NEWS
Dubai boost
Gulf insurer appoints BNY Mellon
Dubai based Gulf Reinsurance Limited has awarded BNY Mellon Asset Servicing a mandate to provide global custody, cash sweep fund and securities lending services.
More from Custody
New launch
KAS live with GCM service on Turquoise
KAS BANK, the Amsterdam headquartered securities services specialist, is live with its General Clearing Member (GCM) services for Turquoise, the pan-European alternative trading platform that began operations on Friday.
More from Market infrastructure
Gerard Quirke, Phoenix
Quirke joins Phoenix management team
Former Hermes COO and deputy CEO Gerard Quirke is joining the specialist fund administrator Phoenix Fund Services as a director.
More from Fund administrationEuroCCP goes live with Turquoise launch
RJD backs IPES MBO
BNY Mellon scores with Croatian custody win
Northern Trust secures new Legal & General mandate
Fortis Clearing offers new LIFFE connection
London pension fund renews State Street mandate
SEC beefs up AML compliance support
ROUNDTABLE DEBATE
The Ireland Funds Industry Roundtable 2008
Despite recent global market turbulence, the Irish Funds Industry faces a range of exciting new opportunities. ICFA assembled a pool of local industry experts to assess the next steps in the development of an exciting business
FEATURE
Homage to Catalonia
The annual Fund Forum event in Barcelona provided some serious food for thought as funds professionals grappled with the economic uncertainty facing their industry. JASON CONWAY reports
MANDATE OF THE MONTH
HSBC wins landmark India deal
The growing demand for fund services in the Indian market was highlighted last month by the news that ICICI Prudential was outsourcing the fund accounting for over 100 of its schemes to HSBC's Securities Services division.
The deal, encompassing around Rs.550bn ($13.6bn) in assets under management, is the largest and most complex third-party outsourcing project ever undertaken in the Indian funds industry, said HSBC.
Jayant Rikhye, HSBC's head of Institutional Fund Services in the Asia-Pacific, said the deal with ICICI was testament to the investment the bank has made in the Indian market.
"The Indian market has a unique and complex set of requirements in fund accounting. The successful implementation of this initiative demonstrates our ability to invest in the customisation of global solutions for the Indian market," said Rikhye.
