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SwapClear surpasses $1 trillion mark
01 June 2012 New York
Reporter: Mark Dugdale

More than $1 trillion in buy-side client notional volumes have been cleared on the platform of LCH.Clearnet’s interest rate swap clearing service, SwapClear...

Food company appoints BNY Mellon as custodian
01 June 2012 New York
Reporter: Mark Dugdale

The bank will provide custody, accounting, performance measurement and benefit disbursement services for the Smithfield Foods’s employee defined benefit plan, which has more than $1 billion in assets under administration...

Eurex Clearing partners with seven for new clearing service
31 May 2012 Frankfurt
Reporter: Mark Dugdale

Barclays, BNP Paribas, Citibank, Credit Suisse, Deutsche Bank, J.P. Morgan and Morgan Stanley will all support the launch of EurexOTC Clear for IRS...

Resignations and restructuring at Clearstream
31 May 2012 Asia
Reporter: Georgina Lavers

Clearstream will undergo a significant shakeup this summer, as its head of client relations resigns, and its Asian business splits in half...

New hire for State Street fund services
31 May 2012 Boston
Reporter: Georgina Lavers

State Street Corporation has appointed Timothy Donovan to senior managing director and head of real estate fund services for North America...

SimCorp: Dodd-Frank is a catalyst for change
31 May 2012 New York
Reporter: Mark Dugdale

Thirty percent of respondents to a SimCorp poll admitted that it would take days or weeks to estimate the profit and loss of a potential default of the companies to which they are exposed...

NAB on custody high
31 May 2012 Australia
Reporter: Georgina Lavers

Fiducian Portfolio Services has mandated NAB’s asset servicing business as its new custodian, and AMNIST Super has renewed its contract with the Australian bank...

Semiconductor company selects BNY Mellon in Taiwan
31 May 2012 New York
Reporter: Mark Dugdale

Himax Technologies has chosen BNY Mellon as the depository for its American depository receipts programme...

BNY Mellon appoints two for its outsourcing business
30 May 2012 New York
Reporter: Mark Dugdale

Paul Gately and John Lehner have joined from Eagle Investment Systems, a subsidiary of BNY Mellon...

Algorithmics launches pension risk management solution
30 May 2012 New York, London and Toronto
Reporter: Georgina Lavers

Algorithmics, an IBM Company, has launched a new edition of its existing solution, Portfolio Construction and Risk Management for Pension Funds, to help pension funds better manage their funding status...

BNP Paribas wins Polish sub-custody mandate
30 May 2012 London
Reporter: Georgina Lavers

BNP Paribas Securities Services has won a mandate to provide sub-custody and settlement services to ConvergEx in Poland. ConvergEx provides proprietary software products and technology-enabled services...

Oslo Børs signs off on MoU with LCH.Clearnet
30 May 2012 Norway
Reporter: Georgina Lavers

In 2010 Oslo Børs and LCH.Clearnet entered into a memorandum of understanding regarding interoperability on clearing services for cash equities...