The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the
BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that its fully disclosed correspondent clearing services were selected by IBIS Securities LLC. IBIS Securities LLC is a general securities broker dealer that specializes in the
London Clearing House (LCH) appointed David Pritchard and David Robins as non executive directors of the company. They will join the Board with effect from 26 November 2001. David Pritchard is currently Group Director, Wholesale and International Banking at Lloyds
According to local experts, reports that the Italian government was suspending withholding tax on coupon payments to foreign holders of BTPs were inaccurate. It seems reporters confused proposed reforms to the treatment of withholding taxes on equity dividends (which have
The Bank of New York announced today that it has been appointed as stock transfer agent, registrar and dividend disbursing and reinvestment agent by American Home Products Corporation (AHP), effective November 5, 2001. This appointment is an extension of the
Credit Suisse First Boston named Hector Sants to a newly created post of chief executive for Europe, a year after he joined as part of the firm's acquisition of Donaldson, Lufkin & Jenrette, Inc. CSFB appointed another DLJ veteran, Costas
SWIFT appointed Johan Kestens as Head of New Business Development and Member of the Executive Committee, effective December 3, 2001. He will also be lead executive for the SWIFT Board's "e" Committee. Kestens comes to SWIFT from Almanij, one of
Bank of Tokyo Mitsubishi (BOTM), long a dominant force in Japanese custodybut which had a challenging year in 2001, announced on 19 November the launch of an enhanced, SWIFT ISO 15022 compliant yen custody system. From January, the bank will
SunGard announced that its straight through processing solutions have garnered five SWIFTReady labels for the second consecutive year. SunGard's Omni IC and MINT solutions have achieved SWIFTReady Gold status, and intelliMATCH EP has acheived SWIFTReady gold status twice, Global Plus
Thomas Murray, the research based information, ratings and consultancy group and Global Custodian, the leading trade publication in the securities services industry, have agreed to work together with the aim of creating the most comprehensive and robust analysis of the