• Asset Management

      • * Issues surrounding Basel II topped the list of key issues facing risk professionals, according to a survey conducted by The Professional Risk Managers' International Association and Reuters. * Algorithmics struck an alliance with Cicada Corporation and Investors Guaranty of Zurich to develop a suite of reference data and managed-risk-solutions for compliance with Basel II and other regulations. * NYFIX Transaction Services received approval to become an Electronic Access Member of the International Securities Exchange.
      • * Insight Investment has introduced a front-office suite from LatentZero to service its entire operation. * Stanlib Asset and Wealth Management recently implemented technology from DST International to consolidate its front- and back-office operations. * Financial Models Company has released a fixed-income attribution module for FMCSylvan.
      • * Fidelity Investments announced it has reached agreement to acquire Correspondent Services Corporation from UBS PaineWebber. * The Board of Trade Clearing Corporation announced that it will expand the security classes to include municipal bonds, corporate bonds, commercial paper and certain additional government-agency securities. * JPMorgan Investor Services JPMIS) announced that it has been appointed as global custodian by TKP Pensioen BV of the Netherlands. * Dennis J. Dirks, chief operating officer of the Depository Trust & Clearing Corporation, has announced that he will retire from this position effective at the end of April.
      • Gerber Capital Management selects a trading-analytics solution from Powerllel. ; Merrill Lynch's Consults Diversified Portfolios announces using portfolio functionality from CheckFree Investment Services' APL platform. ; Mellon European Fund Services chooses a correspondence-management system from U.K.-based Oceanus Group. ; Deutsche Bank AG in Europe, Asia-Pacific and Japan certifies for FIX connectivity with Charles River Development.
      • Parnassus Investments recently implemented MFACT. ; Charles River Development certifies FIX connectivity with Salomon Smith Barney. ; Bear Stearns signs as the first to participate in the online FX auction system, Forexster. ; Investment management firms now get sales reporting information from a product that combines Access Data's SalesVision with Onyx Enterprise CRM. ; Searchspace has launches AML Sentinel Version 4.0.
      • Texas-based Barbnet selects SolutionForge to provide FIX.NET Server. ;Soros Fund Management LLC serves as advisor to Quantum Group of Funds choosing Algorithmics' Algo Collateral to help manage risk. ;Macgregor and Global Securities Consulting Services form an alliance to create a solution for fund managers. ;Union Planters Corporation implements wealth-management solution from SunGard Wealth Management Solutions. ;Touchstone Investments chooses Brown Brothers Harriman as global custodian.
      • Pro Cap, LLC selects Web-based wealth-management platform from eMoney Advisor; Stifel, Nicolaus & Company selects Placemark Investment's TOTAL Overlay Portfolio Management Services to help its investment executives; New compliance and portfolio management solution develops to interface Eagle Investment Systems and Charles River Development.
      • Though far behind equities, investment-management firms are starting to bring greater automation and efficiency to their fixed-income trading.
      • Luminary Capital Management chooses FNX technology solution Sierra Treasury. ;Horace Mann Educators Corporation Financial advisors select SunGard Planning Station on 700 advisor desktops. ;Linedata Services buys front-office technology from Thomson Financial.
      • * Oliver, Wyman & Company merges with Mercer Inc. to form Mercer Oliver Wyman. * Sector Inc. launches e-mail archiving solution, enables broker/dealers to comply with SEC Rule 17a-4. * Fitch Risk acquires IC2 First database from Zurich Financial Services Group

Thought Leaders

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