All industry news

Daiwa sells global asset services arm to Sumitomo

03 July 2012 Dublin and London
Reporter: Georgina Lavers

Daiwa Securities Group has sold its global asset services division to Sumitomo Mitsui Trust Bank (SMTB), after letting go of its synthetic prime brokerage arm in December...

KLP Asset Management chooses Algorithmics

02 July 2012 London, Oslo and Toronto
Reporter: Georgina Lavers

Algorithmics, an IBM Company, announced today that KLP Kapitalforvaltning (KLP Asset Management), the asset management subsidiary of Norwegian-based KLP Group...

ALPS advisors rolls out new ETF

02 July 2012 Colorado
Reporter: Georgina Lavers

ALPS advisors, a subsidiary of DST systems, has launched an ALPS Sector Dividend Dogs ETF. The ETF applies the 'Dogs of the Dow Theory...

Cencosud selects BNY Mellon as its ADR depository bank

02 July 2012 New York
Reporter: Mark Dugdale

Latin American retail conglomerate Cencosud has named BNY Mellon as the depository bank for its American depository receipt programme...

Northern Trust nabs the next Generation

29 June 2012 London
Reporter: Mark Dugdale

Generation Investment Management has reappointed Northern Trust as the outsourcing provider of full investment operations for its asset management business...

Fidessa examines derivatives markets

26 June 2012 London
Reporter: Georgina Lavers

Fidessa has a new white paper, For Whom the Bell Tolls, which examines how the previously separate OTC and exchange-traded markets are being brought together by overlapping regulations...

Mutual fund assets in China to surpass $1 trillion by 2015

22 June 2012 China
Reporter: Georgina Lavers

A report has predicted Chinese mutual fund assets will triple by 2015 to reach over $1 trillion, and possibly doubling again by 2020, as policy changes are instituted to encourage the development of investment markets and internalization of the curre

Theft and corruption for Nigeria’s pension funds

22 June 2012 Nigeria
Reporter: Georgina Lavers

A probe committee has been set up to recover a N59 billion balance suspected to be stolen by officials. Vice Chairman of the probe committee, Senator Kabiru Gaya, told the Nigerian Senate...

Vermeg acquires a stake in BSB

20 June 2012 Tunis
Reporter: Georgina Lavers

Vermeg, which specialises in securities processing and fund administration software, has acquired an equity participation in the capital of BSB...

NexPoint to administrate Pyxis fund

18 June 2012 Dallas
Reporter: Georgina Lavers

NexPoint Advisors will become the investment adviser and administrator to the Pyxis Credit Strategies Fund. NexPoint is an affiliate of Pyxis Capital, the fund's current investment adviser and administrator...

DST lends China a hand with RQFII scheme

15 June 2012 Shanghai and Hong Kong
Reporter: Georgina Lavers

DST Global Solutions is helping its Chinese asset management clients prepare for participation in the recently launched RQFII scheme through its asset servicing solution HiPortfolio...

Sun International looks to BNY Mellon for ADR programme

15 June 2012 New York
Reporter: Mark Dugdale

South Africa-based Sun International has appointed BNY Mellon as the depositary bank for its American depositary receipt programme...

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