U.S. Funded Billion Dollar a Year News Agency Under New Management
Did you know America has its own global and media news service? Did you know it costs Americans over 1 billion dollars each year to operate. The federally funded news service, often…
Analysis-Evergrande crisis tests Beijing’s fallout management as creditor jitters mount
By Xie Yu and Clare Jim HONG KONG (Reuters) – As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue…
NJ Management Co Agrees to Pay $61,581 for Violating Servicemembers Civil Relief Act
MOUNT LAUREL, NJ – JAG Management Company LLC (JAG) will pay $61,581 to settle allegations that it violated the Servicemembers Civil Relief Act (SCRA) by imposing illegal termination fees on at least…
SVB’s rapid growth left management, examiners struggling to police risk: Fed IG
By Pete Schroeder WASHINGTON (Reuters) -The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to a report…
Ocean County Parks to Offer Six-Week Program on Chronic Disease Management
TOMS RIVER, NJ – Ocean County Department of Parks and Recreation will host a six-week course aimed at empowering individuals with chronic diseases to manage symptoms like fatigue and depression, and make…
Japan’s Kishida seeks to shake up to $5 trillion asset management industry
By Makiko Yamazaki (Reuters) – Japanese Prime Minister Fumio Kishida aims to spur competition in the country’s $5 trillion asset management industry by prompting new market entrants to turn dormant household savings…
China police detain some Evergrande wealth management staff
BEIJING (Reuters) – Police in southern China have detained some staff at China Evergrande Group’s wealth management unit, suggesting a new investigation that could add to the property giant’s woes. “Recently, public…
Goldman names head of wealth investment solutions for asset management
(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday. Vora…
Goldman Sachs Asset Management hires managing directors – memo
(Reuters) – Goldman Sachs Asset Management has appointed Anupam Damani and Lindsay Rosner as managing directors to its fixed income and liquidity solutions business, a memo seen by Reuters showed on Wednesday.…
Diamondback, Five Point Energy form water management joint venture
(Reuters) – U.S. shale oil producer Diamondback Energy has formed a new joint venture with private equity firm Five Point Energy LLC to create a water infrastructure network in the Midland Basin…
Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the first half…
Snowflake beats quarterly estimates on strong demand for data management services
(Reuters) – Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of…
Maui Emergency Management Agency head resigns
(Reuters) – The head of the Maui Emergency Management Agency (MEMA) resigned on Thursday, citing health reasons, the Maui County government said on its Facebook page. MEMA Administrator Herman Andaya had come…
Activist investor Elliott Investment Management dissolves stake in PayPal
(Reuters) – Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with the U.S. Securities and Exchange Commission. (Reporting by Manya Saini in Bengaluru;…
Goldman Sachs asset management executive Salisbury departs for Sixth Street
By Lananh Nguyen, Niket Nishant and Manya Saini (Reuters) – Goldman Sachs executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his…
China central bank issues draft rules on its data security management
BEIJING (Reuters) – China’s central bank issued draft rules on data security management for the bank’s own operations on Monday, as Beijing tightens its grip on data usage and security amid rising…
Consolidation in wealth management industry to accelerate, Citi survey finds
By Xie Yu HONG KONG (Reuters) – Consolidation within the global wealth management sector will speed up while managers continue to face regulatory challenges, a report based on a global survey by…
Cash assets under management reach ‘monster $7.8tn’ – BofA
By Lucy Raitano LONDON (Reuters) – Investors globally ploughed more money into cash funds in the week to Wednesday, with total cash assets under management reaching a “monster” $7.8 trillion, according to…
UBS overhauls leadership at wealth management division
ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. Several former Credit Suisse managers have got…
Odey Asset Management to move Adrian Courtenay’s fund to Green Ash Partners -letter to investors
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management is in advanced talks to move its special situations fund managed by Adrian Courtenay to Green Ash Partners, said a letter to investors dated…
Credit Suisse appoints investment banking management committee -memo
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen…
Asset management firm Oaktree names co-CEOs to replace Wintrob
(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to replace Jay Wintrob, who is resigning in the first quarter of 2024.…
UBS to announce changes to next management level soon – CEO
ZURICH (Reuters) -UBS will announce further changes to its management as it seeks to integrate Credit Suisse following the recent takeover of its former rival, the Swiss bank’s chief executive said on…
Goldman Sachs Asset Management head of healthcare investing to leave
By Saeed Azhar NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave the company at the end of the year to pursue other opportunities…
Quotes: Here’s what people are saying about Alibaba’s management reshuffle
(Reuters) – Alibaba Group said on Tuesday its CEO and chairman Daniel Zhang will step down from those roles to focus on its cloud division as the Chinese e-commerce giant moves ahead…
Morgan Stanley CEO sees deals in asset management
NEW YORK (Reuters) – Morgan Stanley CEO James Gorman said the bank could look for more deals in asset management. “I could see us doing deals in asset management and being quite…
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