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CACEIS establishes French fund
25 February 2014 Paris
Reporter: Stephen Durham

Asset manager Tikehau and its service provider CACEIS have established the FCT Novo 2 French mutual securitisation fund...

Hedge fund managers cite cost and quality for moves
25 February 2014 London
Reporter: Mark Dugdale

Hedge fund managers are changing their service providers, particularly administrators and prime brokers, because of low-quality service and cost, a survey has found...

Omgeo CTM sees user increase
25 February 2014 New York
Reporter: Mark Dugdale

The user base of Omgeo Central Trade Manager grew by 33 percent in 2013, with the addition of more than 150 broker-dealers and 280 investment managers...

BNY Mellon to acquire HedgeMark in full
24 February 2014 New York
Reporter: Stephen Durham

BNY Mellon has signed an agreement to acquire the remaining 65 percent interest of HedgeMark International LLC, a current affiliate and a provider of hedge fund managed account and risk analytic services...

EuroCCP chooses Euroclear for US stocks
24 February 2014 Brussels
Reporter: Stephen Durham

EuroCCP has chosen Euroclear Bank, the Brussels-based international central securities depository (ICSD), as sole settlement provider for all US-listed equities transactions struck on Turquoise, the pan-European trading venue...

State Bank of India nails its colours to the mast
24 February 2014 Shanghai
Reporter: Stephen Durham

Wolters Kluwer Financial Services has announced that the State Bank of India, the largest multinational financial institution in India by assets, has selected its regulatory reporting solution for its newly opened branch in Tianjin, in order to compl

SEC hits Credit Suisse for almost $200 million
24 February 2014 Washington DC
Reporter: Mark Dugdale

Credit Suisse has agreed to pay $196 million after admitting that it broke US securities laws when it provided cross-border brokerage and investment advisory services without registering with the Securities and Exchange Commission...

Bienvenue replaces Baggesen at CalPERS
21 February 2014 Sacramento
Reporter: Georgina Lavers

The California Public Employees' Retirement System (CalPERS) has named Dan Bienvenue as its senior investment officer (SIO) for global equity, effective immediately...

Nigeria gears up for payments
21 February 2014 Nigeria
Reporter: Georgina Lavers

The Central Bank of Nigeria’s is attempting to gear up the country’s payments system by going live on SWIFT...

Deutsche Börse weathers the storm
20 February 2014 Frankfurt
Reporter: Stephen Durham

German exchange organisation Deutsche Börse Group achieved a stable financial performance throughout 2013 despite shelling out to cover Clearstream’s legal bills...

Northern Trust turns the lights on
20 February 2014 Melbourne
Reporter: Georgina Lavers

Northern Trust has been selected by the Energy Industries Superannuation Scheme (EISS) to provide a full range of master custody and related services to the fund...

GE Electric mandates CIBC Mellon
20 February 2014 Toronto
Reporter: Georgina Lavers

General Electric (GE) Canada has selected CIBC Mellon to provide custody, fund accounting and benefit payment services for GE Canada's trusteed pension funds...