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State Street does Goldman Sachs deal
18 July 2012 New York and Boston
Reporter: Mark Dugdale

State Street has confirmed that it will acquire hedge fund administrator Goldman Sachs Administration Services (GSAS) from the Goldman Sachs group in a deal worth up to $550 million...

Growth of ETF services at RBC Dexia with Swiss & Global mandate
18 July 2012 Luxembourg
Reporter: Georgina Lavers

RBC Dexia Investor Services had been mandated by Swiss & Global Asset Management to provide custody and fund administration to four recently launched ETFs...

Northern Trust grows Australian asset servicing division
17 July 2012 Melbourne
Reporter: Georgina Lavers

Northern Trust has stated it intends to grow its asset servicing business in Australia, with a significant increase in assets and the addition of new staff in its Melbourne office...

Broadridge releases white paper for mutual fund nominees
17 July 2012 London
Reporter: Mark Dugdale

Broadridge Financial Solutions's industry white paper explores UK market views on the specific requirements set out in Chapter 5 (investing in authorised funds through nominees) of the Retail Distribution Review (RDR)...

Comada uses QuoVadis for hedge fund investors
16 July 2012 Bermuda
Reporter: Georgina Lavers

Comada, a solutions provider for hedge fund investors in, has migrated its servers to a data centre hosted by QuoVadis Services. A statement from Comada stated that the new centre enhances the levels of security for clients...

BNY Mellon appointed by Menzis in the Netherlands
16 July 2012 Amsterdam
Reporter: Georgina Lavers

BNY Mellon, will provide custody and other value added services to Menzis, a Netherlands-based health insurance company. Based in Wageningen, Menzis has approximately €2 billion in assets...

Lyxor hires Soetens for business development role
16 July 2012 Amsterdam
Reporter: Mark Dugdale

Lyxor Asset Management has appointed Tim Soetens as director of business development for the Netherlands. He will be based in Amsterdam and will report to Amber Kizilbash...

Abacus fund administration appoints new manager
16 July 2012 Malta
Reporter: Georgina Lavers

Abacus, the Maltese fund administration and fiduciary services group, has appointed Mario Psaila as its new general manager. The company, which has been in operations for eighteen months...

BNY Mellon address OTC inconsistencies
13 July 2012 New York and SIngapore
Reporter: Georgina Lavers

The transformation of OTC derivatives markets globally is having a substantial impact on how derivatives are used, according to a BNY Mellon report...

Peter Herrlin is London prime brokerage head at SEB
13 July 2012 London
Reporter: Georgina Lavers

Peter Herrlin will be the new head of the SEB’s prime brokerage division in London. Herrlin, who joined SEB in 2010, succeeds Atilla Olesen, who has transferred to Denmark...

Finadium surveys asset managers
12 July 2012 Massachusetts
Reporter: Mark Dugdale

Securities and investment research firm Finadium has released a report that identifies current concerns and future trends across custody, securities lending and collateral management...

J.P Morgan launches tax service for UCITS funds
12 July 2012 London
Reporter: Georgina Lavers

J.P. Morgan’s Worldwide Securities Services (WSS) has launched its tax calculation and reporting service for UCITS funds distributed into the UK...