Special Program Root Tag

The Depository Trust & Clearing Corporation (DTCC) said Tuesday it will launch Loan/SERV, a new and evolving suite of services to help automate and streamline the processing of syndicated commercial loans.

Frank Waltman has joined Prudential Retirement as head of the organization’s Investment Products team.

Rebecca Ades joins AXA Equitable Life Insurance Co. as vice president of Institutional Sales for Corporate Markets, according to a release.

Swiss private bank Julius Baer Holdings on Tuesday said it is preparing an initial public offering for sometime this year for its U.S.-based mutual funds unit.

Prudential Retirement announced today that it has entered into an external partner distribution agreement with The Newport Group to offer Prudential IncomeFlex, Prudential’s 401(k) retirement income solution. Under the terms of the agreement, Newport, a leading retirement services and investment advisory firm, will provide fully integrated access to IncomeFlex to its new and existing clients.

Prudential Fixed Income Management announced today that Michael Lillard has been appointed Chief Investment Officer, responsible for overseeing all portfolio management and trading across the firm. Additionally, the firm has named fixed income veteran Arvind Rajan its new head of Quantitative Research and Risk Management.

On Monday, Fidelity Investments announced total brokerage client assets had reached a record $1.99 trillion in the fourth quarter, a 17% increase from a year ago.

A record 15,594 new equity trade ideas were entered into the Repository and Distribution Centre in January 2008, up 152% from 6,191 ideas entered last January.

Capital Financial Group’s H. Beck Inc. has partnered with FundQuest Inc. to launch a new managed account platform to handle mutual funds, separate accounts, and unified managed accounts.

Japan Looks to Overhaul Financial Regulations

Kenyon Switches From Goodwin to Dechert

A Meeting of the Minds: Retirement Income Roundtable At SourceMedia New York Headquarters on Jan. 28, 2008

Delegating key business operations to third-party providers such as custodians, administrators, distributors and transfer agents is certainly not new to asset managers. It is a traditional investment management business model which has been refined over the years with increasing third-party interaction.

Shortly before the Apollo 13 moon mission was to launch, the command module pilot, Ken Mattingly, was exposed to the German measles and pulled from the flight crew.

MIAMI-The best way to shape the back office's response to the Merrill Lynch Rule was addressed in a presentation last month by Dr. Stephen Winks at the National Investment Company Service Association's 7th Annual Managed Accounts Technology and Operations Conference, recently held here at the Doral Golf Resort and Spa. And it's all about becoming as nimble as the front office.

Ramifications from the Pension Protection Act's effect on investor inertia, changes to Rule 12b-1's regulation of expenses and a possible mandate by the Securities and Exchange Commission on independent directors are among the top concerns of the mutual fund industry's top executives.

Seeing how the biggest story of 2007 was the subprime crisis, which only a few canny hedge fund managers foresaw, let's take a look ahead to potential news headlines for 2008. Who knows, we might even be as canny as the best of them.

The huge burden of meeting new Internal Revenue Service retirement plan regulations just got a lot easier.

The Certified Financial Planner Board of Standards has raised the ethical standard guidelines for the 55,000 planners in the nation with CFP credentials, in order for investors to get better help in selecting among increasingly complex financial choices.

Standard & Poor’s announced it would take 27 new steps to improve consumer confidence in credit ratings.