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RBC appointed emerging markets fund custodian
13 December 2013 Dublin
Reporter: Daniel Jackson

RBC Investor & Treasury Services, a part of the Royal Bank of Canada, has been appointed as custodian and fund administrator by Westwood Holdings for its emerging markets fund...

Guernsey signs FATCA agreement with the US
13 Decmber 2013 Guernsey
Reporter: Daniel Jackson

Guernsey has signed an intergovernmental agreement with the US government in relation to the Foreign Account Tax Compliance Act (FACTA)...

Oddo & Cie takes 5 percent stake in EFA
13 December 2013 Paris
Reporter: Daniel Jackson

Oddo & Cie and European Fund Administration have signed an international partnership agreement that will see the pair cooperate more closely...

AXA IM extends outsourcing partnership with State Street
12 December 2013 London
Reporter: Daniel Jackson

AXA Investment Managers has extended its investment operations outsourcing mandate with State Street for an additional five years.

KENANGA selects IRESS technology solution
12 December 2013 Kuala Lumpur
Reporter: Daniel Jackson

IRESS, a supplier of capital markets, wealth and mortgage management systems, has successfully delivered an integrated technology solution for KIBB's wealth management division...

Assets under custody for Clearstream increases 7 percent
11 December 2013 Luxembourg
Reporter: Daniel Jackson

Clearstream has published its monthly figures for November 2013. The data shows that the value of assets under custody held on behalf of customers registered an increase of 7 percent year on year to a record €11.9 trillion.

Professional association reacts to IIRC's new framework
11 December 2013 New Jersey
Reporter: Georgina Lavers

In response to the International Integrated Reporting Council's international integrated reporting framework, the Institute of Management Accountants has outlined several actions to transform corporate reporting...

BNY Mellon introduces AIFMD service
11 December 2013 London
Reporter: Georgina Lavers

BNY Mellon has announced a new service for fund managers that aims to help them identify, aggregate and manage the regulatory reporting requirements of the Alternative Investment Fund Manager’s Directive (AIFMD)...

BNY Mellon introduces liquidity administration service
10 December 2013 London
Reporter: Daniel Jackson

BNY Mellon has introduced a new liquidity administration service as part of its fund of hedge fund offering...

KSD and Clearstream cooperate on investment fund
10 December 2013 Seoul
Reporter: Daniel Jackson

Korea Securities Depository (KSD) and Clearstream, a subsidiary of Deutsche Börse Group, have signed a memorandum of understanding in Seoul...

Outsourcing working group publishes guidelines
10 December 2013 London
Reporter: Daniel Jackson

The Outsourcing Working Group has published outsourcing guidelines for asset managers...

Northern Trust increases collateral management options
10 December 2013 Chicago
Reporter: Daniel Jackson

Northern Trust has expanded its collateral management system and will now support forward settling mortgage-backed securities...