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NAB asset servicing to provide custody for ARPC


22 March 2012 Australia
Reporter: Georgina Lavers

Australian Reinsurance Pool Corporation has given National Australia Bank Asset Servicing a $740 million directive to provide its custodial services...
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Hartford Financial Services breaks up


22 March 2012 Connecticut
Reporter: Georgina Lavers

Hartford Financial Services group has shut down its annuity business, pursuing a sale or other options for its individual life insurance, retirement plan and broker-dealer businesses...
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Misys accepts Vista Equity offer


21 March 2012 US and London
Reporter: Georgina Lavers

Financial software services provider Misys has agreed to Vista Equity Partner’s £1.26 billion bid, with its board telling shareholders the 350 pence-a-share cash deal is: ‘unlikely to be bettered’...
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Ohio replaces custodians BNY Mellon and State Street


21 March 2012 Ohio
Reporter: Georgina Lavers

BNY Mellon and State Street are being swapped out for J.P. Morgan and Citigroup as custodians of international investments for four Ohio pension funds, state treasurer Josh Mandel said...
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Rivalry intensifies for FX clearing


21 March 2012 New York
Reporter: Georgina Lavers

Competition for forex clearing is hotting up as the IntercontinentalExchange (ICE) prepares to enter the market alongside players CME Group and LCH.Clearnet...
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Finesti and fundinfo combine forces for KIIDs


19 March 2012 Zurich and Luxembourg
Reporter: Georgina Lavers

Finesti and fundinfo are to combine their experience in investment fund data and documents to offer services intended to aid cross-border notifications and the distribution of Key Investor Information Documents (KIIDs)....