Watch breaking news videos and read news updates about Asset Servicing on pionline.com
DiNapoli: Wall Street profits strong in first half of year; uncertainty for final 6 months
trueDespite a strong first half for Wall Street profits, the second half of 2015 faces uncertainty due to recent stock market volatility and “global economic turmoil,” New York state Comptroller Thomas DiNapoli said Tuesday.
Blockchain set to rock investment management
trueThe technology behind bitcoin that's just beginning to be mined for use in a wide array of financial services has limitless potential for use in institutional investing, from interest-rate swaps to settlements and back-office functions, say those who've studied and are actively pursuing its ...
Canada's Department of Finance taps State Street as custodian of currency swaps
trueCanada’s Department of Finance hired State Street as collateral manager and custodian for the Canadian government’s currency swap program.
Houston lawsuit against Towers Watson advances
trueThe city of Houston’s lawsuit against Towers Watson over calculations of required contributions and benefit costs for the firefighters pension fund can proceed, a U.S. District judge in Houston ruled Wednesday.
Wisconsin State Board looking for auditor of performance measurement, reporting
trueState of Wisconsin Investment Board issued an RFP for a firm to provide auditing services of its investment performance measurement and reporting process and calculations.
Natick Contributory Retirement seeking custodian
trueNatick (Mass.) Contributory Retirement System is searching for a custodian for its $115 million pension fund.
Most firms not ready for new SEC money market rules — survey
trueEighty-five percent of officials at North American asset owners and financial services firms said they have either no understanding or limited knowledge of upcoming Securities and Exchange Commission rule changes on valuing prime money market funds.
Seattle 457 plan on the lookout for record keeper, custodian
trueSeattle Voluntary Deferred Compensation Plan and Trust is searching for a record keeper and custodian.
Software glitch putting custody arrangements in spotlight
trueSoftware problems late last month at Bank of New York Mellon Corp. affecting the valuation of 1,200 mutual funds and exchange-traded funds have been resolved, but the issue is leading asset owners to take another look at their custodians.
SS&C appoints Advent Software CEO as general manager
truePete Hess was named senior vice president and general manager at SS&C Technologies Holdings’ Advent Software business, spokeswoman Megan Griffin said.
Northern Trust adds institutional sales position to grow Canada custody business
trueNick Petruccelli was named senior vice president, institutional sales, at Northern Trust Canada.
Delaware looking for record keepers for 3 state DC plans
trueDelaware is looking for one or more record keepers for its three defined contribution plans — a 457(b) deferred compensation plan, a 401(a) match plan and a 403(b) plan.
BNY Mellon Markets Group appoints new president
trueMichelle Neal was named president of BNY Mellon Markets Group, the unit of Bank of New York Mellon that includes asset servicing, foreign exchange and trading, and prime brokerage.
Monroe County Water Authority looking for 457 plan administrator
trueMonroe County Water Authority is searching for an administrator for its $18 million 457 deferred compensation plan.
CalPERS on lookout for custodian
trueCalPERS is searching for a master custodian for its $292.9 billion pension fund, affiliated funds and the supplemental 457 deferred compensation plan.