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 that Nicolaas Marais will join the firm as Head of Multi-Asset Solutions in March 2011.
The Financial Times reports that Standard Chartered has revealed that its five top earners outside the board made $42m between them for their work in 2010, with CEO Peter Sands also bagging $7.8m (up from $6.9m in 2009), and Mike Rees, the head of the firm's investment banking division, pulling in $14.1m.
UK fund manager Schroders said assets under management rose to a record $458.7bn in the first half of the year, after net inflows more than offset a muted market performance.
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.
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.
We're trying to identify the two firms which have the best Graduate Recruitment & Development Programme (one for firms taking on less than 50 graduates each year, one for firms taking on 50 plus). And helping us is graduate recruitment and development specialists Graduate Solutions.
Quoting unnamed sources, The Sunday Telegraph reports that the French are coming. According to the newspaper two French companies are now in pole position to acquire Deutsche Bank's UK fund management unit and UK fund manager Framlington.
Schroders has announced that Mark Lacey will join as a co-fund manager on Schroder ISF Global Energy and Schroder ISF Small Cap Energy.