BOSTON -- State Street Global Advisors SSgA, the investment management arm of State Street Corporation (NYSE: STT) and the largest institutional fund manager in the world1, today announced that Gregory Zipoli and Christopher Logue have joined its Intermediary Business Group. Created in 2001, State Street's Intermediary Business Group provides unmatched...
The three possible cash bidders for Safeway are understood to have been approached by a mystery intermediary offering to sell them a substantial shareholding in the country's fourth largest supermarket group.The intermediary is thought to have contac The three possible cash bidders for Safeway are understood...
Will `online intermediary' Garden.com prove to be a flashy annual or a durable perennial? Will `online intermediary' Garden.com prove to be a flashy annual or a durable perennial?
Never before in the history of reinsurance has the role of the reinsurance intermediary been tested as it has over the last several years. The assistance of intermediaries is invaluable in this environment. Insurers are seeking coverage for the risks they face. The challenge to intermediaries is to analyze these...
Kasina, the e-business consulting firm, has named Invesco Perpetual as one of the top 10 European intermediary websites. Kasinas report, evaluating the intermediary e-business offerings of asset management companies across Europe, especially praised Kasina, the e-business consulting firm, has named Invesco Perpetual as one...
This article simplifies certain terminology referring to a transaction with more than one securities intermediary. First, the term "investors" generally deemed to include not only investors but also intermediaries that have rights in securities held by other intermediaries. It also refers to holder of an interest in securities through an...
BOSTON & LONDON -- State Street Global Advisors SSgA, the investment management arm of State Street Corporation (NYSE: STT), today announced a series of organizational changes aimed at advancing its sales and client infrastructure in Europe and sales efforts in the U.S. Intermediary market.
CHICAGO, May 8 /PRNewswire-FirstCall/ -- Aon Re Global, the world's largest provider of reinsurance brokerage and capital solutions and a unit of Aon Corporation , today announced it has acquired Peruvian reinsurance intermediary Cosegur Re, offering clients in Peru greater access to worldwide reinsurance markets and Aon Re Global's...
Scott Hyden has been named general manager of Travelweb LLC, the hotel company-based intermediary. Hyden comes to the Travelweb consortium from American Airlines, where he was managing director of product management and interactive marketing Scott Hyden has...
WASHINGTON -- President and CEO, Michael Halloran of Nationwide Exchange Services NES, a leading Qualified Intermediary for 1031 tax-deferred exchanges, will testify before Congress on Tuesday July 25, 2006 at the invitation of the House Committee on Small Business on a Proposed IRS Rule that would limit investor choice and...
HBOS sounded a battle cry after executing a management shake-up to win more intermediary business. HBOS sounded a battle cry after executing a management shake-up to win more intermediary business.
London-based insurance brokerage Willis Group Holdings Ltd. has agreed to acquire Copenhagen, Denmark-based reinsurance intermediary Kirecon A/S. Terms were not disclosed. Kirecon has annual revenues of about $3 million, sources said. Willis' reinsur London-based insurance brokerage Willis Group Holdings Ltd. has agreed to acquire Copenhagen,...
Byline: Rick Miller CHICAGO - To compete better in the intermediary market, Lipper Inc. in New York has forged a deal with an automated-text-generation firm to produce new mutual fund reports for advisers and their clients. ...
Arthur J. Gallagher & Co.'s acquisition of reinsurance intermediary John P. Woods Co. gives the Itasca-based insurance broker a beachhead in a growing market. Woods will be Gallagher's ``cornerstone or the hub of building that particular niche,' Arthur J. Gallagher & Co.'s acquisition of reinsurance...
COMMISSION should be taken out providers' hands and put into the hands of the intermediary, according to the Consumers' Association. COMMISSION should be taken out providers' hands and put into the hands of the intermediary, according to the Consumers' Association.
NORWICH Union has sought to reassure advisers that it has no plans to take its intermediary support call centre operation overseas. NORWICH Union has sought to reassure advisers that it has no plans to take its intermediary support call centre operation overseas.
DENVER -- Janus Capital Group Inc. (NYSE: JNS) today announced that effective November 7, 2007, veteran portfolio manager Marc Pinto will manage Janus Growth and Income Fund and its related products for intermediary and institutional clients. In addition, Director of Research Jim Goff and Janus' research analyst team will manage...
This paper proposes a model for analyzing an intermediary's incentives to increase the search costs incurred by consumers looking for sellers stores. First, we show that the quality of the search service offered to consumers is more likely to be degraded (i.e. the probability that consumers find their favorite store...
FINANCIAL ADVISER: According to one intermediary, the restructure was vital for the society to prevent it being "left behind or bought out". Was it a defensive move? FINANCIAL ADVISER: According to one intermediary, the restructure was vital for the society to prevent it being...
This paper analyzes dynamic equilibrium risk sharing contracts between profit-maximizing intermediaries and a large pool of ex-ante identical agents that face idiosyncratic income uncertainty that makes them heterogeneous ex-post. The paper considers the extreme scenario that the agents face no costs to walking away, and can sign up with any...
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