BNY Mellon awarded global custody mandate for Fortune SG Fund Management Co. Ltd’s latest QDII Fund

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22nd February 2012

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Deutsche Börse expands its global network

As part of the planned introduction of the new Eurex trading system in December 2012, Deutsche Börse Group will be gradually expanding its global network in the next few months. The financial centres... Read more..

Societe Generale Securities Services appoints Dirk Werthmann as Senior Relationship Manager for Germany

Societe Generale Securities Services (SGSS) has appointed Dirk Werthmann as Senior Relationship Manager for Germany. He reports to Jochen Meyers, Managing Director for Sales and Relationship Management... Read more..

Standard Chartered announces launch of Securities Services business in Cote d’Ivoire

Bank expands custody services to cover the West African Economic and Monetary Union region Standard Chartered Bank has launched Securities Services in Cote d’Ivoire, expanding the Bank’s existing... Read more..

Eurogroup endorses 2nd bailout package for Greece Key parameters and conditionality (February 21, 2012)

Focus Greece: Eurogroup endorses 2nd bailout package for Greece Key parameters and conditionality • Eurogroup endorses 2nd bailout package for Greece
• ... Read more..

Eurex to introduce new trading system in Q4 2012

Eurex has announced that its plan to launch a completely new trading system. Subject to the required legal approvals, first roll-out is currently scheduled for December 2012, followed by a migration phase,... Read more..

European Commission blocks merger between Deutsche Börse and NYSE Euronext

The European Commission has announced that it is prohibiting the planned merger between Deutsche Börse AG and NYSE Euronext because, based on its definition of the market for derivatives trading, it considers... Read more..

Strong operating performance for Euroclear in 2011

Euroclear clients settled transactions valued at a record EUR 580 trillion and deposited an unprecedented EUR 22 trillion of assets for safekeeping and asset servicing with the Euroclear group national... Read more..

BNY Mellon launches automated loan administration service for hedge fund clients

BNY Mellon has announced that it has enhanced its loan administration functionality to offer hedge funds and fund of hedge fund clients an automated solution with increased transparency. The service will... Read more..

HSBC Securities Services launches third-party clearing service in Japan

HSBC Securities Services is pleased to announce the launch of its Third-Party Clearing service in Japan. Local and cross-border broker dealers will be able to outsource their securities back-office operations... Read more..

NSD securities turnover and cash accounts turnover grow up to record RUB95.9 trillion and RUB239.6 trillion respectively for 2011

National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has summed up its operating results for 2011. NSD's... Read more..

Societe Generale Securities services appoints Jeanne Duvoux as CEO and Managing Director of SGSS in Italy

Societe Generale Securities Services (SGSS) has appointed Jeanne Duvoux as CEO and Managing Director of SGSS in Italy (SGSS S.p.A). She reports to Bruno Prigent, Global Head of SGSS. Her appointment is... Read more..

Northern Trust appoints Olivier Noel as deputy managing director Luxembourg Management Company

Northern Trust has appointed Olivier Noel as deputy managing director of its Luxembourg Management Company, the entity which provides fund administration services to Northern Trust clients. Noel, who... Read more..

Mandate Wins

SEB appoints KNEIP for the roll out of their KIIDs

KNEIP has announced it has completed the production and dissemination of the Key Investor Information Documents (KIIDs) as well as the regulatory filing for Skandinaviska Enskilda Banken AB Publ (“SEB”).... Read more..

Societe Generale securities services in Italy mandated by BSI Wealth & Family SIM S.p.A.

Societe Generale Securities Services in Italy (SGSS S.p.A.) has been appointed by BSI Wealth & Family SIM S.p.A. (BSI SIM) to provide personalised custody and settlement services. SGSS was retained... Read more..

Northern Trust to provide fund administration services to LGIM Commodity Composite Source ETF

Northern Trust has announced that it has been selected to provide exchange traded fund (ETF) administration services to the LGIM Commodity Composite Source ETF, launched earlier this month by leading ETF... Read more..

SGSS Russia (Rosbank) appointed by Fleming Family & Partners Asset Management to provide custody and fund services

Societe Generale Securities Services Russia (ROSBANK) has been appointed by Fleming Family & Partners Asset Management to act as Custodian (Depositary) and Investment Funds Trustee (Specialized Depositary). SGSS... Read more..

BNY Mellon to provide mutual fund services to Touchstone Investments

Mandate includes fund accounting and administration, transfer agency and blue sky services BNY Mellon Asset Servicing has been selected by Touchstone Investments to provide mutual fund accounting and... Read more..

BNY Mellon awarded global custody mandate for Fortune SG Fund Management Co. Ltd’s latest QDII Fund

BNY Mellon has been selected by China Construction Bank (“CCB”) as the global custodian for a new qualified domestic institutional investor (“QDII”) fund in China launched by Fortune SG Fund Management... Read more..

Gulf Capital awards private equity fund administration contract to J.P. Morgan

J.P. Morgan’s Worldwide Securities Services has to announced that it has been appointed by Gulf Capital Equity Fund Associates to provide private equity fund administration services to the GC Equity... Read more..

Societe Generale Securities Services mandated by Banco Cooperativo in Spain

Societe Generale Securities Services (SGSS) has been mandated by Banco Cooperativo to provide independent valuation services for their structured products. SGSS was retained by Banco Cooperativo for its... Read more..

BM&FBovespa selects Calypso to register and clear OTC derivatives

- New Calypso platform is one of the world’s most complete OTC derivatives solutions Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing... Read more..

BBVA Asset Management appoints BNY Mellon to provide Derivatives360 services

Suite of solutions for global assets valued at EUR23 billion BNY Mellon has been appointed by BBVA Asset Management (BBVA) to provide a comprehensive suite of solutions to BBVA’s EUR23 billion global... Read more..

BNY Mellon awarded global custody mandate for Fortune SG Fund Management Co. Ltd’s latest QDII Fund

Fortune SG is a joint venture between HWABAO TRUST Co., Ltd (a subsidiary of China's Baosteel Group) and Lyxor Asset Management (a subsidiary of Société Générale Group) and was one of the first joint ventures between a domestic Chinese trust company and a foreign asset management company. The new Fortune SG S&P Oil & Gas Exploration & Production Select Industry Index Fund is Fortune SG’s third QDII fund, and the second QDII fund which uses BNY Mellon as global custodian. BNY Mellon was selected as global custodian by CCB for the Fortune SG Overseas Growth Equity Fund in May 2008.

“This is the fifth global custody QDII mandate BNY Mellon has been awarded in 2011 to date which confirms that the solutions we are providing to China's asset managers remain at the forefront of the market,” said Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing. “To help support the continued growth of China’s funds industry, we will continue to invest in our Chinese technology platform to ensure we remain a strong partner to Chinese institutions.”