Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wells Fargo Names JPMorgan Veteran Its New Vice Chairman
By Hannah LevittDoug Braunstein's focus will be on expanding the bank's corporate finance and advisory businesses and advising senior management.
February 23, 2024
Wells Fargo Adds Role to Boost Growth in FiNet, First ClearingErik Karanik, who joined the bank in 1990, now leads Independent Solutions for its Wealth & Investment Management unit.
February 22, 2024
She Was Set to Break Goldman's Glass Ceiling. Now Beth Hammack Is LeavingNow, only one woman is in charge of one of the bank's three units; she leads Platform Solutions, which is being dismantled.
February 22, 2024
Stocks Around the World Are Swept Up in AI Rally"Few things are more certain than death, taxes, and Nvidia beats on earnings," said Ryan Detrick of Carson Group.
February 21, 2024
Citigroup Lifts Jane Fraser's Pay to $26MThe pay package for Fraser, the only female head of a U.S. banking giant, remains the lowest of her cohort.
February 21, 2024
'Thousands' of New Vanguard-Style ETFs Seen in $8.4T MarketFidelity, Morgan Stanley and Dimensional Fund Advisors want to use the multi-share class structure due to its tax advantages.
February 20, 2024
Dynasty Taps Schwab Veteran Tim Oden as Executive-in-ResidenceOden, an RIA specialist, joins Dynasty after leaving Schwab last fall.
February 20, 2024
Best & Worst Broker-Dealers: Q4 Earnings, 2023Six large BDs reported a drop in earnings in the final quarter of 2023.