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NAB asset servicing to provide custody for ARPC
22 March 2012 Australia
Reporter: Georgina Lavers

Australian Reinsurance Pool Corporation has given National Australia Bank Asset Servicing a $740 million directive to provide its custodial services...

Northern Trust new custodian of UnitedHealth
22 March 2012 Chicago
Reporter: Georgina Lavers

Northern Trust announced it will provide global custodial services for the Minneapolis-based UnitedHealth Group...

Hartford Financial Services breaks up
22 March 2012 Connecticut
Reporter: Georgina Lavers

Hartford Financial Services group has shut down its annuity business, pursuing a sale or other options for its individual life insurance, retirement plan and broker-dealer businesses...

Misys accepts Vista Equity offer
21 March 2012 US and London
Reporter: Georgina Lavers

Financial software services provider Misys has agreed to Vista Equity Partner’s £1.26 billion bid, with its board telling shareholders the 350 pence-a-share cash deal is: ‘unlikely to be bettered’...

Ohio replaces custodians BNY Mellon and State Street
21 March 2012 Ohio
Reporter: Georgina Lavers

BNY Mellon and State Street are being swapped out for J.P. Morgan and Citigroup as custodians of international investments for four Ohio pension funds, state treasurer Josh Mandel said...

Rivalry intensifies for FX clearing
21 March 2012 New York
Reporter: Georgina Lavers

Competition for forex clearing is hotting up as the IntercontinentalExchange (ICE) prepares to enter the market alongside players CME Group and LCH.Clearnet...

Rezabek appointed president of Huntington Asset Services
20 March 2012 Indianapolis
Reporter: Ben Wilkie

Huntington Asset Services has appointed Joseph Rezabek as president of the company...

SIX Securities Services now interoperable on Turquoise
20 March 2012 London
Reporter: Ben Wilkie

The clearing arm of SIX Securities Services, SIX x-clear Ltd is now fully interoperable clearing and risk management services are now available on Turquoise...

Finesti and fundinfo combine forces for KIIDs
19 March 2012 Zurich and Luxembourg
Reporter: Georgina Lavers

Finesti and fundinfo are to combine their experience in investment fund data and documents to offer services intended to aid cross-border notifications and the distribution of Key Investor Information Documents (KIIDs)....

J.P. Morgan to overhaul asset servicing platforms
19 March 2012 UK
Reporter: Georgina Lavers

J.P. Morgan is updating global trading and asset servicing platforms, as well as investing heavily in fast-growing areas such as mobile payments...

Russia’s National Settlement Depository A+ rated
16 March 2012 Russia
Reporter: Georgina Lavers

Russia's National Settlement Depository (NSD) has been issued a CSD rating of A+, meaning that it has low overall risk...

State Street wins Volvar mandate
16 March 2012 Paris
Reporter: Ben Wilkie

Volvar Asset Management has appointed State Street to provide back office services for two funds domiciled in France and Luxembourg...