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...US watchdogs have said capital requirements for global systemically important banks (G-Sibs) would rise by an average of 19 per cent under the proposals....
...Things I enjoyed this week Laura Noonan and Owen Walker wrote an engaging FT Magazine piece on UBS chair Colm Kelleher....
...“Beyond Repair” by 85-year-old, Cambridgeshire-based potter Elspeth Owen brings together clay elements that will disintegrate during the six weeks of the biennial....
...“People’s concerns about whether it’s the right thing to do definitely come closer to the surface when they’re underperforming,” says Iain Barnes, chief investment officer at wealth manager Netwealth....
...company AllianceBernstein’s for more than a year now, he told the FT’s Owen Walker....
...This is the last year that M&G Investments will be the headline sponsor, after 11 years at the helm....
...Earlier this week, ISS criticised British Airways owner IAG’s decision to award outgoing chief executive Willie Walsh a bonus of more than £800,000....
...Diesel chief executive Massimo Piombini seems genuinely surprised by the response to the launch of Diesel Second Hand....
...Job moves Bill Stromberg is retiring as chief executive of T Rowe Price after 35 years. He is set to be replaced by Rob Sharps, who is currently chief investment officer....
...“We found office space for everyone — it just looks a lot like their sitting room,” said Dan Frumkin, Metro Bank’s chief executive....
...Meanwhile, his group has been hit with applications for winding-up orders from creditors, DD’s Kaye Wiggins, Rob, and the FT’s Owen Walker and Stephen Morris reported....
...This included a bonus of £883,000 for IAG boss Willie Walsh. It is the second year in a row Ryanair has faced protests from shareholders....
...Slick Willie might equally have been describing why investment groups are charging into wealth management....
...John Foley, the chief executive of M&G, argued some choppiness was inevitable....
...The high-profile suspension last year of an M&G property fund, which had more than £2bn in assets, and Neil Woodford’s failed Woodford Equity Income fund, which had more than £3bn, drew regulatory scrutiny...
...But Jon Moeller, P&G chief financial officer, argued the crisis was leading consumers to reappraise the value of trusted brands....
...Big asset managers turning to Luxembourg include M&G, Janus Henderson, Fidelity, Columbia Threadneedle and the asset management arm of UK insurer Prudential....
...M&G chief executive John Foley said earlier this year that the group was reviewing its value house style, which underpins its former blockbuster Recovery fund....
...Anne Richards, former M&G chief executive, wrestled with divisions between the fixed income and equities teams....
...When he does so at the end of the month, he will be replaced by Simon Pilcher, the former head of fixed income at M&G Investments....
...UK property funds from the likes of M&G, Aviva Investors and Standard Life closed for several months when investors headed for the exits, spooked by the prospect of falling values following the British electorate...
...Standard Life Aberdeen suffered a rare rebuke at the hands of other UK active fund managers over executive pay at its annual meeting, including top 10 shareholders M&G and Jupiter....
...Ms Richards missed out on the job of chief executive of M&G Prudential when the two businesses combined in 2017, and became Mr Foley’s deputy....
.... — Kalidas Madhavpeddi, former chief executive, Phoenix, Arizona, US Mayfair power brews In Mayfair, The Connaught hotel: this is the real power breakfast....
...This week M&G announced that Jack Daniels had been drafted in to a new role of chief investment officer, having been in a similar position at Prudential UK and as treasurer at Prudential Group....
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