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Citi bags big Swedish hedge fund manager mandate


18 December 2012 Stockholm
Reporter: Mark Dugdale

Citi will provide prime brokerage, custody and depository services to the recently launched Carve fund from Sweden's largest hedge fund manager, Brummer & Partners...
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BNY Mellon promotes Keaney to CEO of Investment Services


17 December 2012 New York
Reporter: Jenna Jones

BNY Mellon has appointed Timothy Keaney as CEO of Investment Services as the firm aligns its asset servicing, corporate trust, depositary receipts, global markets, global collateral services, broker dealer services and Pershing businesses under his l
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BrokerTec and MTS release RepoFunds Rate


17 December 2012 London
Reporter: Mark Dugdale

A fixed income trading platform and an electronic trading venue have teamed up to launch the RepoFunds Rate daily repo index for eurozone sovereign bonds...
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SIX acquires Oslo Clearing


17 December 2012 Zurich
Reporter: Jenna Jones

SIX has agreed to purchase Oslo Clearing—which deals with CCP clearing of financial directives and securities lending products—from Oslo Børs...
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Wells Fargo settles with Sarasota over securities lending feud


17 December 2012 Sarasota
Reporter: Mark Dugdale

Wells Fargo will pay Sarasota County $23.75 million to settle claims that Wachovia Bank, which it acquired at the peak of the financial crisis, mismanaged the county’s securities lending portfolio between 2007 and 2008...
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Five ways for portfolio managers to cut costs


14 December 2012 London
Reporter: Georgina Lavers

A new paper from BNY Mellon in association with banking consultants Rule Financial examines the impact that a reform of the OTC derivatives markets will have on all users of those instruments...
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CME Clearing opts for BNY Mellon services


13 December 2012 London
Reporter: Jenna Jones

CME Clearing Europe has selected BNY Mellon to provide triparty collateral management services supporting the buy side, sell side and clearing houses...
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New role created for Alan Pace at Citi


12 December 2012 New York
Reporter: Georgina Lavers

In order to drive forward its prime finance business and create a fully integrated division, Citi has created a new role for Alan Pace...