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.
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.
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Following the recent announcement of Schroders new DC fund - the Schroder Dynamic Multi Asset Fund, the firm has announced further growth within its DC business with the appointments of two senior members to the team:
Schroders has strengthened its manager selection team within its £31.5bn FUM Multi-Asset business by appointing Rob Hall to the newly created role of Head of Manager Selection.
The Wall Street Journal reports that ING Groep declined to comment on the runmours that Baring Asset Management (BAM) is up for sale, but did say that a disposal of the unit could not be ruled out as part of its ongoing restructuring programme.
Schroders has announced the appointment of Lesley-Ann Morgan, previously senior investment consultant at Towers Watson, to the newly created role of Senior Strategist within the Global Strategic Solutions Team.
Here's a few links to some interesting Bloomberg and New York Times stories currently doing the rounds.
Schroders has announced that it has appointed Rajeev De Mello as Head of Asian Fixed Income. He joins on 1 July and will be based in Singapore.