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...He added that the scandals put “not only TIC’s management and board, but also [Toyota Motor’s] management and board, on notice that Toyota Group is no longer exempt from following guidelines designed to...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
...Apparently, Apollo Global Management has other priorities....
...Morgan Stanley is planning to cut hundreds of jobs at its wealth management business in the first major action under new chief executive Ted Pick, said a person familiar with the matter....
...De Ferrari had been serving as a senior adviser to Iqbal Khan, the head of UBS’s wealth management business, since last summer....
...TCI and Pershing Square are the youngest funds on the list, competing with older groups such as Millennium and Citadel, which were founded in 1989 and 1990 respectively....
...“UBS continues to be seen and valued like a conventional European bank, despite being the largest global wealth manager and deriving around 60 per cent of its revenues from wealth and asset management,”...
...media groups....
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...All three groups declined to comment....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
...The ecommerce group’s deal comes as part of a restructuring for Diamond Sports Group, which is aiming to leave bankruptcy protection; its collapse sparked a media rights crisis that spooked US sport....
...Saudi Arabia has transferred a $163bn stake in national oil group Aramco to its sovereign wealth fund as the once conservative state investment group seeks to grow its assets to fund projects to modernise...
...The Houthi rebel group claimed responsibility for the attack on Wednesday evening local time....
...The founders and top executives at groups such as Blackstone, KKR and Apollo Global Management have enjoyed a more than $40bn increase in the value of their shares since the beginning of last year, as the...
...Net new business of £23.1bn from wealth management, private markets and solutions was offset by outflows of £13.4bn from mutual funds and institutional mandates....
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...At a conference held by UOB Asset Management in March, Colin Ng, head of Asia equities for the financial services group, called Indonesia, a “sitting jackpot”....
...Now, a lot of that focus is on the wealth management business. And increasingly, the wealth management business accounts for about half the total group’s profits....
...But another crucial change has been improved liquidity, thanks to a raft of new open-ended funds launched by large alternative investment managers like Blackstone, Ares Management, and Apollo Global Management...
...When Solomon publicly threw in the towel on the consumer business in 2022, he prioritised wealth and asset management....
...“Technology does not change human behaviour overnight, and tokenisation cannot guarantee liquidity or create markets out of thin air,” says Tim Bevan, founder and CEO of ETF provider ETC Group....
...The most venerable star in this week’s issue is Lombard Odier, the global wealth and asset management group founded in Geneva in 1796....
...The number of complaints received by St James’s Place Wealth Management, which is responsible for the advice and service provided by the group’s advice firms, more than doubled in the second half of last...
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