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John Hancock chooses Citi for custody


05 August 2015 New York
Reporter: Stephanie Palmer

John Hancock Group of Funds has chosen Citi to provide fund accounting services and global custody for 27 international US-registered mutual funds, representing assets of $29.1 billion...
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Lombard Risk hires Lees as sales director


05 August 2015 London
Reporter: Stephanie Palmer

Lombard Risk has grown its senior management team by appointing Kieran Lees to the role of global sales and marketing director...
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Trader jailed over LIBOR manipulation


04 August 2015 London
Reporter: Stephanie Palmer

The first person to be charged as part of the investigation in to LIBOR manipulation has been found guilty on eight counts of conspiracy to defraud and sentenced to 14 years in prison...
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Nordic custody win for BNY Mellon


04 August 2015 Copenhagen
Reporter: Stephanie Palmer

BNY Mellon has been selected to provide custody and securities lending services for Danish insurance company Topdanmark A/S...
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Industry bodies criticise ESMA passport delay


03 August 2015 London
Reporter: Stephanie Palmer

ESMA should be making faster progress in extending its pan-European passport to alternative investment fund managers in non-EU jurisdictions, according to the AIMA...
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Carey Olsen promotes duo to partner


03 August 2015 Guernsey
Reporter: Becky Butcher

Carey Olsen has promoted Natasha Kapp and Tony Lane to partner, bringing the law firm’s total number partners to 45 across the British Virgin Islands, Cayman Islands, Guernsey and Jersey...
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ForexClear and CLS collaborate on FX settlement


03 August 2015 London
Reporter: Stephanie Palmer

LCH Clearnet’s ForexClear is launching a new service, developed with CLS, to allow physical settlement of cleared foreign exchange (FX) products...
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ISS names new research head


03 August 2015 Maryland
Reporter: Becky Butcher

Institutional Shareholder Services (ISS) has appointed Shinbo Won as head of Asia Pacific research, effective 3 August...
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Strong Q2 for BNP Paribas


03 August 2015 Paris
Reporter: Stephanie Palmer

BNP Paribas has seen significant increases in its securities services and prime services revenues in Q2 of 2015...
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Two G-SIBs trailing for SLR requirements


31 July 2015 New York
Reporter: Stephanie Palmer

BNY Mellon and State Street are at risk of failing to comply with the Basel III supplementary leverage ratio requirements, and should retain higher levels of capital in order to ensure compliance...
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Maitland looks to Oracle for transfer agency


31 July 2015 Cape Town
Reporter: Stephanie Palmer

Fund administrator Maitland has selected Oracle FLEXCUBE Investor Servicing to support its global transfer agency services...