Financial Services Industry
Industry: Email Alert RSS FeedIn brief: ABN Amro Mellon/CSAM/AXA/SSgA/IMS/Schroders.
Financial News, December, 2002
Gerling NCM, one of the world's largest credit insurance providers, has appointed ABN Amro Mellon Global Securities Services for a [euro]1.1bn ($1.1bn) global custody mandate.The firm was created a year ago through the consolidation of Gerling Credit Insurance Group NCM, to which ABN Amro already provided custody services. Gerling NCM is present in 41 countries and holds 25% of the credit insurance market, protecting world trade worth [euro]350bn. ABN Amro Mellon is a 50:50 joint marketing alliance between ABN Amro Bank and Mellon Financial Corporation, formalised in July this year.
CSAM reorganises income funds
Leigh Harrion, responsible for Credit Suisse Asset Management's Income managed funds, will be handing over some of his UK growth...
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