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Genpact buys Headstrong
07 April 2011 New York
Reporter: Ben Wilkie

Genpact has agreed to acquire Headstrong Corporation, a global provider of comprehensive consulting and IT services with a specialised focus in capital markets and healthcare, for $550 million...

Clearstream registers March increase
06 April 2011 Luxembourg
Reporter: Ben Wilkie

In March 2011, the value of assets under custody held on behalf of customers registered an increase of five per cent to €11.3 trillion (compared to €10.8 trillion in March 2010)...

McAuley joins BNY Mellon
06 April 2011 Boston
Reporter: Ben Wilkie

BNY Mellon Asset Servicing has named Michael McAuley to the newly created position of managing director, senior business strategist, for the Global Securities Lending Business...

SGX to relax securities lending rules
05 April 2011 Singapore
Reporter: Ben Wilkie

Singapore Exchange is to let market forces dictate the rate at which participants can borrow the securities of retail investors in a move that it says will increase liquidity...

J.P. Morgan wins MainePERS mandate
05 April 2011 New York
Reporter: Ben Wilkie

J.P. Morgan Worldwide Securities Services has been selected by the Maine Public Employees Retirement System (MainePERS) to provide services including securities lending for the State’s $10.5 billion in assets.

Salvation Army sues BNY Mellon
04 April 2011 New York
Reporter: Ben Wilkie

The Southern Division of the Salvation Army in the US has started legal proceedings against BNY Mellon following losses incurred as a result of its securities lending programme...

OCC increases volumes in March
04 April 2011 Chicago
Reporter: Ben Wilkie

Total volume at OCC reached 421,466,054 contracts in March, representing a 19 per cent increase over the March 2010 volume of 353,294,816 contracts.

Algorithmics publishes practitioners’ guide to Dodd-Frank
01 April 2011 Toronto
Reporter: Justin Lawson

Algorithmics’ risk and capital management experts today launched the first comprehensive review of the Wall Street Reform and Consumer Protection Act to help affected firms and their employees formulate action plans to meet the new regulations.

CalPERS appoints acting chief financial officer
01 April 2011 Sacramento
Reporter: Ben Wilkie

The California Public Employees’ Retirement System (CalPERS) has appointed Russell Fong as its acting chief financial officer (CFO), effective April 4...

Indonesia sees 40 per cent growth in SBL
30 March 2011 Jakarta
Reporter: Ben Wilkie

Securities lending and borrowing transactions have increased by over 40 per cent since the start of the year compared to the same period in 2010...

Reporting on Indian securities lent by FIIs discontinued
30 March 2011 Mumbai
Reporter: Ben Wilkie

The Securities and Exchange Board of India (SEBI) has announced that the reporting on Indian securities lent by FIIs to entities abroad will cease from today...

Securities finance platform BondLend expands into Canada
29 March 2011 Toronto
Reporter: Justin Lawson

BondLend, the fixed income securities finance platform has expanded into the Canadian market. Several clients including, CIBC Mellon, Northern Trust and State Street have incorporated the efficiencies of the platform into their daily businesses by...