37 articles found within the last year.
Displaying results 21 - 37
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Top duo exit Russian broker after rocky nine months
Two senior managers have left Troika Dialog after ... The chief executive of Troika Dialog’s UK business, ... Snell resigned from Troika this week but will ... Pukas, who is leaving along with two colleagues, ... His responsibilities as managing director and chief investment...
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Merrill's $400bn Asia deal woman to depart
One of Merrill Lynch’s most senior female investment ... Kalpana Desai was head of M&A at Merrill ... A source close to the bank said Desai, ... Her decision to leave marks the second high-profile ... Desai’s reign heralded a period of success in ... During her tenure, Merrill Lynch advised Japanese financial...
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Top executive remuneration drops 91% at Macquarie
Top executives at Macquarie Group, the Australian financial ... Macquarie Group's top two executive directors, along with ... Including earnings from a restricted profit share programme, ... The company also announced that A$500m in deferred ... The company said in a statement today that...
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London hedge funds boutique sells out to private bank
One of the oldest funds of hedge funds ... Integrated Asset Management will dispose of Altigefi, the ... Sal Oppenheim already owns 49% of Altigefi and ... Integrated will be left with about $400m in ... Shares in Integrated, which is publicly-listed on London's ... Integrated's funds under management halved in the final...
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Asset management M&A dips in Q1
Mergers and acquisitions in the asset management sector ... Analysts at Jefferies Putnam Lovell, who track M&A ... There was a big jump in the value ... In a statement accompanying the figures, Aaron Dorr, ... Since the end of the quarter, Barclays has ... One asset management chief executive, involved in dealmaking,...
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Ex-Goldman heads launch advisory firm
A former managing director and an executive director ... Bimaljit Hundal, a former managing director and head ... It received Financial Services Authority approval in January. ... Egerton-Warburton left Goldman in June 2007, while Hundal ... Egerton-Warburton told Financial News: “We believe there is...
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UBS continues Asia reshuffle
Stephen Gore has been named head of mergers ... Gore, who has led UBS's financial sponsors coverage ... Gore will report into Hanning and Chin who ... At the same time Henry Cai was named ... The Swiss investment bank also appointed Saurabh Beniwal ... UBS has been one of the worst hit...
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Asset transfers soar amid European funds consolidation
The value of client money that changed hands ... Assets under management that were transferred between consolidating ... The total value of assets transferred globally from ... The US still topped the charts in terms ... The deal that accounted for the largest transfer ... Other notable takeovers that pushed this figure up...
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RBS assets for sale - no time wasters, please
The Royal Bank of Scotland’s newly-installed chief executive ... Hester, along with UK Financial Investments Ltd, the ... RBS, which is 68% owned by the UK ... RBS said in today's statement: "It is intended ... The good bank will constitute its UK and ... The ‘bad’ bank comprises assets worth up over...
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Investment banking fees to worsen after 23% fall
Banks are to suffer from a further deterioration ... Worldwide investment banking fees totalled $3bn (€2.3bn) in ... Last month's fall in fees came despite a ... The Credit Suisse analysts wrote: "We continue to ... It added: “In our opinion, the good news ... Falls in revenues from capital markets and M&A...
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McKinsey survey finds restructuring plans on the rise
The issue of restructuring of companies during the ... The proportion of executives that said their companies ... The trend was identified by a survey ... The results come as boutique advisory firms expand ... The proportion of executives surveyed by McKinsey that ... However, the most common strategies adopted by executives...
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Rensburg starts scouting for deals
Steve Elliott, chief executive of Rensburg Sheppards, one ... He said: “We are getting close to the ... Elliott, advised by Fenchurch Advisory Partners, argues large ... Merrill Lynch, for example, plans to fire 1,900 ... UK adviser Quilter resembles a shuttlecock, following its...
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Cuts begin at Bank of America Merrill Lynch
Bank of America and Merrill Lynch are to ... A recruitment industry source with knowledge of the ... The cuts come as it emerged that Merrill ... A bonus pool of that size would equate ... Recruitment industry sources familiar with the Merrill Lynch ... One headhunting source said Bank of America...
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The urge to merge in wealth is expected to surge
Appetite for mergers and acquisitions in wealth management ... Complicated due diligence issues will also scupper activity. ... Ray Soudah, head of Millenium Associates, a wealth ... Shareholders of listed wealth managers such as UBS, ... Soudah said: “The capital base of banks can’t...
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News Analysis: SGAM is a smart scoop for GLG
The sale of Société Générale's UK asset management ... The deal marks an anti-climax to Société Générale's ... SGAM currently manages $8.2bn (€5.8bn), against the group’s ... But only in a monetary sense. For GLG ... Crucially, from GLG’s perspective, Jean-Pierre Mustier, the former...
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Failed deals dominate M&A landscape
In his latest book Outliers: The Story of ... Taking a conservative estimate that the eight investment ... The cumulative effect was the largest collapsed deal ... The impact of stock market volatility coupled with ... Simon Dingemans, managing director of European M&A at...
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McKinsey survey finds financial executives (relatively) upbeat in crisis
Executives in the financial services industry are among ... In a survey of 1,424 executives from all ... Just over a fifth (21%) in financial services ... The sector was also the second least likely ... However, the survey expected further job cuts across ... According to the survey, all across the industries...
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