Management
- Finance
GAM calls time on supply chain finance fund linked to Greensill
GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — the…
Read More » - Finance
New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
Read More » - Finance
Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
Read More » - Finance
M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
Read More » - Finance
JPMorgan to opt for ‘carrots and sticks’ approach to vaccine, says CEO Jamie Dimon
JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the…
Read More » - Finance
Execs at City watchdog FCA face pay cuts amid fallout from LCF collapse
The City watchdog’s executive committee members face pay and bonus cuts as part of the fallout from the collapse of…
Read More » - Finance
Goldman Sachs asset management co-head Lane to step down
Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to…
Read More » - Finance
Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season
HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender…
Read More » - Finance
JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
Read More » - Finance
Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
Read More » - Finance
Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
Read More » - Finance
St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
Read More » - Finance
HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
Read More » - Finance
KPMG fires starting gun on chief executive election post Bill Michael exit
KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…
Read More » - Finance
Former HSBC chief operating officer joins London regtech board
The chair of the global banking unit at Boston Consulting Group in London has joined regulatory technology firm Napier as…
Read More » - Finance
Investing heavyweights managing $21tn see FOMO driving bitcoin to $100k by year-end
Some of the world’s largest investors have indicated bitcoin is in bubble territory, with almost 30% predicting frenzied speculation will…
Read More » - Finance
Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
Read More » - Finance
HSBC’s top investment banker bonuses fall by 11% as job cuts take hold
HSBC cut bonuses to its top investment bankers by 11% last year, but nearly doubled redundancy payouts for executives in the…
Read More » - Market
Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000
He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base annual pay to $70,000…
Read More » - Finance
Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
Read More » - Finance
Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
Read More » - Finance
Former Fidessa chair joins PwC spin-out
John Hamer, the former chief executive and chairman of trading software giant Fidessa, has joined LikeZero as the fintech firm’s new chair. LikeZero,…
Read More » - Finance
Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
Read More » - Finance
HSBC shakes up regional bosses amid push to Asia
HSBC has named a series of new senior leaders of its businesses in Europe, the US and the Middle East…
Read More » - Finance
JPMorgan hires Linklaters star partner Charlie Jacobs as UK investment banking co-head
Charlie Jacobs, the senior partner of Magic Circle law firm Linklaters, is joining JPMorgan as co-head of UK investment banking,…
Read More » - Finance
Treasury Committee chair urges FCA to provide end date for Woodford probe
The British parliament’s influential Treasury Committee has called on the UK’s finance watchdog to clarify when it expects to conclude…
Read More » - Finance
Paul Myners joins chorus of critics slamming Woodford probe ‘lethargy’
Paul Myners, the former City minister, has joined the growing chorus of voices calling for an independent inquiry into the…
Read More » - Finance
HSBC does not need to hand over documents to Huawei, London court rules
HSBC does not need to hand over banking documents requested by Huawei chief financial officer Meng Wanzhou as part of…
Read More »