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BNY Mellon completes PNC acquisition
02 July 2010 New York
Reporter:

BNY Mellon has completed the acquisition of PNC's Global Investment Servicing business...

LAFPP submits custody RFI
01 July 2010 Los Angeles
Reporter:

The City of Los Angeles Fire & Police Pension Plan has submitted a RFI for master trust custodial banking services...

Collateral process, best practise
01 June 2010 New York
Reporter:

The Best Practices are the result of the collaborative efforts of a working group of buy-side and sell-side market participants, under the auspices of the ISDA Collateral Steering Committee.

In our defense - Premier GSL release statement
30 June 2010 Boston
Reporter:

Earlier today Premier Global Securities Lending released a statement announcing that Peter Economou, Paul Lynch, Suzanne Lee, Michael McAuley, William Locke, Oberon Knapp, Larry Albaugh and Michael Landolfini are joining the company as part of the ma

Through the ranks
30 June 2010 Toronto
Reporter:

Rob Ferguson, vice president, product and client service, global securities lending, and Robert Chiuch, vice president, head of trading, global securities lending, will share cross-functional responsibilities in replacing James Slater.

Citi snaps up David Martocci
30 June 2010 New York
Reporter:

David Martocci has been appointed managing director and global product manager of third party securities lending at Citi Global Transaction Services

Nemes Named
30 June 2010 London
Reporter:

Deutsche Bank has hired Anita Nemes as Global Head of Capital Introduction. She will spearhead the ongoing effort to provide hedge fund clients with access to institutional sources of capital, one of the most significant growth areas for hedge funds

Sebi eases reporting requirement for FIIs
29 June 2010 Press Trust of India
Reporter:

Market regulator SEBI today relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling. FIIs now have to disclose the information on a weekly basis instead of daily.

Wells Fargo and another law suit
29 June 2010 Sarasota
Reporter:

A USD40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, alleging improper investment advice with regard to the county's securities lending portfolio prior to the market crash in 2008. The case number is 2010 CA 006579NC.

State Street Appoints Bonn
29 June 2010 Boston
Reporter:

State Street recently announced the appointment of Executive Vice President Nicholas (Nick) Bonn, to head its securities finance business. Bonn, will report to David Puth, executive vice president and head of State Street's Global Markets business.

BNY Mellon wins Goldman Sachs mandate
28 June 2010 New York
Reporter:

BNY Mellon has been chosen by Goldman Sachs International (GSI) to provide a segregated sub-custody service to GSI's prime brokerage clients through Montague Place Custody Services (MPCS).

Louis Capital Markets Expansion
28 June 2010 London
Reporter:

Louis Capital Markets has appointed Deepak Lakhani to its global securities financing services team. He reports to Massimo Bertoni, the head of the desk.