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Franklin Templeton mandates Societe Generale
21 January 2014 Rome
Reporter: Daniel Jackson

Societe Generale Securities Services in Italy has been appointed by Franklin Templeton Strategic Allocation Funds to act as its Italian paying agent...

Goldman Sachs securities services falls
21 January 2014 New York
Reporter: Georgina Lavers

Securities services net revenues at Goldman Sachs for 2013 were significantly lower compared with the fourth quarter of 2012. In a statement, the firm attribute the fall to the sale of its hedge fund administration business in 2012, for $494 million.

China Construction Bank chooses Multifonds
20 January 2014 Beijing
Reporter: Georgina Lavers

China Construction Bank in Asia has become Multifond’s latest Asian client, choosing to implement the firm’s fund accounting, portfolio accounting and a transfer agency and investor servicing systems...

AIFMD causes bottleneck
20 January 2014 London
Reporter: Georgina Lavers

There are six months to go until implementation of the Alternative Investment Fund Managers Directive, but fewer than 20 percent of alternative investment fund managers have submitted an application to their local regulator...

Investor exodus from macro funds
17 January 2014 London
Reporter: Daniel Jackson

A new report suggests that investors have abandoned macro funds in 2013 as higher-risk alternatives proved to be more profitable...

LSE listed RQFII ETF appoints HSBC sub-custodian
17 January 2014 London
Reporter: Daniel Jackson

HSBC has been appointed sub custodian to Harvest Global Investments’ RQFII ETF tracking CSI300 Index which is the first Luxembourg domiciled RQFII UCITS listed on London Stock Exchange...

Former SunGard exec moves to Calastone
16 January 2014 London
Reporter: Georgina Lavers

Calastone has appointed former SunGard chief executive Cristóbal Conde as a non-executive director...

Gemini Fund Services chooses reconciliation service
16 January 2014 New York
Reporter: Georgina Lavers

Gemini Fund Services is integrating the PROactive reconciliation solution from Broadridge Financial Solutions onto its platform...

Clearstream opens up non-T2S markets
15 January 2014 Luxembourg
Reporter: Georgina Lavers

Eurobonds and securities from non-T2S markets will now be eligible for settlement under TARGET2-Securities, following plans from Clearstream...

European Bank mandates Societe Generale in Romania
15 January 2014 Romania
Reporter: Daniel Jackson

Societe Generale Securities Services in Romania has been mandated by the European Bank for Reconstruction and Development to act as its custody bank in Romania...

BNY Mellon is depository for novel hybrid bonds
15 January 2013 Madrid
Reporter: Georgina Lavers

BNY Mellon is now the paying agent, common depositary and fiscal agent on a tranche of hybrid bonds issued by Telefónica Europe B.V...

Phoenix's UK business shows strength
14 January 2014 London
Reporter: Georgina Lavers

Phoenix Fund Services’ UK authorised funds business has grown more than 160 percent in 2013, with PFS in the UK now administering assets of £2.3 billion...