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Grant Thornton acquires fund administrator


13 October 2011 Johannesburg
Reporter: Anna Reitman

Grant Thornton Capital has announced it has acquired First Light Administration Services as part of the financial advisor's growth plan in South Africa...
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SocGen gets LBO France Gestion mandate


13 October 2011 Paris
Reporter: Anna Reitman

Societe Generale Securities Services (SGSS) has announced it is selected by LBO France Gestion to provide depositary bank services...
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Citi gets HLB mandate


11 October 2011 New York
Reporter: Anna Reitman

Citi Securities and Fund Services has announced that it has been appointed to provide a comprehensive range of custody and portfolio administration services to the Federal Home Loan Bank of New York (HLB)...
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Nomura picks Traiana for ETD services


11 October 2011 London
Reporter: Anna Reitman

Traiana has announced that its Harmony system will expand Nomura's exchange traded derivative (ETD) client service platform...
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Buy side still locked in legacy systems - Thomson Reuters


11 October 2011 New York
Reporter: Anna Reitman

Despite having risk management tools in place, a Thomson Reuters survey found that most asset managers and investors could not prevent losses during volatile summer markets this year...
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Misys launches enterprise risk solution


11 October 2011 London
Reporter: Anna Reitman

Misys has launched its enterprise market risk solution, Misys Risk, to enable financial institutions to measure, control and manage risk across multiple asset classes, instruments, portfolios and systems...
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Societe Generale enhances SMILE


10 October 2011 Paris
Reporter: Justin Lawson

Societe Generale Securities Services (SGSS) has consolidated and developed its System for Management of Issue-Linked Events (SMILE) in order to provide enhanced middle office services to...
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KBC sells private banking arm


10 October 2011 Brussels
Reporter: Anna Reitman

Precision Capital has acquired KBC Group's private banking subsidiary, KBL epb, for €1.05 billion...
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BNP Paribas gets Duemme's KIID mandate


10 October 2011 London
Reporter: Anna Reitman

BNP Paribas Securities Services has announced that it has won a new mandate to produce the Key Investor Information Document (KIID) for Duemme International Luxembourg....
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The "rise of custodian banks" - BNY Mellon


09 October 2011 New York
Reporter: Anna Reitman

Hedge funds are turning to custodians for services as the financial industry faces dramatic shifts, says BNY Mellon's CEO of ABDS.