Susan Huang, former managing director and CIO of Chase Asset Management's U.S. Fixed Income division will be joining Schroder's U.S. Fixed Income division as product manager.



OppenheimerFunds will use WorldStreet's Net communications platform for its sell side communications. The platform allows for relationship specific prioritization.



Automatic Data Processing (ADP), a leader in electronic transactions processing and communications, will buy Avert, an online pre-employment screening company, in an $18 billion cash deal.



Ameritrade has introduced a new portfolio management tool that will allow clients access and viewing of multiple portfolios according to different variables such as P/E ratio. Ameritrade has also added extended trading.



Northern Trust will use Eagle's PACE and STAR portfolio management systems for its domestic and international portfolios.



Effective September 1, Oppenheimer will add 2% redemption fees to seven global and internation funds: Oppenheimer Developing Markets Fund, Oppenheimer Global Fund, Oppenheimer Global Growth and Income Fund, Oppenheimer International Growth Fund, Oppenheimer International Small Company Fund, Oppenheimer Europe Fund and Oppenheimer Quest Global Value Fund. 

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