Italy

ITALY - State Street Corporation has sealed its acquisition of the Italian division of its global securities services business which its purchased from Deutsche Bank in January.

ITALY - Italy's Byblos pension scheme, which covers the paperworks, graphics and publishing industries, is seeking managers for its e41m assets.

ITALY - Scottish Widows Investment Partnership has appointed Francesco Albano as new head of Italian business development as it looks to make inroads into the local market.

ITALY - Equity and derivatives exchange, Borsa Italiana, and ratings agency Standard & Poor's, have teamed up to launch the S&P/MIB Index.

ITALY - The first hedge fund indices representing the growing Italian market have been unveiled.

ITALY - Mellon Global Investments has bagged a E397m (US$437m) by the Sanpaolo IMI Group pension fund.

ITALY - The Bank of New York is to service Italy's recently unveiled first socially responsible exchange traded fund (ETFs).

ITALY - A new Ethical Index Euro ETF (Exchange Traded Fund) Bloomberg (B1ET IM) has started trading on the Italian Stock Exchange.

ITALY - Italian mutual funds assets are forecast to grow to E190bn by 2006.

ITALY - Scottish Widows Investment Partnership has launched its SRI products to the Italian institutional market following their success in Sweden.