Management
- Finance
Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
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Swiss regulator Finma reveals Credit Suisse spied on seven executives
Credit Suisse Group’s efforts to spy on top executives were broader than previously known and broke Swiss supervisory law, that country’s…
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Vanguard’s UK retail platform is proving to be a hit with under 30s as assets swell to £9.5bn
Investment platforms have experienced a surge in trading volumes since the start of the Covid pandemic, fuelled by younger investors seeking…
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How a City fund manager’s idea to hire 100 Black interns spread to Goldman, Google and TikTok
Ami Ophelia-Brown submitted over 300 job applications during her final year at the University of Northampton, from where she graduated…
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Asset managers in firing line as Sunak unveils new greenwashing rules
Asset managers, investment providers, and pension schemes will all be forced to disclose information about their environmental impact under new…
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HSBC execs become ‘Dragons’ in quest for ideas in Europe
HSBC is launching a ‘Dragon’s Den’-style competition for staff within its European investment bank to pitch new ideas for bolstering…
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Fund management chiefs say tech will drive change as pressure builds on ESG
Technology will be a key driver of change in the asset management industry over the coming years, according to senior executives,…
Read More » - Entrepreneurs
How to Hire the Right Software Testing Team
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. When…
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Trading Places: Investec nabs Credit Suisse vet, Kirkland & Ellis hires Freshfields PE partners
In a busy week of earnings and booming revenues from the investment banks, the financial services sector also seen top moves…
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Citigroup CEO Jane Fraser defends $5m bonus plan for top execs
Citigroup chief executive, Jane Fraser, has defended a bonus programme for senior executives after it came under fire from a…
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Crypto is ‘here to stay’, Standard Chartered CEO says after Dimon disses bitcoin
Standard Chartered plans to go full speed ahead on cryptocurrencies in spite of an impending global regulatory crackdown on the…
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Crypto fans are turning to futures ahead of the SEC’s ruling over bitcoin ETFs
Investors are betting the first U.S.-listed bitcoin exchange-traded fund is about to get the go-ahead. Securities regulators could rule as…
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Abrdn’s new CEO fights to stem investor flight: ‘The market is yet to be convinced’
Stephen Bird, the former Citigroup executive who replaced Keith Skeoch as CEO of Standard Life Aberdeen in September 2020, has…
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Investec hires Credit Suisse’s head of European equity sales in US push
Credit Suisse’s former head of European equity sales in North America has been hired by mid-market investment bank Investec as…
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BlackRock’s Q3 profit up 23% amid soaring stock market
BlackRock’s third-quarter profit rose 23% during a volatile stretch for markets. The money management giant posted a profit of $1.68bn, or…
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HSBC CEO Quinn: Forcing staff back to the office is a ‘betrayal of trust’
HSBC chief executive, Noel Quinn, said that forcing its 210,000 employees back to the office in the wake of Covid-19…
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Martin Gilbert: Asset managers are still lagging on technology
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of…
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Citigroup hires van Nouhuijs to lead Benelux banking team
Citigroup has hired the former chief executive of corporate and institutional banking at ABN Amro to lead its advisory team…
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Myprotein and Glossybox owner THG ties executive pay to green goals
O nline shopping group THG today promised to tie executive pay to ambitious new climate targets, as management face a…
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KKR co-chiefs step down as torch passes at private equity giant
Henry Kravis and George Roberts are stepping down as co-chief executive officers of KKR, as the founders of the seminal…
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Nomura names McDermott as co-head of global investment banking
Nomura has named a new global co-head of investment banking as the Japanese lender aims to expand the division in…
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Gas crisis a win for Centrica as energy investors see deal spree
UK fund managers see the UK’s gas crisis as a boon to the largest listed energy companies. The gas crisis…
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Woodford fund collapse widens Kent County Council loss to £84m
Kent County Council is facing an £84m loss on its investment in the failed flagship fund once overseen by fallen…
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Merging among asset managers may not be a cure-all
Just about everybody agrees that asset managers need to get bigger. But mergers may not be a cure-all. The rapid…
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Evergrande got a clean bill of health from PwC despite heavy debt
Last year as China Evergrande’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government…
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Boston, AlixPartners consultants poached by Ankura in UK restructuring push
US consulting firm Ankura has hired a string of heavyweight practitioners to make a push into the UK restructuring market.…
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Deutsche Bank needs more ESG expertise, CEO Sewing says
Deutsche Bank chief executive Christian Sewing said that all 22,000 client-facing staff at the German lender need to be versed…
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Credit Suisse to pay another $400m to investors in Greensill exposed funds
The asset management arm of Credit Suisse has announced plans to return $400m to investors in a suite of supply…
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Woodford investors edge closer to court action with administrator
A law firm representing more than 11,000 investors in Neil Woodford’s former flagship investment fund has begun court proceedings against…
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Aviva, Mercer hired to resolve compliance failure in German fund Aquila Capital
A German fund group audited by KPMG has turned to fund giants Aviva and Mercer to enable it to resolve…
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UBS hires Morgan Stanley’s former European equity-linked head Renaudin in Asia push
UBS has hired the former head of equity-linked origination at Morgan Stanley in Europe for a senior role leading its…
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Evergrande plunge wipes $250m off BlackRock, Vanguard holdings
BlackRock and Vanguard are among the largest shareholders in Evergrande that have posted hundreds of millions of dollars in paper…
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Morgan Stanley’s top female exec in Asia to retire
Morgan Stanley’s top female executive in Asia, Wei Sun Christianson, will retire from the bank at the end of this…
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Evergrande plans fund raise with sale of stake to state firm
China Evergrande Group said it plans to raise about $1.5bn by selling a minority stake in a Chinese bank to…
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Freshfields poaches top dealmaker from Cravath
Freshfields Bruckhaus Deringer is poaching a top dealmaker from Cravath, Swaine & Moore, the latest offensive in a talent war…
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SEC bids to force asset managers to come clean on voting records
The Securities and Exchange Commission has proposed a rule that would require money managers to disclose more information on how…
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FCA board backs plans to overhaul pay despite concerns over staff morale
The Financial Conduct Authority’s board is throwing its weight behind plans to overhaul pay and conditions at the regulator, despite concerns…
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Citigroup builds team of European dealmakers for ‘limitless’ clean energy transition
Citigroup is building out a team of dealmakers in Europe to focus on advising companies on the ‘megatrend’ of transitioning…
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BlackRock unveils back-to-work pilot for London office
BlackRock, the world’s largest asset manager, is preparing to roll out a return to work programme which will require staff…
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Allianz’s Jacqueline Hunt to step down
Allianz SE’s top asset-management executive is leaving her day-to-day role, according to the company, part of a wider management shake-up…
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The City must get ready for new rules on diversity
The following is an analysis by Charles Wynn-Evans, partner, Mikhaelle Schiappacasse, partner, and Nathalie Sadler, associate, at law firm Dechert. Their practices…
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Trading Places: Citigroup builds clean energy team, JPMorgan taps ex-Barclays boss Jenkins
Citigroup sees a ‘megatrend’ in the transition to clean energy, so is building a team of dealmakers in Europe to…
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Credit Suisse hires Bedina to lead energy investment banking unit in Europe
Credit Suisse has hired a senior dealmaker to lead a new unit of bankers focused on the energy sector, as…
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Cathie Wood predicts oil price drop as peak demand reached
Much like the whale oil trade at its peak in the mid 1800s, crude oil prices have probably topped. That’s…
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How social media stars can help funds close the gender and ethnicity gap
Asset managers should work with social media stars to help attract millions in potential investment from women and ethnic minorities, according to a…
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Numis hires Moelis, VC firm vets in deal push
City broker Numis hired a medical doctor to bolster its team of dealmakers targeting high-growth companies as part of a…
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WisdomTree, SocGen natural gas funds gain more than 300% as UK reels from energy crisis
A cohort of exchange-traded products exposed to the natural gas sector surged — with some delivering close to a 400% gain this…
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Deloitte under investigation for Essar Oil audit
Deloitte is reportedly being investigated in connection with its auditing of refinery company Essar Oil UK. Deloitte resigned as the…
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Evergrande halts shares, signals takeover bid
The $7bn property management unit of ailing developer China Evergrande Group said it could be the subject of a takeover bid, a…
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Facebook investors slam ‘damage it is inflicting on our society’
Investors in Facebook are criticising the company and its management structure amid accusations from a whistleblower that claim the tech…
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