Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley Cuts CEO Gorman's Pay 10%
By Steve DicksonHis 2022 package includes a salary of $1.5 million, $7.5 million cash bonus and $22.5 million in equity-linked awards to be paid in shares.
January 20, 2023
JPMorgan Leaves CEO Dimon's Pay at $34.5M for 2022The firm's profits fell by 22% last year and its stock dropped 15%, the worst yearly performance in over a decade.
January 19, 2023
Orion Hires Industry Veteran as New EVP of Sales: Tech RoundupAlso, Fidelity acquired software firm Shoobx; Broadridge extends its digital wealth platform partnership with IGM Financial.
January 18, 2023
BofA Freezes Most HiringThe bank will hold off on adding new workers in some business units until at least mid-year or signs of an economic turnaround.
January 17, 2023
Morgan Stanley Beats Estimates as Wealth Management Hits RecordThe wealth and asset management unit produces over half of its revenue, with year-end assets standing at $4.19 trillion.
January 17, 2023
UBS Doesn't Plan to Buy Credit Suisse or U.S. FirmsThe firm needs to get its U.S. wealth business "up and running and improve ... margins," says Chairman Colm Kelleher.
January 13, 2023
BlackRock Takes Stake in 401(k) StartupThe startup, Human Interest, aims to expand retirement plans access for small and medium-sized firms.
January 13, 2023
JPMorgan, BofA Show Gains in Headcount as Wells Fargo's DropsDespite layoffs across the finance industry, there were no signs of staffing pullbacks at two large banks.