News search | Securities Finance Times

Generic business image for news articles

Grassi & Co launches new fund admin business
27 February 2014 New York
Reporter: Stephen Durham

Grassi & Co has launched a new fund administration entity—Grassi Fund Administration Services (GFAS)...

Raffeisen choose PROactive
27 February 2014 Vienna
Reporter: Stephen Durham

Vienna-based Raiffeisen Bank has implemented Broadridge's PROactive Reconciliation Solution across six of its regional subsidiaries to fully automate reconciliation processing...

RMB to love it if Clearstream’s plan comes together
26 February 2014 Shanghai
Reporter: Stephen Durham

Clearstream has set out its market approach to developing and delivering solutions to help support the internationalisation of the renminbi (RMB)...

Northern Trust strengthens Malaysian presence
26 February 2014 Kuala Lumpur
Reporter: Stephen Durham

Northern Trust has opened a Malaysia office to support current institutional clients and develop Northern Trust’s businesses in Malaysia and the wider region...

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...