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RBC appointed emerging markets fund custodian


13 December 2013 Dublin
Reporter: Daniel Jackson

RBC Investor & Treasury Services, a part of the Royal Bank of Canada, has been appointed as custodian and fund administrator by Westwood Holdings for its emerging markets fund...
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Guernsey signs FATCA agreement with the US


13 Decmber 2013 Guernsey
Reporter: Daniel Jackson

Guernsey has signed an intergovernmental agreement with the US government in relation to the Foreign Account Tax Compliance Act (FACTA)...
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Oddo & Cie takes 5 percent stake in EFA


13 December 2013 Paris
Reporter: Daniel Jackson

Oddo & Cie and European Fund Administration have signed an international partnership agreement that will see the pair cooperate more closely...
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KENANGA selects IRESS technology solution


12 December 2013 Kuala Lumpur
Reporter: Daniel Jackson

IRESS, a supplier of capital markets, wealth and mortgage management systems, has successfully delivered an integrated technology solution for KIBB's wealth management division...
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Assets under custody for Clearstream increases 7 percent


11 December 2013 Luxembourg
Reporter: Daniel Jackson

Clearstream has published its monthly figures for November 2013. The data shows that the value of assets under custody held on behalf of customers registered an increase of 7 percent year on year to a record €11.9 trillion.
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Professional association reacts to IIRC's new framework


11 December 2013 New Jersey
Reporter: Georgina Lavers

In response to the International Integrated Reporting Council's international integrated reporting framework, the Institute of Management Accountants has outlined several actions to transform corporate reporting...
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BNY Mellon introduces AIFMD service


11 December 2013 London
Reporter: Georgina Lavers

BNY Mellon has announced a new service for fund managers that aims to help them identify, aggregate and manage the regulatory reporting requirements of the Alternative Investment Fund Manager’s Directive (AIFMD)...
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KSD and Clearstream cooperate on investment fund


10 December 2013 Seoul
Reporter: Daniel Jackson

Korea Securities Depository (KSD) and Clearstream, a subsidiary of Deutsche Börse Group, have signed a memorandum of understanding in Seoul...