All Securities Services articles – Page 69
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Features
BGSS boost for Morgan Stanley
US custodian bank Morgan Stanley has strengthened its hand in Europe with its acquisition of the global custody business of Barclays Global Securities Services (BGSS). Morgan Stanley netted $250bn of BGSS assets which brings its global franchise to some $390bn.Morgan’s European chairman Sir David Walker says the US bank’s European ...
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Features
Comment: MSS stays in the leadership race
Another European player aims to ensure that US banks do not dominate the custody stakes, writes Bob Crew
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Features
German firms lag on costs
German companies may be handicapped in labour competitiveness because of pensions costs, according to figures from international consultants.Watson Wyatt Investment Consulting has produced a country-by-country comparison of the average return companies obtain from pension investments (see figure 1), which gives German companies and German-based subsidiaries the most to worry about.Mark ...
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Features
Domicile: Home is where the fund is
The choice of fund domicile is becoming an increasingly live issue for both investors and managers. Rachel Oliver checks out four of the leading centres
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Features
Europe: Eyes on pensions market
Though still in the early days of development, the proposed European Pension Fund (EPF) is at the core of detailed discussions and strategic planning in Luxembourg’s banking community, to meet a launch deadline which could be as early as the beginning of next year. And Lucien Thiel, general manager of ...
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Features
Performance fees are the norm
In the Netherlands, the continent’s most heavily targeted market place by international money managers, performance related fees have be-come the norm in charging institutional clients for services rendered. This is unlike some five years ago, when investment managers mainly charged flat fees. In the not so distant past, the Dutch ...
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Features
Survey understates use of outside custodians in UK
The major recent survey by the National Association of Pensions Funds found that only 75% of 600 or so UK private sector schemes responding used an outside custodian. Among public authority schemes only 61% of the 56 schemes used outside custodians.But the NAPF believes these responses understate the true position ...
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Features
Securities lending comes of age for Europe's pension funds
Chase Manhattan’s Global Securities Services in London is about to announce new global Custody Mandates in Europe-one a German pension fund and the other a large European foundation, the mandate of which is worth US$2bn and will be invested globally. Last year Chase took £50bn worth of custody business out ...
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Features
The drive to be the biggest of them all
Bob Crew explains the thinking behind BoNY’s increased interest in State Street
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Features
Military minds train on financial targets
Military strategists are moving their skills to the trading floors near Bank in the City of London. BZW announced at the beginning of this year that it had teamed up with the Ministry of Defence. It has joined with the Defence Evaluation and Research Agency (DERA) and DERA’s support services ...
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Features
Swiss scheme goes all domestic
The global custody portfolio of Switzerland’s AHV fund, which services national pension and social payments, is due to be awarded to Swiss Bank Corporation because it has the most competitive rates. At the time of going to press, the contract had not been signed, but both Joseph Hofstetter, manager of ...
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Features
Deutsche challenges US in custody battle
Germany’s largest bank – the 125 year old Deutsche Bank in Frankfurt – has announced that it is aiming, this year and for the following two years, to double its custody business. Throwing down the gauntlet to US banks, Deutsche is making it clear that its ambition is to be ...
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Features
The race to the top of the class
Bob Crew explains why custodians are opening their doors to consultants and allowing them to grade them
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Features
Setting a global standard
Thirteen European countries, expanding from a core group of eight, are participating in a project to produce European and global standards for investment performance measurement. The momentum for establishing recognised standards come from different bodies depending on the country, according to Dugald Eadie, chairman of the European Federation of Financial ...
