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Deutsche Bank opt for Societe Generale
21 September 2011 SIBOS
Reporter: Justin Lawson

Societe Generale Securities Services (SGSS) has been appointed by Deutsche Bank AG to act as sub-custodian for its proprietary and client assets in Egypt. The migration of assets to SGSS was successfully completed on 11 September 2011.

NBAD implements Megara for custody operations
20 September 2011 SIBOS
Reporter: Justin Lawson

The National Bank of Abu Dhabi (NBAD) has gone live with Megara - Vermeg’s independently industry accredited custody system.....

GlobeTax launches new reporting services
20 September 2011 SIBOS
Reporter: Justin Lawson

GlobeTax has launched an additional suite of services for SWIFT members......

Cautious optimism punctuates Sibos conference 2011
20 September 2011 Toronto
Reporter: Anna Reitman

Though global regulations impacting the financial industry are still hotly debated, vendors are seeing opportunities at the Sibos settlement and payments conference in Toronto...

J.P. Morgan expands DCC to Brazil, Russia
20 September 2011 London
Reporter: Anna Reitman

J.P. Morgan’s Worldwide Securities Services has announced plans to expand its Direct Custody and Clearing (DCC) business in Brazil and Russia...

DTCC XSP global corporate actions alliance
19 September 2011 SIBOS
Reporter: Justin Lawson

XSP enters into alliance with DTCC and signs certified partner agreement for global corporate actions validation service...

XSP strikes gold for fifth consecutive year
19 September 2011 SIBOS
Reporter: Justin Lawson

XSP has been named Microsoft Gold Certified Partner for the fifth consecutive year. XSP attained the Microsoft Independent Software Vendor (ISV)/Software competency in recognition of....

BNP shortens BDs' time to new markets
19 September 2011 Toronto
Reporter: Anna Reitman

BNP Paribas Securities Services has launched a service allowing financial intermediaries to shorten their deployment time to new markets, optimising liquidity and boosting client service...

BNY Mellon enhances collateral servicing platform
16 September 2011 New York
Reporter: Justin Lawson

BNY Mellon has enhanced its derivatives collateral servicing platform for institutional clients with new margin management capabilities delivered through a secure web-based portal.....

Phoenix wins fund administration mandate with Chelverton
16 September 2011 London
Reporter: Justin Lawson

Phoenix Fund Services picks up investor services mandate to provide the ACD, fund accounting and transfer agency services for Chelverton Asset Management’s UK OEIC, the Chelverton UK Equity Income Fund........

Paranjape promoted at DB
15 September 2011 Singapore
Reporter: Ben Wilkie

Mrugank Paranjape, managing director, has been appointed head of Direct Securities Services (DSS) for Asia-Pacific where he has overall responsibility for business strategy and growth for the bank’s subcustody, clearing, and fund administration bus

UK to challenge ECB over clearing rules
15 September 2011 London
Reporter: Anna Reitman

The HM Treasury has confirmed the UK is set to legally challenge the ECB over its recently published "location policy"...