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Northern Trust continues to build LGPS assets


10 March 2010 London
Reporter: Ben Wilkie

Northern Trust has grown the part of its custody business servicing Local Government Pension Schemes in the UK with the addition of US$10 billion in new client assets in 2010...
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HSBC launches Islamic securities services


09 March 2011 Kuala Lumpar
Reporter: Ben Wilkie

HSBC Securities Services and HSBC Amanah have teamed up to launch HSBC Amanah Securities Services, a new global service for Islamic fund managers...
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Lynde & Harry Bradley select BNY Mellon for global custody


09 March 2011 New York
Reporter: Justin Lawson

BNY Mellon have been named custodian for $600 million in funds administered by the Lynde & Harry Bradley Foundation. BNY Mellon Asset Servicing will provide global custody and accounting services, private investment accounting, as well as.....
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CIBC Mellon selected as Auto Sector custodian


09 March 2011 Toronto
Reporter: Justin Lawson

CIBC Mellon Global Securities Services Company has been selected to provide custody and accounting services to the Auto Sector Retiree Health Care Trust.
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Kinetic builds team


08 March 2011 Cayman Islands
Reporter: ben Wilkie

Kinetic Partners has announced two new hires to strengthen its insolvency and forensic services practice.
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FBR exits prime brokerage


08 March 2010 Arlington
Reporter: Ben Wilkie

Investment bank FBR Capital Markets has announced that it is quitting the prime brokerage business.
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Hendel to head prime brokerage at BoA


08 March 2011 New York
Reporter: Ben Wilkie

Stuart Hendel will join Bank of America Merrill Lynch as managing director and head of global prime brokerage...
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State Street announces collateral tracking service


07 March 2011 Boston
Reporter: Justin Lawson

State Street has announced today the launch of a new Collateral Tracking service that helps asset managers and owners accurately assess and manage counterparty risk. Clients can now receive up-to-date reporting on the location and status of all colla
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Mizuho buys up Eurekahedge


04 March 2011 Singapore
Reporter: Ben Wilkie

Mizuho Corporate Bank has agreed to acquire 95 per cent of the shares of Eurekahedge...
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Guggenheim Global Trading launched


04 March 2011 Chicago
Reporter: Ben Wilkie

Guggenheim Partners, a global diversified financial services firm, has launched Guggenheim Global Trading LLC (GGT) which will invest capital on behalf of the firm, its shareholders, its affiliates and a small group of institutional investors...
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BNP Paribas now largest third-party clearer in Hong Kong


04 March 2011 Hong Kong
Reporter: Ben Wilkie

BNP Paribas Securities Services has become the largest General Clearing Participant on the Hong Kong Stock Exchange (HKSE), clearing over five per cent of the value of the HKSE's daily turnover...
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Northern Trust wins Stenham custody mandate


03 March 2011 London
Reporter: Justin Lawson

Northern Trust has been appointed by Stenham Asset Management, a leading global fund of hedge funds manager with US$3.5 billion in hedge fund assets under management to provide custody, fund administration, credit and foreign exchange services.