INCLUDING: US - State Street acquires FinancialSockets; HONG KONG - LaSalle appoints CEO; UK - Research Oracle launched
State Street Corporation has expanded its commission management service offering, following the acquisition of FinancialSockets. The company said it could now provide a complete, end-to-end solution that enabled customers to better manage commission flows, address regulatory reporting requirements and administer commission sharing arrangements. FinancialSockets provides global commission management to asset management firms.
HONG KONG - LaSalle appoints CEO
Todd Canter has been appointed CEO of LaSalle Investment Management (Securities) Asia Pacific, the firm's securities investment management division for pension funds, institutional and retail investors around the globe. Jack Chandler remains regional CEO for LaSalle Investment Management Asia Pacific. Canter was previously based in Baltimore as international director for LaSalle Investment Management (Securities).
UK - Research Oracle launched
IIR Group plc, a provider of impartial research and strategy for global equities and currencies, has launched The Research Oracle tool. The tool is available to institutional and private investors alike and provides institutional-grade research analysis on 400 top global stocks free of charge. The service, which is already used by seven of the world's largest investment banks, is being made available as the result its online advertising model. It is available at www.researchoracle.com.
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).