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Global outlook expands role of transfer agents

Global outlook expands role of transfer agents

20 September 2011

Tricia Riddell Globalisation of the funds industry has become an increasingly hot topic amongst transfer agents, with an escalating need to manage multiple currencies and multiple time zones. Global custody provision is not a new practice, and this model is extending rapidly to transfer agency service provision. As the sector consolidates its platforms, there is an increasing... MORE

New Zealand Financial Markets Conduct Bill

New Zealand Financial Markets Conduct Bill

1 September 2011

Tony Hannay On 9 August 2011 the New Zealand Ministry of Economic Development (MED) issued the draft Financial Markets Conduct Bill. In his press release the Commerce Minister, Simon Power, described the bill as a “once-in-a-generation opportunity to re-write our securities law”. Submissions on the proposed legislation are due to the MED by 6 September 2011, and the... MORE

Re-registration of assets: technology is key to a smooth transition

Re-registration of assets: technology is key to a smooth transition

12 August 2011

Tony Klim With the UK financial services industry set to embrace re-registration of assets across platforms by 2013, there are several challenges ahead over the next couple of years. The current re-registration process is complex and time-consuming and moving assets can take months. In addition, a number of providers will not transfer investments in-specie; meaning some investors... MORE

Client demand and regulatory change driving technology investment

Client demand and regulatory change driving technology investment

12 August 2011

Rebecca Norton The recent June 2011 PWC research paper entitled “Anticipating a new age in wealth management, Global Private Banking and Wealth Management Survey” highlights an interesting global shift in activity in terms of moving away from legacy IT systems. Survey respondents are “addressing operational inefficiencies caused by having legacy platforms and, for global players, the issue... MORE