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Bond funds break own outflow record Wed, 19/06/2013 - 06:04

Going into mid-June EPFR Global-tracked bond funds set a new outflow record for the second week running as fears that US monetary policy will tighten in the second half of the year prompted more investors to head for the exits.

FirstRand group chief executive Sizwe Nxasana

Jersey based Ashburton to become part of South African parent’s new investment business

Tue, 18/06/2013 - 16:06

Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank. »

SS&C appoints Timothy Reilly as senior vice president, institutional outsourcing

Tue, 18/06/2013 - 16:02

SS&C Technologies has appointed Timothy Reilly as senior vice president of institutional outsourcing for its institutional services division. »

Kurt Woetzel, chief executive of global collateral services at BNY Mellon

BNY Mellon strengthens global collateral services team

Tue, 18/06/2013 - 14:23

BNY Mellon has made two new senior appointments to continue to drive the growth of its global collateral services (GCS) business. »

Tim Pynchon, high yield tax exempt portfolio manager, Oppenheimer

Tim Pynchon joins Oppenheimer as high yield tax exempt portfolio manager

Tue, 18/06/2013 - 12:10

Oppenheimer Asset Management has appointed Tim Pynchon as managing director – portfolio manager for high yield tax exempt funds. »

Markit acquires corporate actions validation service from DTCC

Tue, 18/06/2013 - 12:05

Markit, a financial information services company, has acquired the assets of Global Corporate Actions Validation Service, a provider of validated corporate actions data, from the Depository Trust & Clearing Corporation (DTCC). »