A list no firm wants to be on!
BlackRock, the world’s largest asset manager, is exploring a sale of its second office tower in Singapore’s central business district, people with knowledge of the matter said.
The business of picking stocks and bonds for clients is getting smaller by the day.
Deutsche Bank is awaiting the results of a review of its asset-management unit before deciding on a plan for the business as it weighs options for bolstering the lender’s capital, Chief Executive Officer John Cryan said.
The 3,240 yen ($31) of cash framed on Hideto Fujino’s desk is a constant reminder of his greatest humiliation.
The biggest acquisition in the asset-management industry this year began with a casual conversation between chief executive officers in February about how firms in Europe will be forced to charge their clients for managing money.
A very competitive landscape is likely to see more consolidation.
Deutsche Bank is looking to float its asset management unit to replenish its cash buffers following a predicted multi-billion-dollar settlement with the US government over alleged miss-selling of mortgage-backed securities.
JPMorgan’s asset-management unit has chosen Shanghai’s free-trade zone as the main venue for its China business, to meet rising demand for cross-border investments.
Goldman Sachs' Jason Gottlieb, a partner in the bank's asset management division, is leaving the firm.