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Boosted depository costs may outweigh the advantages of AIFMD
12 June 2013 Brussels
Reporter: Georgina Lavers

Polling sessions during Clearstream’s Fund Summit in Brussels revealed that 60 percent of the 150 delegates anticipate that the increase in costs for depositories posed by AIFMD rules will be significant and will outweigh the advantages...

Guernsey treads down the AIFMD road
12 June 2013 St Peter Port
Reporter: Georgina Lavers

Guernsey is now accepting Alternative Investment Fund Managers Directive applications as marketing rules are implemented...

Italian fund manager names global custodian
11 June 2013 Milan
Reporter: Mark Dugdale

RBC Investor & Treasury Services will provide global custody, fund accounting, transfer agency, cash management and securities lending services to Polaris Investment after being named the fund manager’s global custodian...

Nico Torchetti joins SGX from HSBC
11 June 2013 Singapore
Reporter: Georgina Lavers

Singapore Exchange has hired Nico Torchetti as the new head of post-trade services from 1 August 2013...

Russian market sparks for SmartStream
11 June 2013 Moscow
Reporter: Georgina Lavers

SmartStream Technologies has partnered up with Alliance Factors, a financial services solutions provider and SWIFT service bureau based in Russia, in order to meet the demands of a growing client base in the region...

UBS appoints ICSD for its investment bank business
11 June 2013 Frankfurt
Reporter: Georgina Lavers

UBS has appointed Clearstream as its primary International Central Securities Depository (ICSD), in a move that will consolidate the majority of its securities custody, settlement, and financing business...

Broadridge steps up to the plate in Japan
11 June 2013 Tokyo
Reporter: Georgina Lavers

Broadridge Financial Solutions has brought on new clients for its domestic and cross-border post-trade solutions in Japan...

Clearing brokers encourage CCS initative
11 June 2013 New York
Reporter: Georgina Lavers

Four of the largest OTC derivatives clearing brokers have confirmed their support for the Clearing Connectivity Standard (CCS) initiative to standardise reporting for cleared OTC derivatives...

BNP Paribas Securities Services works on its DNA
11 June 2013 London
Reporter: Georgina Lavers

BNP Paribas Securities Services have launched ‘DNA’, its performance and risk management web-tool, for the iPad...

Kubera cross border fund chooses IOMA
10 June 2013 London
Reporter: Georgina Lavers

Kubera Cross-Border Fund has appointed IOMA Fund and Investment Management as its administrator, registrar and company secretary...

BNP Paribas Securities Services fully commits to Hong Kong
10 June 2013 Hong Kong
Reporter: Georgina Lavers

In light of increasingly international cross-border fund distribution, BNP Paribas Securities Services announced intentions to launch a full range of services targeting local funds in Hong Kong...

State Street calls on Michael Bell
07 June 2013 London
Reporter: Georgina Lavers

State Street has named Michael Bell as executive vice president and member of its management committee, the company’s senior-most policy-making and strategy group...