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Credit union sells trust business
06 June 2014 Anchorage
Reporter: Mark Dugdale

Alaska Trust Company is acquiring the trust division of Alaska USA Trust Company, a subsidiary of a $5.5 billion credit union...

Hedge funds positive in May
06 June 2014 London
Reporter: Stephen Durham

Hedge fund performance was positive overall in May, rebounding from a slight decline in April, according to eVestment's May 2014 Hedge Fund Performance Report...

CACEIS chosen as depository for German funds
05 June 2014 Luxembourg
Reporter: Stephen Durham

AXA Investment Managers Deutschland (AXA IM Deutschland) has engaged CACEIS as depositary for its entire existing real estate open ended mutual and special funds business in Germany, with a total fund volume of €2.5 billion...

SIX launches Swiss trade repository
05 June 2014 Zurich
Reporter: Stephen Durham

SIX is to establish a central trade repository for derivative transactions in cooperation with Swiss banks...

BCS appoints Tikhomirov
04 June 2014 London
Reporter: Stephen Durham

BCS Financial Group (BCS) has appointed Vladimir Tikhomirov as its new chief economist...

Sandell Asset Management chooses Hedge360
04 June 2014 Connecticut
Reporter: Stephen Durham

Sandell Asset Management, a US-based alternative asset management firm, has chosen SunGard’s Hedge360 for its portfolio management platform...

Markit to acquire CTI
04 June 2014 London
Reporter: Stephen Durham

Markit has agreed to acquire Compliance Technologies International (CTI) in order to make use of its tax compliance and reporting services...

SS&C hits century and a half
03 June 2014 Connecticut
Reporter: Stephen Durham

SS&C Technologies is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group...

Hong Kong to comply with FATCA
03 June 2014 Hong Kong
Reporter: Stephen Durham

Hong Kong and the US have substantially concluded discussions on an inter-governmental agreement (IGA) that will facilitate compliance with the US Foreign Account Tax Compliance Act (FATCA) by financial institutions in Hong Kong...

CMI Ventures appoints Deutsche Bank
03 June 2014 Mumbai
Reporter: Stephen Durham

Deutsche Bank has been appointed as designated depository participant (DDP) and custodian bank by CMI Ventures under the new foreign portfolio investors (FPI) regime in India...

Bradley Mirkin to Nixon Peabody
03 June 2014 New York
Reporter: Stephen Durham

Nixon Peabody has expanded its government investigations and white-collar defence practice in New York City with the arrival of Bradley Mirkin, former senior litigation counsel at Financial Industry Regulatory Authority (FINRA) Enforcement...

KPMG adds strength of Rothstein Kass
02 June 2014 New York
Reporter: Stephen Durham

KPMG is to become the leading audit, tax and advisory services provider in the US hedge fund market with the addition of Rothstein Kass partners and employees...