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Illinois pension fund adds Deutsche for sec lending
15 May 2012 Illinois
Reporter: Georgina Lavers

The State Universities Retirement System Board of Trustees (SURS) voted on 26 April 26 to retain Northern Trust as provider of custodial services for the organisation...

Boom in brokerage for Mizuho
15 May 2012 Tokyo
Reporter: Georgina Lavers

Japanese bank Mizuho has beat out analyst estimates to foretell 500 billion yen ($6.3 billion) in net income for the year ending March 2013...

BNP Paribas prime brokerage head resigns
15 May 2012 New York
Reporter: Georgina Lavers

Global head of prime brokerage sales at BNP Paribas, Samuel Hocking, has left the bank. Formerly working in the prime brokerage division of Bank of America, Hocking resigned for personal reasons...

Fundtech releases liquidity and risk management solution
14 May 2012 New Jersey
Reporter: Mark Dugdale

Financial technology provider Fundtech has launched a global liquidity and risk management solution that will help banks with measuring, managing and using their cash and collateral...

Parker lifted from Temenos to Rule Financial
14 May 2012 London
Reporter: Georgina Lavers

Pauline Parker has joined as head of Rule Financial’s application managed services division...

Deutsche Bank forces coffee mogul Stiller to sell
14 May 2012 Vermont
Reporter: Georgina Lavers

Company founder of Green Mountain Coffee Roasters Robert Stiller was forced by his bankers to sell $125.5 million of stock after borrowing against his own shares...

Hong Kong stock exchange tightens short selling rules
14 May 2012 Hong Kong
Reporter: Mark Dugdale

The Stock Exchange of Hong Kong has amended the rules that regulate the short selling of designated securities after it conducted a review earlier this year...

FINRA bags new chief legal officer
11 May 2012 Washington, DC
Reporter: Mark Dugdale

US independent regulator the Financial Industry Regulatory Authority has hired Robert Colby as its chief legal officer, while general counsels Grant Callery and Marc Menchel are set to depart...

Markit continues expansion with Cadis purchase
11 May 2012 London and New York
Reporter: Mark Dugdale

Financial information services company Markit has agreed to purchase Cadis, an enterprise data management provider. The deal follows Markit’s acquisition of securities lending data provider Data Explorers in April...

Clearstream announces April 2012 GSF figures
11 May 2012 Frankfurt
Reporter: Mark Dugdale

Post-trading services provider Clearstream of the Deutsche Börse Group has released its April 2012 global securities financing (GSF) services figures. For GSF services, the monthly average outstanding reached €570.7 billion...

HSBC gives Melvyn Ford a new role
10 May 2012 Hong Kong
Reporter: Mark Dugdale

HSBC Holdings PLC has named Melvyn Ford as head of prime services in Asia...

Scrabbling for collateral
10 May 2012 New York
Reporter: Georgina Lavers

Moody’s are considering industry-wide downgrades, with Morgan Stanley taking a potential $9.6 billion hit. After US financial stocks fell, the bank stated that counterparties may call $7.21 billion in additional collateral...