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Two Apex employees split to form Tower Fund Services
08 January 2013 New Jersey
Reporter: Georgina Lavers

The former managing director and director of operations for Apex Fund Services have left the firm to start their own fund administration business...

BNY Mellon establishes CSD
08 January 2013 Brussels and London
Reporter: Jenna Jones

BNY Mellon has received regulatory approval to launch a new issuer central securities depository (CSD) entity, offering market participants enhanced interoperability and efficiency...

SunGard buys XSP for corporate actions know-how
07 January 2013 Pennsylvania
Reporter: Georgina Lavers

SunGard has acquired XcitekSolutionsPlus (XSP), a provider of end-to-end, automated corporate actions solutions for an unknown sum...

Basel treads water til 2019
07 January 2013 Switzerland
Reporter: Georgina Lavers

After a Switzerland summit that saw bankers heatedly lobbying for more relaxed reforms, banks now have until 2019 to reach a liquidity coverage ratio...

De-risking of UK pension funds paid off, says State Street
07 January 2013 London
Reporter: Georgina Lavers

Initial estimates for the WM UK Defined Benefit Pension Fund Universe and the WM UK Charity Fund Universe suggest a strong year for both sectors...

AZL nabs custody of Netherland's TNO
04 January 2012 Holland
Reporter: Georgina Lavers

TNO, a Netherlands organisation for scientific research, has outsourced its pensions administration to ING subsidiary AZL...

IFG Trust and Corporate Group acquires Moore
03 January 2012 Jersey
Reporter: Georgina Lavers

The IFG Trust and Corporate Group has now concluded the acquisition of Moore Group following receipt of regulatory approval from the Jersey Financial Services Commission...

Repo flying but trading volume dips at Eurex
03 January 2013 Frankfurt
Reporter: Georgina Lavers

The international derivatives markets of Eurex Group ended 2012 with a turnover of approximately 2.3 billion contracts, a dip from the 2.8 billion seen in 2011...

China Merchants Securities moves into custody
02 January 2013 Shenzhen
Reporter: Mark Dugdale

It is the first securities company to offer custody services to private equity funds in China...

SGX welcomes BNP Paribas as new clearing member
28 December 2012 Singapore
Reporter: Mark Dugdale

BNP Paribas Securities Services will support Singapore Exchange’s (SGX’s) position as a gateway for businesses looking to move into Asia after joining its securities market as a clearing member...

Twenty percent growth for SEB prime brokerage platform
21 December 2012 London
Reporter: Jenna Jones

New SEB figures show a 20 percent increase in mandates on its prime brokerage platform over the last year. The platform has attracted 70 new hedge fund mandates in 2012, bringing the total number to more than 400...

Clearstream releases T2S pricing model
21 December 2012 Frankfurt
Reporter: Jenna Jones

Clearstream has released its pricing model for TARGET2-Securities (T2S), addressing market concerns about fees and implementation costs...