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FCA: buy side should question custodians
04 November 2013 London
Reporter: Mark Dugdale

Asset managers must continue to hold custodian banks to account to ensure that they are getting the services they expect at the correct price, according to the UK Financial Conduct Authority’s director of supervision...

OCC cleared contract volume hits 400 million
04 November 2013 Chicago
Reporter: Mark Dugdale

OCC's cleared contract volume in October reached 407,220,455 contracts, representing a 24 percent increase from the October 2012 volume of 327,576,945 contracts...

Computershare snaps up Olympian TA business
01 November 2013 Alberta
Reporter: Georgina Lavers

Olympia Financial Group will sell its transfer agency and corporate trust assets to Computershare Trust Company of Canada for $43 million...

Northern Trust hires for Dublin TA team
31 October 2013 Dublin
Reporter: Georgina Lavers

Northern Trust has made two senior appointments in its Dublin-based transfer agency team...

TriOptima addresses February repository rules
31 October 2013 New York
Reporter: Georgina Lavers

TriOptima has launched a UTI (Unique Trade ID) pairing functionality to assist firms preparing for the European trade repository reporting, which will be effective from February 2014...

Mitsui Sumitomo Insurance appoints Northern Trust
31 October 2013 London
Reporter: Daniel Jackson

Mitsui Sumitomo Insurance has appointed Northern Trust to provide custody and fund administration services to its $1 billion in assets...

Miami bank chooses lightning for fixed income
30 October 2013 Miami
Reporter: Georgina Lavers

The Miami-headquartered bank Sunstate has selected ‘Lightning’ to support its fixed income trading, funding and safekeeping services...

CGD Securities picks SunGard to grow Brazil business
30 October 2013 São Paulo, Brazil
Reporter: Daniel Jackson

CGD Securities, a Brazilian division of Portugese-based bank Caixa Geral de Depósitos, has selected SunGard’s hosted Valdi solution to help grow the firm’s business...

Katja Spindler joins Robus
29 October 2013 Gibraltar
Reporter: Daniel Jackson

Fiduciary management firm Robus has confirmed the appointment of Katja Spindler as senior accountant....

Vietnam Equity Fund launched with BNP Paribas’s aid
29 October 2013 Ho Chi Minh City, Vietnam
Reporter: Daniel Jackson

BNP Paribas Securities Services has supported the successful launch of the first UCITS-compliant, actively managed Vietnam equity fund...

TriOptima reduces legacy notionals
29 October 2013 New York
Reporter: Georgina Lavers

TriOptima is working with industry participants to implement a triReduce compression methodology for Index Tranche trades with non-standard coupons...

BT Global Services hires Tanuja Randery
29 October 2013 New York
Reporter: Georgina Lavers

BT has hired Tanuja Randery as president for strategy and marketing for its global services division, reporting to chief executive officer Luis Alvarez...