MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 31, 2001 May 31, 2001 John Hancock Funds, in a cost-cutting maneuver, has decided to reduce from three to one the number of banks that offer its mutual fund accounting and custody banking services, according to The Boston Globe. BoNY is the bigger winner in the move. Investors Financial Services, State Street, and Brown Brothers Harriman -- all Boston-based and the three former alliances members -- all lost out on the deal. Also in The Globe, Fabio Innocenzi, ceo of Pioneer Global Asset Management, is stepping down. He is returning to his native Verona to work for a rival institution. Dario Frigerio will replace him. The firm is owned by UniCredito Italiano Group. Printed from: MFWire.com/story.asp?s=26733 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |