Hints and tips:
...Attention now turns to how Sternfels will respond to complaints that he has concentrated decision-making in too few hands and has run McKinsey more like a corporation than the collegial partnership of old...
...Among multinational corporations, the talk is of “decoupling” and “de-risking” from China amid trade restrictions and Beijing’s strict new anti-espionage laws on the use of data....
...Penni Roll, chief financial officer of Ares Management’s credit group and Ares Capital Corporation, is stepping down and will remain on as a senior leader....
...You do not have to be a diversity vigilante, however, to notice that Pick looks like a younger version of James Gorman, whom he will succeed as chief executive....
...One big job move to start: Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming...
...Ares Management Corporation has promoted Zahir Khan to managing director and head of Middle East relationship management. He has relocated from London to Dubai for the role....
...The listing of Digital World Acquisition Corporation got lost in the noise during the boom years, mostly for lack of a big name attached to the Spac....
...Wang has already spearheaded a partnership with state-backed investment bank China International Capital Corporation to create a $1bn fund to invest in local start-ups....
...Shell has appointed Sinead Gorman its new finance chief and a board member....
...Trump put dozens of Chinese companies on the entity list, including Huawei, the telecoms equipment manufacturer, and Semiconductor Manufacturing International Corporation....
...Morgan Stanley shake-up Chief executive James Gorman kicked off a succession battle with a string of leadership changes at the US bank, including the promotion of two top deputies, Ted Pick and Andy Saperstein...
...Ryan also serves as a board member of the Fox Corporation. Smart reads Financial flourish DD thinks of itself as the best newsletter in global finance....
...There was no sign of Gorman. Eventually they asked the hotel management to check his room. Gorman had died in the night....
...We revealed recently that Gorman beat JPMorgan Chase to the Eaton Vance deal....
...Morgan Stanley boss James Gorman last week said there was no reason why banks like his that are earning more than their dividends should have to halt payments....
...The Federal Deposit Insurance Corporation said it is monitoring US banks’ dividend policies after they declared payouts totalling almost twice their earnings in the first quarter, eroding capital cushions...
...Lex said Morgan Stanley boss James Gorman, pictured below, deserves the credit for putting the bank on a stronger footing. Welcome to the Due Diligence briefing from the Financial Times....
...“The platforms have taken a more aggressive approach to this crisis than they have to taking down political disinformation,” said Lindsay Gorman, a fellow at the Alliance for Securing Democracy, a transatlantic...
...(FT) FDIC monitors banks’ dividend payments The Federal Deposit Insurance Corporation said it was looking at banks’ dividends after payouts in the first quarter exceeded earnings....
...James Gorman, Morgan Stanley’s chief executive, challenged him to a rowing fitness contest, after the fund took a stake in the bank....
...The midtown Manhattan-based investment bank run by James Gorman suffered a 23 per cent drop in advisory revenues in the first half of the year, pulling in $912m in the period....
...Rudolph Kalveks London SW7, UK Letter in response to this letter: UK taxation and a false equivalence / From Peter Gorman, Dublin, Ireland...
...Sharp and engaging, Mr Pick played a lead role in arranging injections of capital during the crisis from China Investment Corporation and from Mitsubishi UFJ Financial Group....
...Both billionaires have rejected the report by Fairfax and the Australian Broadcasting Corporation....
...Smart reads How Morgan Stanley got its groove back A deep dive into how Jamie Gorman brought the US bank back....
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