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Forward redemption requests stay low at GlobeOp


22 May 2012 London and New York
Reporter: Georgina Lavers

The GlobeOp Forward Redemption Indicator for May 2012 measured 3.3 percent, up from 2 percent in April, but remaining on a significantly lower trend than 2008 levels...
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ICAP appoints new CEO to technology arm


21 May 2012 London
Reporter: Georgina Lavers

Interdealer broker ICAP has announced the appointment of Andy Coyne as the new CEO of Traiana, its post-trade technology division...
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ICAP buys PLUS Stock Exchange for £1


18 May 2012 London
Reporter: Georgina Lavers

Interdealer broker ICAP has agreed to acquire PLUS Stock Exchange, the smaller company equity exchange, for £1, subject to PLUS Markets Group shareholder consent and FSA approvals...
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David Polen returns to Fidessa


18 May 2012 New York
Reporter: Georgina Lavers

Fidessa has appointed David Polen as head of business development responsible for Fidessa’s strategic development efforts in the US. He will be reporting to Mark Ames...
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Augentius fund administration establishes in Belfast


18 May 2012 Belfast
Reporter: Georgina Lavers

Augentius Fund Administration is to establish a centre in Belfast, which will employ up to 164 professional staff. Augentius provides outsourced fund administration services to the private equity and real estate sectors...
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AdvisorShares mandates BNY Mellon


18 May 2012 New York
Reporter: Georgina Lavers

BNY Mellon has been selected by AdvisorShares to provide exchange-traded-fund services, custody, fund accounting and fund administration for the AdvisorShares Global Echo ETF...
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Chinese CITC Securities chooses SunGard


18 May 2012 Bejing
Reporter: Georgina Lavers

CITIC Securities has chosen SunGard’s Asset Arena Investment Accounting solution as the accounting solution for its asset management business...
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J.P. Morgan appoints new trust & fiduciary head


17 May 2012 London
Reporter: Justin Lawson

J.P. Morgan has appointed David Kane as head of its Trust and Fiduciary and Compliance Reporting business, which is part of the firm’s Worldwide Securities Services division (WSS). Kane replaces Tim Gandy, who is.....
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Bombardier goes live with SS&C’s SaaS platform


16 May 2012 Connecticut
Reporter: Mark Dugdale

Airplane and train manufacturer Bombardier has implemented SS&C Technologies’s asset management software-as-a-service (SaaS) platform for the investment activities of its US, UK and Canadian pension plans...
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ABN Amro heads move to IT company


16 May 2012 Amsterdam
Reporter: Mark Dugdale

ABN Amro Bank’s heads of equity finance and information technology solutions, Sander Baauw and Raymond Vuyst, have joined the IT company Synechron...