Management
- Finance
Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
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Siemens CEO Roland Busch on combining the real and digital worlds
It has become a cliché to observe that the pandemic has accelerated existing trends across a wide range of industries.…
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Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
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Revealed: The best-performing ESG funds you’ve never heard of
Asset managers are scrambling to launch funds to tap into growing investor demand for sustainable investments. At the same time,…
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JPMorgan names UBS’s Novak as head of shareholder engagement in Europe
JPMorgan has hired a senior dealmaker to lead its activism defence team in Europe, poaching from UBS for the role.…
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FirstGroup’s Largest Shareholder Calls for CEO to Resign
By Joe Hoppe Coast Capital said Monday that it is calling for the resignation of FirstGroup PLC’s chief executive officer…
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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
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AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
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Snap stock rockets after huge earnings beat, as revenue more than doubles
Snap Inc. saw revenue more than double in the latest quarter, easily topping expectations amid a continued rebound in the…
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Intel Sales Bolstered by Strong PC Demand
Intel Corp. surprised investors with higher-than-anticipated second-quarter earnings, aided by strength in PC-related sales as Chief Executive Pat Gelsinger moves…
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Barclays hires SocGen veteran Meyer as European dealmaker hiring spree continues
Barclays has hired a 23-year veteran from Societe Generale for a senior investment banking job in Europe as the UK…
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Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
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Barclays hires Hengster to lead German unit as shake-up continues
Barclays has hired a dealmaker as chief executive for its German operation as the UK lender continues to shake up…
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Stanhope Capital taps Goldman’s Shelley for CFO role
Stanhope Capital Group, the London-based wealth manager and advisory firm, has named Goldman Sachs’ Chris Shelley as its chief financial…
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JPMorgan re-hires Bennetts lead directory advisory services group in Europe
JPMorgan re-hired a senior banker to lead its director advisory services unit in Europe, a division that helps source directors…
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Starling Bank trims losses as Covid schemes supercharge lending
Starling Bank has trimmed its losses as the business shifted to recognise lending as its main source of income thanks…
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Europe investors yank €14bn from Russell, Aviva and M&G funds
Investors pulled billions from funds managed by Russell Investments, Aviva Investors and M&G during the first half of the year,…
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Berenberg’s Janssens on women in banking: ‘Judge an organisation on how it treats its mothers’
When Laura Janssens joined Berenberg in 2011 after 12 years in senior roles at bulge bracket investment banks, she was…
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BNP Paribas hires Deutsche Bank’s Wilson to lead prime services
BNP Paribas has hired a senior executive from Deutsche Bank to lead its prime services unit, as the French bank…
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Barclays unveils raft of changes to top of investment bank
Barclays promoted a raft of senior dealmakers and named new co-heads of its investment banking to lead the unit during…
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Billionaire space race: As Jeff Bezos blasts off, here’s how his flight compares to Richard Branson’s trip
The billionaire space race enters a new phase this Tuesday, as Jeff Bezos, who recently stepped down as Amazon’s AMZN,…
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Stock picking fund managers see bargains as markets digest ‘living with Covid’
The spread of the Delta variant of Covid-19 sparked stock market tumbles on 19 July — while the pound posted a five-month low against the…
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WSJ News Exclusive | Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Comcast Corp. Chief Executive Brian Roberts met with ViacomCBS Inc. Chairman Shari Redstone in recent weeks to discuss a potential…
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Christophe Roupie: ‘Brexit does make life a bit more difficult’
MarketAxess could be said to have had a good pandemic. As the Covid-19 crisis ripped through financial markets and forced…
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FCA slams ESG fund applications for claims ‘that do not bear scrutiny’
The UK financial watchdog has written asset managers criticising them over the “poor quality” of applications they are submitting to launch sustainable…
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Credit Suisse’s Brechner jumps to Citi as dealmaker exodus continues
Citigroup has hired a senior dealmaker from Credit Suisse to bolster its M&A team in Europe, the latest departure from…
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Women in City boardrooms jumps 39% since 2016
Women now hold almost a third of positions on financial services firms’ boards, five years on from the start of…
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Intel CEO’s Chip-Building Plan Has a $50 Billion-Plus Price Tag
Less than six months into the job, Intel Corp. INTC -1.51% Chief Executive Officer Pat Gelsinger’s approach to reviving the…
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Credit Suisse offers pay hikes to stem exits amid Archegos fallout
Credit Suisse is hiking salaries and increasing bonuses for senior dealmakers in a bid to retain talent and stem departures…
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Investors with $41tn urge G7 to ‘accelerate action’ on climate crisis
Fidelity International, State Street, Amundi and Schroders are among a group of more than 400 influential investors that have called…
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BlackRock’s Rachel Lord backs call for UK to mandate menopause policies
One of BlackRock’s most senior executives has thrown her support behind a petition calling on the UK government to mandate…
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Bank of America names senior bankers to lead new ESG group
Bank of America has named two of its most senior bankers in Europe to lead a new group focused on environmental,…
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AllianzGI hires Maisonneuve as global equities CIO
Allianz Global Investors, the €598bn asset manager, has named Virginie Maisonneuve as global chief investment officer for equities. Maisonneuve, who…
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US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
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Trading Places: Goldman’s loss is Rothchild’s gain, moves at Lombard Odier and Allianz
Rothschild is set to score a prized Goldman Sachs dealmaker, Financial News learned. John Brennan was one of 13 London-based individuals…
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SIX exchange wins big at FN’s Trading & Tech Awards 2021
Swiss stock exchange group SIX scored two top prizes in this year’s Financial News Trading & Tech Awards after completing a…
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Europe’s asset management trade body elects Candriam CEO as president
The trade body representing Europe’s €27tn fund management industry has named Candriam chief executive Naïm Abou-Jaoudé as its next president.…
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Aviva Investors lines up more job cuts as equities chief exits
Aviva Investors has begun redundancy consultations with fund managers across its equities division as the £365bn investment house focuses more…
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UBS names Roberts as new head of European activist defence
UBS has promoted a senior dealmaker to lead its activist defence unit in Europe, following the departure of former boss…
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Climate concerns triggers LGIM’s divestment from AIG, Commercial Bank of China
Legal & General Investment Management, the UK’s largest asset manager, has pulled investment from insurance company AIG and three other…
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KPMG delays hybrid working plans after ‘Freedom Day’ postponement
KPMG has pushed back plans to launch a new hybrid working regime for its UK staff following the announcement by…
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UK lawmakers want to gut MiFID II in wake of Brexit as law ‘makes it more attractive to trade elsewhere’
A high-profile group of MPs has urged the prime minister to undergo a radical shakeup of MiFID II rules in…
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HSBC reshuffles top team as $50bn alternatives push takes off
HSBC’s fund management arm has created a new division that will bring together 150 staff and alternative assets representing more…
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Former Deloitte boss set to chair Starling Bank
Former Deloitte UK chief executive David Sproul is set to become the new chairman of challenger bank Starling. Sproul, who…
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Invesco star fund manager duo to retire from fixed income team
Two star fixed income managers are set to leave Invesco at the end of the year, ending a partnership spanning more…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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Linklaters appoints finance head as new firmwide managing partner
Magic Circle law firm Linklaters has appointed its head of finance Paul Lewis as its new managing partner. Lewis will…
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Goldman CEO Solomon hints that juniors may get pay bump: ‘Expect to see us pay appropriately’
Goldman Sachs chief executive David Solomon hinted that the bank could soon give a pay boost to its junior bankers, saying…
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BlackRock nears $10tn in assets as profits beat estimates
BlackRock second-quarter profit rose 14% on new money coming into the giant asset manager, a sign that investors are becoming…
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BlackRock boosts pay for juniors and middle managers
The world’s largest money manager is set to give its junior employees up to director level an “off-cycle” pay rise “after a period…
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