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...It is also training board directors and executive teams who increasingly see it as a business priority....
...Harrison began his career at Schroders and then held roles at other asset managers including Newton Investment Management, JPMorgan Asset Management and Deutsche Asset Management....
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Bain & Company has picked the head of its European private equity advisory business to be its next global chief executive, as the consulting group deals with an industry slowdown and the fallout from a corruption...
...The business is one of the growth areas identified by chief executive Jane Fraser, along with other Wall Street rivals that view wealth management as a way to meet investor appetite for stable, fee-based...
...It’s amazing to think quite how recently private capital management was a pretty-much-nothing industry. Back in 2003, the entire sector’s AUM was less than $500bn....
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Client surveys Two online surveys were then conducted among about 2,000 senior executives who have used management consultancies in the past four years....
...lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment business Corinthia Global Management...
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...US companies have long been outliers in having their chief executives also serve as chairs of the board....
...“The entire equity fund management sector saw large outflows in 2023 and it is impossible for us to avoid that trend,” Smith, founder and chief executive of Fundsmith said in an emailed response....
...Teneo is also involved in executive succession and has a restructuring business. It follows a broader trend in professional services....
...Some businesses continued to struggle, including the wealth management division....
...Last month George Gatch, chief executive of JPMAM, said that globally it managed $160bn in active ETFs, a number it wanted to increase to $1tn within five years....
...More than 20 senior executives have defected to a brand new business set up by an Australian real estate veteran: Paul Weightman’s Corinthia Global Management....
...HSF was founded by music executive Merck Mercuriadis in 2018 to turn music rights into an asset class. He was HSM’s chief executive until February, when he became its chair....
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
...Growth in wealth management was a centrepiece of James Gorman’s tenure as chief executive, with the business growing to more than $5tn in assets, aided by the acquisitions of online trading platform ETrade...
...Investors pumped $65.6bn into active ETFs in the three months to the end of March — more than 50 per cent higher than the previous record of $41bn in the fourth quarter of 2023 — as assets under management...
...in years reflects a belief that the $10tn money manager must move faster to capture a wave of investment from clients who will be moving out of cash and seeking new products, according to analysts and executives...
...At the end of December, index funds and ETFs accounted for $6.6tn in assets under management, two-thirds of BlackRock’s $10tn in assets....
...But the mood among traditional asset management executives has hardly been celebratory of late given the gale of headwinds they face....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
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