Hints and tips:
...Okray served as the CFO of Eaton Corporation and succeeds Anastasiya Pasterick, who left the role after six months....
...Gorman has doubled down on wealth and asset management with the acquisitions in recent years of ETrade and Eaton Vance....
...“Certainly investors have been sceptical of this award,” said Brian Johnson, executive director of ISS Corporate Solutions, a corporate governance data provider....
...As part of investment group Eaton Vance, Parametric was acquired by investment bank Morgan Stanley last year in a deal that kickstarted a flurry of activity....
...Brian Nick, chief investment strategist at Nuveen, attributed the reversal to the Fed’s success this week in affirming its patient approach....
...Brian O’Reilly, head of market strategy at Mediolanum Asset Management, said the meeting would be the central focus for investors this week....
...The bank lost out to Morgan Stanley last year in the $7bn bidding war for US investment manager Eaton Vance....
...Brian Kleinhanzl, analyst at KBW, says JPMorgan, Bank of America, Wells Fargo and Goldman all have strategies to “develop these feeder systems for the wealth management businesses — they are all trying to...
...This came just weeks after Morgan Stanley bought Eaton Vance for $7bn, in part to get hold of its Parametric affiliate, with more than $300bn of customised client-specified portfolios....
...We revealed recently that Gorman beat JPMorgan Chase to the Eaton Vance deal....
...BlackRock’s recent acquisition of Aperio and Morgan Stanley’s purchase of Eaton Vance (and its subsidiaries Parametric and Calvert) suggest they agree that customisation is important — and are jumping in...
...Big deals have returned to the investment industry, with Morgan Stanley agreeing this week to pay $7bn for rival Eaton Vance and Franklin Templeton splashing $6.5bn to buy Legg Mason earlier this year....
...Mr Phillips joins the $252bn systematic investment arm of Eaton Vance, the US asset manager, from Russell Investments....
...Vicki Hollub, Occidental’s chief executive, and Warren Buffett shook hands on the deal after a “ninety minute” meeting orchestrated by Brian Moynihan, the chief executive of Bank of America....
...Dan Eaton, a business ethics lecturer at San Diego State University, said executives’ personal views were also a factor....
...“Companies are coming back to the market and finding eager buyers,” said Henry Peabody, a portfolio manager with Eaton Vance....
...Delaware Investments, Eaton Vance, Glenmede Funds, MetLife and William Blair are among the large fund houses to have quit the industry since 2008....
...“When a market gets fragmented, it’s difficult to match liquidity,” says Michael O’Brien, head of trading at Eaton Vance, a fund manager with $300bn of assets under management....
...brian.groom@ft.com...
...Manager Anthony Eaton aims to buy companies that have “pricing power” due to demand outstripping supply. So you are buying into the emerging market theme, but from a different angle....
...Eaton, which makes hydraulic equipment, gave a higher profit forecast than analysts had expected for this year....
...The fastest way to move from recession to recovery is for more decisions about the economy to be made at a local level,” said Margaret Eaton, who chairs the Local Government Association....
...With a combined market share of about 18 per cent, they would together usurp Eaton of the US as the second-biggest operator. That’s exactly why Emerson should put more money on the table....
...Eaton, a heat-resistant products maker, a short-time working subsidy – so far refused by the government – is crucial to aid smaller manufacturers....
...Reporting by Andrew Bolger, Chris Tighe, Andrew Bounds, Jonathan Guthrie, Bob Sherwood and Brian Groom...
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