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AA+ rating for Guernsey


31 October 2014 Guernsey
Reporter: Stephen Durham

The international credit rating agency, Standard & Poor’s, has assigned Guernsey a “AA+” credit rating and has confirmed that the outlook is stable...
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Broadridge reports decrease in ETF assets


31 October 2014 New York
Reporter: Stephanie Palmer

Broadridge’s Q3 figures revealed $9.2 trillion in distribution of long-term mutual funds and exchange-traded assets (ETAs), a slight decrease compared to Q2...
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Gibraltar gets thumbs up from OECD


31 October 2014 Gibraltar
Reporter: Stephen Durham

The Global Forum of the OECD has rated Gibraltar’s government as “largely compliant” for transparency and exchange of information for tax purposes....
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Continued growth in Q3 for KAS Bank


30 October 2014 Amsterdam
Reporter: Stephanie Palmer

KAS Bank has announced a 7 percent growth in commission revenue from asset services, attributed partly to new custodial functions to help with Alternative Investment Fund Manager Directive regulations...
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Mitsubishi UFJ joins with Confluence for new launch


29 October 2014 Hamilton, Bermuda
Reporter: Becky Butcher

Mitsubishi UFJ Fund Services has engaged Confluence to provide it with a range of reporting solutions for the firm’s new Annex IV Reporting Services for alternative investment fund managers...
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Deutsche Börse figures boosted by Clearstream


28 October 2014 Frankfurt
Reporter: Stephanie Palmer

Deutsche Börse’s Q3 2014 results have revealed an increase in net revenue, attributed in part to its Clearstream post-trade segment...
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Survey reveals concern over manual operations


28 October 2014 Pittsburgh
Reporter: Stephanie Palmer

There is growing concern over manual processing in back-office operations, according to Confluence’s 2014 Asset Management Industry Trends survey...
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FirstRand expands in Guernsey


28 October 2014 Guernsey
Reporter: Stephen Durham

South African banking group, FirstRand, is to open a Guernsey branch...
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SGSS provides admin solutions for SCM Private


28 October 2014 London
Reporter: Stephanie Palmer

Societe Generale Securities Services in the UK has been mandated by investment company SCM Private to provide an outsourcing solution for wealth and investment management administration...