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Barclays fined for failing to protect assets


24 September 2014 London
Reporter: Catherine Van de Stouwe

Barclays Bank has been fined nearly £38 million by the Financial Conduct Authority for failing to properly protect clients’ custody assets, worth £16.5 billion...
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Euroclear and SIX partner for Swiss clients


23 September 2014 Zurich
Reporter: Catherine Van de Stouwe

SIX Securities Services and Euroclear Bank have joined forces in a co-operation initiative to provide more cost- and risk-efficient fund services to Swiss investors...
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Enhanced service for UK pension funds


23 September 2014 London
Reporter: Catherine Van de Stouwe

BNY Mellon and Redington are teaming up to offer Redington’s pension fund clients an enhanced asset and liability risk reporting service...
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Flash estimate shows hedge fund rise for SS&C


22 September 2014 Windsor
Reporter: Catherine Van de Stouwe

SS&C’s GlobeOp forward redemption indicator has measured at 3.25 percent for September 2014, down from 4.19 percent in August...
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Augira to benefit from SGSS expertise


22 September 2014 Luxembourg
Reporter: Catherine Van de Stouwe

Societe Generale Securities Services (SGSS) Luxembourg has been mandated by Auriga Global Investors as custodian, administrator and registrar for its UCITS funds and specialised investment funds...
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ERES and CACEIS in employee savings deal


18 September 2014 Paris
Reporter: Catherine Van de Stouwe

CACEIS has been chosen to provide depositary and fund administration services for ERES’s employee savings funds...
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Strong July for UCITS


17 September 2014 Luxembourg
Reporter: Catherine Van de Stouwe

Net sales UCITS has risen to €59 billion for July 2014, according to the European Fund and Asset Management Association’s latest investment funds industry fact sheet...
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Syndicated loans to provide collateral


16 September 2014 New York
Reporter: Catherine Van de Stouwe

Alternative Loan Financing (ALF) has been launched by BNY Mellon that will provide an alternative structure for US syndicated loans to be used as eligible collateral in a wide range of financing solutions...
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RWB meets KAGB requirements with CACEIS


16 September 2014 Luxembourg
Reporter: Catherine Van de Stouwe

CACEIS has been selected as depositary for RWB PrivateCapital Emissionshaus to comply with new obligations in the German Capital Investment Act (KAGB) relating to the Alternative Investment Fund Managers Directive (AIFMD)...
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Slow month for SS&C indices


16 September 2014 Windsor
Reporter: Catherine Van de Stouwe

Hedge fund flows in SS&C GlobeOp Hedge Fund Performance Index has advanced 0.58 percent for September 2014...
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CACEIS to be global asset services to Silver Time


12 September 2014 Luxembourg
Reporter: Catherine Van de Stouwe

CACEIS has been made global asset servicing partner for Silver Time Partner’s first Luxembourg UCITS SICAV, Silver Time Loq Equity SICAV...
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BNY Mellon to be depositary for iDream


11 September 2014 New York
Reporter: Catherine Van de Stouwe

iDreamSky Technology has asked BNY Mellon to be its depositary bank for its American depositary receipt (ADR) program.