Morgan Stanley has completed its purchase of a brokerage joint venture with Citigroup's Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.
Schroders is a global asset management company.
BlackRock has hired former Morgan Stanley MS -1.74% banker Scott Greenberg to lead its new global capital markets division for Asia Pacific.
Michael Dobson, the chief executive of fund management group Schroders, took a £1m cut to his pay last year after receiving a £5.37m package, down from £6.37m in 2011.
Schroders, Europe’s biggest publicly traded money manager, agreed to buy Cazenove Capital Holdings Ltd. for $646m to expand its private-banking operations.
Schroders has announced that it is discussing a possible cash offer for Cazenove, with a deadline of 19 April to either agree a deal or walk away.
Bank of America has hired two debt capital markets bankers from Credit Suisse Group, as the firm reorganizes its Asian bond and loan arranging unit.
A Schroders employee and four other people have been arrested in the latest swoop by the Financial Services Authority on suspected insider trading.
Schroders has announced that it has reached agreement for its subsidiary Schroder U.S. Holdings Inc. to acquire 100% of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.
Schroders has announced that its wholly owned subsidiary, Schroder Singapore HoldingsPrivate Limited, has reached agreement to acquire 25% of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank Limited.
Schroders has announced the appointment of Marcus Durell as Structured Solutions Specialist.
Schroders has announced the appointment of four new senior positions within its LDI and UK Strategic Solutions teams. This follows significant growth in both the traditional LDI, and Flight Path solution areas of the business.
Financial News Reports that Bank of America plans to grow the profits it makes out of its corporate and investment banking activities by nearly half in the next five years. The bank wants to get another $10bn in revenues and $3bn in profits out of the unit by 2011.
Deutsche Bank has just hired four senior sales and trading staff into its New York high-yield group from rivals Goldman Sachs, Merrill Lynch and Morgan Stanley, as part of what the bank has described as a 'further expansion of its credit continuum'. Right!
Schroders has announced the appointment of Nicholette MacDonald-Brown as a Fund Manager on the European Equities team. is joining this month and will report to Rory Bateman, Head of European Equities.
Schroders has announced the appointment of Sue Chan as a Global Portfolio Manager in the Global and International Equities team.
The Financial Times reports that Macquarie is 'in danger of losing dozens of senior bankers' from its US and European operations after paying out what the newspaper says was 'a second successive year of weak bonuses'.
Schroder Property has announced the appointment of Nick Scott. He will be responsible for retail transactions and asset management for the Schroder Exempt Property Unit Trust (SEPUT).
Damian Clarke, a former equities trader at Schroders in London, was charged with insider trading in shares and spread bets over a nine-year period.
Gay banking executive Peter Lewis was fired by HSBC Investment Bank after he allegedly committed a lewd act in the firm gym. He is suing his former employer for $8.7m, as he claims that he was sacked just for being gay.