Hints and tips:
...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...In the Midwestern state of Nebraska, community bankers who objected to having their hands tied when doing business helped doom the legislation....
...“As a result of recent dynamics Singapore has become a lot safer for investors and multinationals to conduct business.”...
...UBS Wealth Management Curves. More curves. Yet more curves. . . . you get the point....
...Gerard Crossan, wealth and asset management director for Europe, the Middle East, India and Africa at EY, said ETFs had traditionally represented a low-cost, high-scale business that has attracted flows...
...However, HSBC Global Private Banking and Wealth goes for “complex”, the zany funsters. Here is also HSBC Asset Management....
...JPMorgan Asset Management, Pimco and State Street Global Advisors this month announced they would leave Climate Action 100+, an initiative to encourage companies to take action on climate change....
...It is unclear if other wealth management platforms will add spot bitcoin ETFs to their platforms....
...In the good times, the co-head at head office will be feeling good, as they generously allow some of their division’s wealth to be used to subsidise other people’s bonus pools....
...The Russian business now operates as a standalone unit, Van de Put said. The company sold fewer goods in 2023, he added, but was more profitable because of lower investment....
...But hedge fund executives also admit a local presence is as much a long-term business decision and signal to the region’s influential and wealthy state-backed investors....
...The 133-year-old Swiss bank had interviewed Credit Suisse’s then hotshot head of wealth management, Iqbal Khan, for the role, but ended up settling on the relatively unknown insider Rickenbacher....
...Then in 2020 Phalippou, a professor of financial economics at Oxford’s Saïd Business School, brought a gun to the fight....
...For today, I have a piece about criticism for financial market index providers and companies with alleged business ties to Myanmar....
...In doing so it gave retail investors exposure to deals they wouldn’t normally get access to....
...Isabel BerwickHello and welcome to Working It from the Financial Times. I’m Isabel Berwick....
...He is now the chair of merchant banking for wealth manager AlTi Global, a merger of London family office Alvarium and New York-based Tiedemann Advisors....
...One good read The secret to immense wealth: rich parents....
...“Their business model is contingent on state subsidies,” said Jorge Guajardo, a former Mexican ambassador to China and now a partner at Dentons Global Advisors....
...We are confident there is no wrong-doing, we are putting additional financial controls in place at this subsidiary and are assured that these accounts give a true and fair view of the Company, as stated...
...BROOKE MASTER: Salomon Smith Barney, which did wealth management as well-- so it brought the whole giant panoply of pretty much everything you could do in financial services under one roof....
...State Street Global Advisors is exploring digital distribution of exchange traded funds as European retail investment platforms continue to grow in popularity....
...That opens up an intriguing new avenue for investment bankers keen to pitch acquisition targets to BlackRock Obviously, wealth management is a different business from the asset management that BlackRock...
...On their heels came names like Dmitry Balyasny’s $21bn Balyasny Asset Management, Steven Cohen’s Point72 Asset Management, which runs $30.8bn, and $13bn manager Schonfeld Strategic Advisors....
...We speculated on what Fink might be interested in last month’s post: private capital and wealth management....
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