Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Goldman Sachs Slashes CEO Solomon's Pay About 30%
By Sonali Basak and Steve DicksonHis package includes a $2 million base salary and $23 million in variable compensation, mainly in restricted stock units.
January 26, 2023
T. Rowe Price AUM Slides Nearly 25% in 2022The firm noted it reduced headcount and took other cost-cutting measures last year.
January 26, 2023
NYSE Mayhem Traced to Staffer 700 Miles AwayBehind closed doors, NYSE executives are grappling with both the potential cost and the impact on the exchange's reputation.
January 23, 2023
Morgan Stanley Cuts CEO Gorman's Pay 10%His 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 23, 2023
Recession Odds Falling Sharply Across Markets: JPMorganThe firm's trading model now finds seven of nine asset classes indicating that the chance of a recession is under 50%.
January 20, 2023
Almost 30% of Office Workers Say They've Tried ChatGPTEmployees at BofA and JPMorgan, for instance, are using the AI program and similar tools to quickly draft emails.
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.