Hints and tips:
...In 2020, the bank lost out to Morgan Stanley in the $7bn bidding war to buy US investment manager Eaton Vance....
...was a centrepiece of James Gorman’s tenure as chief executive, with the business growing to more than $5tn in assets, aided by the acquisitions of online trading platform ETrade and money manager Eaton Vance...
...Pick said the bank was not pursuing further deals, after its previous acquisitions such as ETrade and Eaton Vance....
...The deals were the purchases of online trading platform ETrade and money manager Eaton Vance....
...Gorman has suggested Morgan Stanley could find more opportunities outside the US, potentially by making further acquisitions following on from its deals for ETrade and Eaton Vance....
...Cyrus Vance was closing in on Donald Trump....
...Gorman revamped Morgan Stanley to focus on wealth and asset management, and crystallised his pivot with quick-fire deals for online trading platform ETrade and asset manager Eaton Vance....
...Investment management, which is Morgan Stanley’s smallest division but expanded recently through the acquisition of Eaton Vance, reported a rise in revenues of 14 per cent in the third quarter, to $1.3bn...
...be fast enough to make the division a genuine counterweight to the bank’s top-notch investment banking and trading businesses: Morgan Stanley supercharged its wealth strategy by buying ETrade and Eaton Vance...
...Recently, he worked on Morgan Stanley’s acquisitions of ETrade and Eaton Vance, two deals that have been central to its growth in asset and wealth management....
...They failed to bring it before Vance’s third and final term expired in January 2022....
...Gorman has doubled down on wealth and asset management with the acquisitions in recent years of ETrade and Eaton Vance....
...joshua.chaffin@ft.com...
...Simkowitz runs the smallest of Morgan Stanley’s three businesses — investment management makes up about 10 per cent of the bank’s revenues — but the bank’s recent purchase of Eaton Vance has given him a...
...In recent years, Gorman has grown Morgan Stanley’s money management operations with deals for ETrade and Eaton Vance, and he told analysts on Wednesday that “we’ll do more acquisitions”....
...jury’s vote upended recent speculation that Alvin Bragg, a first-term Manhattan district attorney, might be wobbling in his commitment to a divisive case launched four years ago by his predecessor, Cyrus Vance...
...Morgan Stanley acquired fund manager Parametric in 2021 through its $7bn acquisition of Eaton Vance. JPMorgan had also bid to buy Eaton Vance, the Financial Times has previously reported....
...But investment management, including Eaton Vance following Morgan Stanley’s acquisition of the money manager in 2021, was hit by falling markets that cut assets under management....
...Gorman helped reshape the bank through a string of wealth acquisitions including online brokerage ETrade Financial in 2020 and asset manager Eaton Vance in 2021....
...While Better has cut costs by reducing headcount and promised to remain diligent about spending — with the company’s non-executive chair Harit Talwar telling DD’s Ortenca Aliaj and the FT’s Joshua Franklin...
...In investment management, which houses Eaton Vance following Morgan Stanley’s acquisition of the money manager last year, revenue shrank 20 per cent to $1.2bn, below estimates of $1.4bn....
...while investors have cheered Gorman for creating a leading wealth and asset management franchise by building on the acquisitions of Smith Barney and Dean Witter with further deals for ETrade and Eaton Vance...
...Following the agreement, the highest priority lenders are now a group of institutional investors, including Invesco, Eaton Vance and Fidelity, known as the legacy lender group....
...Trump-backed candidate JD Vance won a Senate seat in Ohio, as did Ted Budd in North Carolina....
...“I want to be very clear, we don’t think that is enough,” said Bragg, who inherited the case from his predecessor Cyrus Vance. “Our laws in this state need to change.”...
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