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CIBC Mellon selected as Auto Sector custodian
09 March 2011 Toronto
Reporter: Justin Lawson

CIBC Mellon Global Securities Services Company has been selected to provide custody and accounting services to the Auto Sector Retiree Health Care Trust.

Kinetic builds team
08 March 2011 Cayman Islands
Reporter: ben Wilkie

Kinetic Partners has announced two new hires to strengthen its insolvency and forensic services practice.

FBR exits prime brokerage
08 March 2010 Arlington
Reporter: Ben Wilkie

Investment bank FBR Capital Markets has announced that it is quitting the prime brokerage business.

Hendel to head prime brokerage at BoA
08 March 2011 New York
Reporter: Ben Wilkie

Stuart Hendel will join Bank of America Merrill Lynch as managing director and head of global prime brokerage...

State Street announces collateral tracking service
07 March 2011 Boston
Reporter: Justin Lawson

State Street has announced today the launch of a new Collateral Tracking service that helps asset managers and owners accurately assess and manage counterparty risk. Clients can now receive up-to-date reporting on the location and status of all colla

Mizuho buys up Eurekahedge
04 March 2011 Singapore
Reporter: Ben Wilkie

Mizuho Corporate Bank has agreed to acquire 95 per cent of the shares of Eurekahedge...

Guggenheim Global Trading launched
04 March 2011 Chicago
Reporter: Ben Wilkie

Guggenheim Partners, a global diversified financial services firm, has launched Guggenheim Global Trading LLC (GGT) which will invest capital on behalf of the firm, its shareholders, its affiliates and a small group of institutional investors...

BNP Paribas now largest third-party clearer in Hong Kong
04 March 2011 Hong Kong
Reporter: Ben Wilkie

BNP Paribas Securities Services has become the largest General Clearing Participant on the Hong Kong Stock Exchange (HKSE), clearing over five per cent of the value of the HKSE's daily turnover...

Northern Trust wins Stenham custody mandate
03 March 2011 London
Reporter: Justin Lawson

Northern Trust has been appointed by Stenham Asset Management, a leading global fund of hedge funds manager with US$3.5 billion in hedge fund assets under management to provide custody, fund administration, credit and foreign exchange services.

Newedge Goes Live on SMX
02 March 2011 Singapore
Reporter: Ben Wilkie

Newedge is now fully-operational as a general clearing member (GCM) of SMX...

ZAN Partners implements Paladyne FastStart
02 March 2011 London
Reporter: Ben Wilkie

ZAN Partners Ltd, an independent investment management firm based in London, has successfully implemented Paladyne FastStart as its fully-hosted front- to back-office solution...

SEC approves DTCC and NYSE project
02 March 2011 New York
Reporter: Ben Wilkie

The Securities and Exchange Commission (SEC) has approved the “one-pot” cross-margining arrangement between fixed income positions cleared by DTCC’s Fixed Income Clearing Corporation (FICC) subsidiary...