Hints and tips:
...Flynn will retain another role as co-head of private wealth management, and succeeds Kim Posnett....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends....
...Adding to its woes, US prosecutors last month charged a former employee and two of his associates with insider trading....
...Carson had worked at Delta Air Lines, Microsoft and Apple. None had Walmart’s scale. “Right now,” he says, “we have the corporate world’s largest skilling ecosystem.”...
...“A lot of this stuff that’s happening right now around the metaverse — that is very much just branding and making a splash,” said Mikkel Krenchel, partner at consultancy Red Associates....
...“Being at Citi is a huge mistake,” one associate wrote, anonymously....
...that mimics an index, like the S&P 500, while including specific tilts such as ESG, rebalancing between winners and losers and also reducing tax exposure,” said Tom O’Shea, research director at Cerulli Associates...
...Tancredi Cordero, head of investment advisory boutique Kuros Associates, said many of his clients were still buying equities “because the alternatives are poor”....
...who are able and comfortable to continue to work from our offices, while providing continued flexibility to work from home for those who like or need it,” the asset manager said in a memo sent by senior management...
...In 1971, Nutting Associates’ Computer Space — an arcade game built into a fibreglass cabinet and marketed with scantily dressed models — broke the dam....
...But the self-styled CEO whisperer, which advises big corporations like Coca-Cola, General Electric and Delta Air Lines, has just found a new top-priority client: itself....
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...Berkshire also trimmed its holding in JPMorgan Chase from 1.94 per cent to 1.88 per cent....
...But in the past two weeks, Delta has announced 17,000 early retirements and United sent furlough notices to 45 per cent of its US employees. Or look at the action of banks....
...JPMorgan Chase analyst Jamie Baker, in a recent note, said: “October 1 is likely to emerge as one of the darkest days in history for airline labour.”...
...The proportion of buybacks funded by corporate bonds was as much as a third in 2016 and 2017, according to research by JPMorgan Chase....
...Steve Cohen’s quant unit at Point72 Asset Management has also been hit, Bloomberg reported, and is down more than 20 per cent....
...A version of this article was first published by Nikkei Asia on October 6, 2020. ©2020 Nikkei Inc. All rights reserved....
...Tiger Global Management decided to cash out of the company led by chief executive Alex Karp, pictured....
...(FT) Holdout heroes Elliott Management, the king of holding out until it gets what it wants, scored itself a nice Christmas bonus....
...Since then, UBS and JPMorgan Chase have increased existing stakes to 51 per cent....
...You can catch a recording here in which Pamela Newkirk, author of Diversity, Inc, Claudia Romo Edelman, founder of We Are All Human, and Amanda Gerut, associate editor of FT sister publication Agenda, explain...
...Job moves JPMorgan Chase has hired Maja Torun from Citigroup to head up investment banking in France....
...Paul Jacobson, the longtime CFO of Delta Air Lines, is stepping down. The company has yet to name a replacement....
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