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Clearstream slashes Croatian custody fees


14 June 2013 Zagreb
Reporter: Georgina Lavers

Clearstream is making up to 45 percent cuts to its custody fees for the Croatian market, effective from 1 July 2013...
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BNY Mellon shines a light on Chinese retailer


14 June 2013 New York and Hong Kong
Reporter: Jenna Jones

LightInTheBox Holding Co. has appointed BNY Mellon as depository bank for its American depositary receipt (ADR) programme...
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Horizon Cash Management targets emerging managers


13 June 2013 Chicago
Reporter: Georgina Lavers

Horizon Cash Management has created an account that aims to provide small and emerging fund managers with a safe alternative for cash balances that are in excess of margin requirements...
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SGSS sets up shop in Tunisia


13 June 2013 Tunis
Reporter: Jenna Jones

Societe Generale Securities Services (SGSS) is opening a new office in Tunisia to develop its custody services offer...
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Eurex rolls out new trading system


13 June 2013 Frankfurt
Reporter: Jenna Jones

Eurex Exchange has completed its migration to Deutsche Boerse Group’s global trading system. The fixed income derivatives segment was the last product group to migrate from the previously used system...
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Pinnacol Assurance singles out State Street


13 June 2013 Bostson
Reporter: Jenna Jones

Workers’ compensation insurance provider, Pinnacol Assurance, has selected State Street to provide full custody and accounting services as well as compliance monitoring and performance and analytics solutions...
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Boosted depository costs may outweigh the advantages of AIFMD


12 June 2013 Brussels
Reporter: Georgina Lavers

Polling sessions during Clearstream’s Fund Summit in Brussels revealed that 60 percent of the 150 delegates anticipate that the increase in costs for depositories posed by AIFMD rules will be significant and will outweigh the advantages...
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Guernsey treads down the AIFMD road


12 June 2013 St Peter Port
Reporter: Georgina Lavers

Guernsey is now accepting Alternative Investment Fund Managers Directive applications as marketing rules are implemented...
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UBS appoints ICSD for its investment bank business


11 June 2013 Frankfurt
Reporter: Georgina Lavers

UBS has appointed Clearstream as its primary International Central Securities Depository (ICSD), in a move that will consolidate the majority of its securities custody, settlement, and financing business...
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BNP Paribas Securities Services fully commits to Hong Kong


10 June 2013 Hong Kong
Reporter: Georgina Lavers

In light of increasingly international cross-border fund distribution, BNP Paribas Securities Services announced intentions to launch a full range of services targeting local funds in Hong Kong...
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Mackenzie makes a beeline for Citi’s services


05 June 2013 Hong Kong and Singapore
Reporter: Jenna Jones

Mackenzie Investments has selected Citi to provide a complete suite of fund administration, middle office, collateral management and transfer agent services in support of its portfolio advisory and fund management activities in Asia...