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Illinois pensions agency seeks new custodian
18 July 2016 Chicago
Reporter: Stephanie Palmer

The Illinois State Board of Investment is seeking a new provider for master trust and custody services both on a domestic basis and internationally...

Northern Trust wins middle-office mandate
15 July 2016 London
Reporter: Becky Butcher

Rothesay Life has appointed Northern Trust to provide middle office services for a portfolio of approximately £20 billion in assets under management...

GLEIF launches LEI data challenge facility
15 July 2016 Basel
Reporter: Becky Butcher

The Global Legal Entity Identifier Foundation (GLEIF) has launched its new data challenge facility...

Linear taps RSRCHXchange for compliant research
15 July 2016 London
Reporter: Drew Nicol

Linear Investments has partnered with RSRCHXchange to offer its hedge fund clients to access to research in a manner compliant with MiFID II...

Frost receives warm welcome as CalPERS CEO
15 July 2016 Sacramento
Reporter: Drew Nicol

CalPERS's board of administration has unanimously voted Marcie Frost as the CEO, effective 3 October...

Brexit update: BoE keeps interest rates the same
14 July 2016 London
Reporter: Mark Dugdale

The Bank of England has declined to raise interest rates in the face of economic uncertainty following Brexit, but warned that volatility in property prices might require action in the future...

MainstreamBPO opens New York office
14 July 2016 New York
Reporter: Becky Butcher

MainstreamBPO has expanded its presence in New York with the opening of a new office for its hedge fund administration business...

Deutsche Bank names new Asia Pacific CEO
14 July 2016 Frankfurt
Reporter: Becky Butcher

Deutsche Bank has appointed Werner Steinmueller, current head of global transaction banking, to take on the role of CEO for the Asia Pacific region...

South Africa makes the leap to T+3
13 July 2016 Johannesburg
Reporter: Drew Nicol

South Africa’s capital market has initiated its long-anticipated settlement reform by shortening its standard cycle to T+3 from T+5, this week...

Citigroup admits to 15-year blue sheet violation
13 July 2016 Washington DC
Reporter: Stephanie Palmer

Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the SEC over a 15-year period...

Centaur expands with Bermuda office
13 July 2016 Hamilton, Bermuda
Reporter: Stephanie Palmer

Centaur Fund Services has opened a new office in Bermuda and appointed Marc Weaver to run it as COO...

PFS expands Isle of Man team
12 July 2016 Isle of Man
Reporter: Stephanie Palmer

Pacific Fund Systems has appointed two new senior staff members to the executive team, based in the new operational headquarters in the Isle of Man...