Mergers and Inquisitions

JANUARY 22, 2025

People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank.

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The TRADE

JANUARY 10, 2025

MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financial services firm. Nearly $6 billion of assets managed by the acquired team will transfer to MIM, under the terms of the transaction.

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The TRADE

MARCH 14, 2024

More than a third of FX trades from European asset managers would have to settle outside CLS following the US shift to T+1 and therefore carry increased risk, a leading association has found through new research. T+1 implementation today does not represent an absolute reduction of risk in the system.

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The TRADE

SEPTEMBER 29, 2023

Balyasny Asset Management has appointed Harrison Chesterton as associate director within its equity finance trading division, The TRADE can reveal. Before joining Captsone Investment Advisors, Chesterton spent almost eight years at Barclays Corporate and Investment Bank.

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The TRADE

MAY 7, 2024

Before Standard Chartered, Burke held various senior credit trading roles at Deutsche Bank in Singapore and Bank of America Merrill Lynch in Tokyo and Hong Kong. He has also held roles at FXall and UBS, as product manager and associate director, respectively.

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Global Banking & Finance

SEPTEMBER 1, 2023

LarrainVial Asset Management, a premier asset management firm, has been honoured with the Excellence in Innovation – Asset Management Latin America 2023 and Asset Management Company of the Year Latin America 2023 at the renowned Global Banking & Finance Awards®.

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Global Banking & Finance

NOVEMBER 14, 2023

Invest with Stanbic IBTC Asset Management. Invest in different. Invest in yourself. Invest in more with the right partner. Visit [link] to get started.

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The TRADE

JUNE 10, 2024

Previously in his career, he served as head of equity trading for Asia Pacific at Deutsche Bank and Deutsche Bank Securities for two years and 13 years, respectively. Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfolio manager and trader.

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The TRADE

JUNE 27, 2024

State Street Global Advisors and Galaxy Asset Management have unveiled a new collaboration aimed at bringing investors digital asset-based strategies, offering key exposure to companies involved in the digital asset space. trillion digital asset landscape through manager-directed strategies.

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The TRADE

NOVEMBER 20, 2023

Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

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Financial Times - Banking

SEPTEMBER 26, 2024

US lender looks to win back business from asset managers that have targeted traditional banks’ most lucrative clients

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The TRADE

OCTOBER 2, 2023

James Hilton was appointed multi-asset managing director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team. Prior to joining Credit Suisse in 2006, Hilton spent six years at UBS Investment Bank as a director.

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The TRADE

JUNE 1, 2023

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. The post Asset manager consolidation wave continues as two deals announced in 24 hours appeared first on The TRADE.

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The TRADE

FEBRUARY 26, 2024

Ryan O’Connor left Goldman Sachs Asset Management and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs Asset Management back in 2017 to build out the US fund strategist model portfolio business.

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MergersCorp M&A International

NOVEMBER 1, 2024

Valuing an asset management company (AMC) is a multifaceted endeavor that requires a nuanced approach. Asset management companies are integral players in the financial services sector, managing investments on behalf of clients, which can include individuals, institutions, and corporations.

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American Banker - Investment Banking

JANUARY 16, 2024

The Wall Street giant did a lot of backtracking last year, abandoning its plans to become a bank for everyone. Now it's refocusing on growing its tried-and-true businesses of dealmaking and asset management.

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Financial Times - Banking

APRIL 15, 2024

Bank has tried to build a massive wealth and asset management business that brings in steady fees

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The TRADE

AUGUST 2, 2024

Specifically, the new entity would be a leading player in long term savings assets for insurers and pension funds, BNP Paribas said in its Thursday statement. Consolidation Most recently we saw ABN AMRO confirm it was set to acquire German private bank, Hauck Aufhäuser Lampe (HAL) from Fosun International in May.

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CNBC: Investing

JULY 13, 2023

Investors' move to reallocate toward fixed income can boost shares of certain asset managers and brokers.

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Global Banking & Finance

JUNE 8, 2023

M&G posts net asset management inflows in Q1 LONDON (Reuters) – M&G recorded 1 billion pounds ($1.25 billion) of net inflows into its wholesale asset management business in the first quarter, the British insurer said on Thursday, offsetting expected redemptions from institutional clients.

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The TRADE

JUNE 27, 2023

Asset managers are turning to third party vendor relationships as a means of reducing costs, a report from Northern Trust and Coalition Greenwich has found. Around 37% of the 151 asset managers surveyed by Northern Trust confirmed plans to renegotiate fees with vendors to reduce costs and increase efficiencies.

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The TRADE

NOVEMBER 13, 2023

Dan Childs departed from his role as managing director, head of European prime services sales, EMEA to join Balyasny Asset Management, taking on the role of head, cash and liquidity management at the hedge fund. In this new role, Pyrka Turner is based in New York and continues to operate across the Americas region.

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World Finance

JULY 5, 2024

Discover how KBC Asset Management is leading the charge in sustainable investing, integrating ESG principles into its strategies, and pioneering responsible investment solutions for a better future

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Mergers and Inquisitions

MARCH 27, 2024

If you go by most online discussions, investment banking spring weeks in the U.K. are as essential as oxygen or high grades if you want to work at a large bank. Banks are also to blame because they now market spring weeks to students as young as 16. How to Apply for Investment Banking Spring Weeks Who Wins Spring Week Offers?

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The TRADE

NOVEMBER 15, 2023

This follows asset managers having reduced OTC exposures in the wake of the ‘uncleared margin rules’ and other post-crisis reforms. However, as strategies evolve in complexity, asset managers are seeking alternatives in their bid to gain tailored exposures to equity derivatives.

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The Guardian: Mergers & Acquisitions

MAY 14, 2023

Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilities Ministers have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid.

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The TRADE

NOVEMBER 14, 2023

As asset managers continue to look for ways to fully capitalise on data, a new SIX report has found that almost half view data velocity as the key challenge in enabling analytics to drive growth. These individuals work across financial institutions, asset managers, wealth managers, investment banks, and asset servicers.

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Global Banking & Finance

OCTOBER 4, 2023

The Truth about Sustainable Investing: Unveiling Myths with AIR Asset Management As the dawn of a new era breaks in the financial world, sustainable investing has gained prominence, becoming a pillar of modern investment strategies.

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The TRADE

JULY 8, 2024

Senior equity trader at Janus Henderson, Stuart Mair, left the asset manager after 14 years. Prior to his most recent role he spent six and a half years as a multi-asset trader. He originally joined the asset manager in 2010 as an RFP associate on the fixed income team.

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The TRADE

FEBRUARY 28, 2024

The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years.

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The TRADE

JANUARY 8, 2024

Blair Hawthorne The Portware platform, utilised globally by buy-side traders, is an advanced, multi-asset EMS providing access to diverse market participants and liquidity destinations.

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Global Banking & Finance

DECEMBER 20, 2023

Asset managers face tougher rules on investor cash calls By Huw Jones LONDON (Reuters) – Global regulators published tougher rules on Wednesday for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without the need for emergency liquidity from central banks.

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The TRADE

JANUARY 23, 2024

Throughout his career, UAE-based Darwish has also worked as sales trader at investment banks Credit Suisse and Commercial International Bank (CIB). GTN serves brokers, banks, asset managers, and fintech clients.

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Global Banking & Finance

FEBRUARY 27, 2024

Asset management outlook: Thriving through uncertainty in 2024 By Ronald S. Niemaszyk, Principal – Wealth & Asset Management Industry Practice at Wipfli. The stakes are higher now that the last bull market […]

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The TRADE

AUGUST 28, 2023

He originally joined the bank in 2006 in a securities lending role. Will Irwin was appointed director of FX institutional sales at Lloyds Bank North America, following his departure from Banco Bilbao Vizcaya Argentaria (BBVA) where he had been serving in a similar role.

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The TRADE

JULY 1, 2024

Stephen Wilkes, the head of buy-side solutions sales and head of securities services at Deutsche Bank, will be departing his role after spending almost 13 years at the bank. Prior to his tenure at Deutsche Bank, Wilkes spent six years at JP Morgan as an executive director of futures and options and OTC clearing sales.

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Global Banking & Finance

JULY 3, 2024

Creand Group: A Model of Committed Banking Creand (formerly Crèdit Andorrà) is a global financial services group with nearly 75 years of experience and expertise in retail banking, private banking, asset management and insurance.

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