Copying and distributing are prohibited without permission of the publisher
News in brief
18 December 2007
Read more:
pension fund
hedge fund
Islamic finance
SunGard
ASTEC
Israel
repo
FSA
Target2
SunGard buys ASTEC
SunGard has acquired the ASTEC Group, a specialist research consultancy and provider of information products and analytics on securities finance. The cost of the acquisition was not disclosed. ASTEC will become part of SunGard's securities finance operations, within the company's capital markets and investment banking business. Ed Blount, founder of ASTEC, will continue to manage the business, reporting to Brian Traquair. The move by SunGard seems a logical extension to its business as the firm has not been involved in the data or analytical side of the business before. The deal has reportedly been a year in the works, instigated when SunGard approached ASTEC. SunGard says ASTEC will lose no staff and all existing ASTEC offices will stay put.
Citi taps Israel
Citi Markets & Banking has become the first major international lending agent to complete a securities lending transaction in Israeli securities. Citi worked with Israeli...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
