All Securities Services articles – Page 31
-
Features
Bridging the gulf
Set to kick off this year on 20 October in Singapore, the occasion of SWIFT’s annual Sibos conference and exhibit is always an apposite moment to reflect upon the Belgium-based cooperative’s progress over the preceding year. This year, however, SWIFT ceo Lenny Schrank and his fellow executives could be forgiven ...
-
Features
Time to shut the back office
This article considers issues involved in outsourcing each of the main areas of a pension scheme, and in particular back office outsourcing. It is based on an operation I successfully carried out at the £3bn (e4.3bn) TRW/Lucas fund in the UK. This was probably the first case of an in-house ...
-
Features
Preparing for battles ahead
It may not be saying much, but custody has never been so exciting as it is in Germany at the moment. For one thing, the master KAG concept is putting global custodians on the map as nothing has before. And, of course, there is matter of State Street digesting the ...
-
Features
Why we all will be speaking IAS 19 soon
With apologies to yet another variation on those immortal words from Star Trek, it’s just possible that pension accounting treatment in Europe might become the trend-setter for the world, surpassing even the US Financial Accounting Standards Board (FASB) that started it all almost 20 years ago. In December 1985, the ...
-
Features
Is this really on?
The months of July and August have long been known as ‘the silly season’ in newspaper circles. In keeping with this fine tradition comes the recent story in the Boston Globe newspaper that Citigroup is looking to purchase State Street – a story that, on the face of it, would ...
-
Features
JP Morgan makes 'master KAG' move
Global custodian JPMorgan Chase has gone into the ‘master KAG’ business in Germany. “Our aim is to strip out the administrative part of the JPMorgan Fleming KAG and decouple the asset management from this,” says Arnulf Manhold, business executive of the US bank’s investor services in Frankfurt. From the beginning ...
-
Features
Shedding light on funds
The fund market information service, FERI FMI is making further strides in its coverage of cross-border funds distribution. The firm already offers a directory, a growing number of in-depth single market reports and various sales analysis tools. Its latest product, FundFile, is the culmination of many months of research and ...
-
Special Report
Guiding light of shareholder value
When you think of Sweden, you think ‘green’ – environmentally friendly, clean and responsible. The Swedish pension fund world is no exception. Consider AP7’s high profile stock-screening policy based on international corporate social responsibility (CSR) guidelines. At the root, however, the debate between CSR, shareholder value and the role of ...
