2203 Results from /wholesale, 2002
/wholesale
ADP Brokerage's Investor Communication Services (ADP ICS) division has appointed Simon Hughes director of sales and marketing for Europe.
16 December 2002
N M Rothschild & Sons and Bank of Butterfield (Guernsey), have implemented BM+ RECS, Idom's solution for automated reconciliation and exception processing in their offshore banking operations.
JPMorgan has launched an Internet-based platform for investors and brokers to exchange ADR and ordinary share positions.
13 December 2002
CGI Group has signed a 10-year, C$200 million payroll outsourcing contract extension with Desjardins, and entered an agreement with the Canadian bank to offer electronic payroll processing services to third party organisations.
EDB Teamco is to take over responsibility from Telenor for managing the network and operation of NT servers and workstations for 6000 desktops at Norway's DnB Bank.
COR Risk Solutions (COR-RS), a UK-based provider of portfolio analytical software, has appointed Rene Robillard to the post of business development director for North America.
Lehman Brothers is to offer RiskManager, the Web-enabled market risk measurement tool from RiskMetrics, to its global prime brokerage clients.
Risk technology vendor Barra has acquired neighbouring Berkeley, Caliornia-based analytics outfit Financial Engineering Associates for $21.5 million in cash.
Bank of America has signed a $4.5 billion managed network outsourcing services agreement with EDS.
Dow Jones Newswires has released a test service for Dow Jones NewsPlus, its XML feed for market-data vendors. Thomson Financial is the first to sign up and will integrate the service into its new open desktop application Thomson One.
Patsystems, a UK-based supplier of software for derivatives trading, is to move from the Official List to AIM and return £9.9 million in surplus cash to shareholders.
12 December 2002
Dublin-based CRM and risk technology vendor Norkom Technologies has finalised funding worth €3.1 million from existing shareholders, including lead investor Trinity Venture Capital. The company has also signed five deals worth over €5 million with firms in Europe and the US.
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