa has released a white paper that examines the regulatory pressures facing the financial industry in Europe...
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Euroclear’s eurozone trio sign up to T2S


13 June 2012 Amsterdam, Brussels and Paris
Reporter: Mark Dugdale

Eurozone CSDs Euroclear Belgium, Euroclear France and Euroclear Nederland will sign up to the eurosystem's T2S project...
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BNY Mellon wins $1 billion Baton Rouge custody mandate


12 June 2012 New York
Reporter: Mark Dugdale

Its asset servicing arm has been named custodian for the Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge, Louisiana, which is worth approximately $1 billion...
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State Street may acquire Goldman Sachs fund administration


11 June 2012 New York
Reporter: Georgina Lavers

It has been reported that State Street is on the cusp of buying Goldman Sachs’ hedge fund administration business, after Goldman Sachs has been shopping around for several months...
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Clearstream’s custody assets quiver


08 June 2012 Frankfurt
Reporter: Georgina Lavers

Clearstream recorded a slight decrease in assets under custody, which dropped by 2 percent to €11.1 trillion in May 2012, compared to €11.3 trillion year-on-year...
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Conifer group fires 4


08 June 2012 San Francisco
Reporter: Georgina Lavers

San Francisco-based Conifer Group, which provides fund administration services, has laid off four of its employees, it has been reported...
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ISDA partnering up with Markit


07 June 2012 New York
Reporter: Georgina Lavers

The International Swaps and Derivatives Association (ISDA) will partner up with Markit to develop a solution that enables counterparties to amend their OTC derivatives documentation to help compliance with Dodd-Frank...