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“The picture is not bleak” for hedge funds, eVestment report says
20 February 2023
US Reporter Lucy Carter

Hedge funds saw a US$22.6 billion decline in assets in 2022, but these figures “are not as dire as the headlines would indicate,” according to eVestment’s most recent report

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CIBC Mellon to merge trust company and global securities services into one entity
17 February 2023
Canada Reporter Jenna Lomax

CIBC Mellon has announced its intention to amalgamate its CIBC Mellon Trust Company and its CIBC Mellon Global Securities Services Company

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SEC restates commitment to move to T+1 by May 2024
15 February 2023
US Reporter Jenna Lomax

The affirmation was made at an Open Meeting conducted by the SEC today (15 February)

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BNP Paribas installs Kerdoncuff as head of asset owner clients in Australia and NZ
14 February 2023
Australia, New Zealand Reporter AST

After six years as the bank’s head of China, Philippe Kerdoncuff joins new role working with buy-side clients and will report to Daniel Cheever and Philippe Tassin

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Credit Suisse acquires MK&C as part of CS First Boston carveout
13 February 2023
US Reporter Lucy Carter

Credit Suisse Group has successfully acquired M. Klein & Company’s investment banking business The Klein Group, making further progress with the carveout of Credit Suisse First Boston announced in October 2022

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SIFMA advises modernisation of US corporate actions
13 February 2023
US Reporter Lucy Carter

Findings of the ‘US Corporate Actions Standardization Position Paper’ emerge from a working group established by EY and SIFMA’s operations and technology committee

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FINBOURNE to provide European fixed income consolidated tape
10 February 2023
UK Reporter Lucy Carter

Bloomberg, MarketAxess and Tradeweb have partnered with FINBOURNE to produce a CT for fixed income in European markets

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