Management
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Investors fear more property fund casualties after Aviva closure
Aviva Investors’ decision to shutter its UK Property fund could be the first of many permanent closures, as the real…
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WSJ News Exclusive | Colonial Pipeline CEO Tells Why He Paid Hackers a $4.4 Million Ransom
The operator of the Colonial Pipeline learned it was in trouble at daybreak on May 7, when an employee found…
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UBS hires Credit Suisse’s Botteri for new financing unit
UBS has hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth…
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JPMorgan Chase puts CEO contenders in charge of consumer operation
JPMorgan Chase is putting two of the contenders to succeed chief executive Jamie Dimon in charge of its sprawling consumer-banking operation. The bank…
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Credit Suisse Faces Banker Talent Drain After $5.5 Billion Archegos Hit
Credit Suisse Group AG CS 0.57% is facing an exodus of senior investment bankers in the wake of a $5.5…
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Apollo Hires Craig Farr to Head Capital-Markets Business
Apollo Global Management Inc. APO 2.17% has hired Craig Farr as a senior partner to lead its capital-markets business, a…
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Bank of America names Sheehan sole head of investment banking
Bank of America named Thomas Sheehan as sole head of its investment banking unit in the latest leadership reshuffle at the…
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Apple Parts With Prominent Exec After Employees Complain Over Comments About Women
Apple Inc. AAPL 2.33% parted ways with a prominent advertising-technology executive weeks after hiring him, following complaints about sexist and…
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Citi hires Ibáñez from Deutsche Bank for senior tech dealmaker role
Citigroup hired a Deutsche Bank dealmaker to bolster its technology investment banking team in Europe, a key focus for the…
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Andrea Orcel shuffles UniCredit leaders in first major move as CEO
New UniCredit chief executive, Andrea Orcel, has shaken up the Italian lender’s upper ranks, slimming down its executive committee and…
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Opinion: Verizon retirees take aim at CEO Vestberg’s $40 million ‘golden parachute’
Jack Cohen retired from Verizon VZ, -1.99% nearly 20 years ago. Since then he’s taken on a new role: Fighting…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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WSJ News Exclusive | Elliott Management Has Stake in Duke Energy
Activist investor Elliott Management Corp. has a stake in Duke Energy Corp. DUK 4.21% and is pushing the utility giant…
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Should You Go Back to the Office?
After months of experimenting with remote work, your company is calling you back to the office. “It’s been weighing on…
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Square officially puts Jay-Z on board of directors after Tidal deal closes
Square Inc. disclosed late Friday that it has officially added Shawn Carter as a board member of the credit-card payments…
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NYSE to Delist Chinese Telecoms Carriers After Rejecting Appeals
China’s big three telecoms carriers lost their appeals against being kicked off the New York Stock Exchange and will be…
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A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’
“ ‘Any coins that we hold are for the purposes of sort of providing access in holdings for our customers.…
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BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures
The world’s largest asset manager is in disagreement with the world’s most famous investor. BlackRock Inc. voted for two shareholder…
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Some CEOs Suggest Dropping Degree Requirements in Hiring
Millions of jobs requiring a four-year college degree can be done without that level of education, some corporate leaders say.…
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General Electric, AT&T Investors Reject CEO Pay Plans
Shareholders at General Electric Co. and AT&T Inc. T 1.30% rejected the companies’ executive compensation plans in nonbinding votes, the…
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Jamie Dimon on Booming Economy and Finally Getting Off Zoom
JPMorgan JPM -0.20% Chase & Co. Chief Executive Jamie Dimon believes a boom is coming in the American economy but…
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WSJ CEO Council Features Interviews With Janet Yellen, Jamie Dimon
The Wall Street Journal is hosting its CEO Council summit Tuesday with top executives, administration officials and policy experts, as…
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Berkshire picks Greg Abel as Warren Buffett’s successor in CEO role
Berkshire Hathaway’s famous chief executive Warren Buffett, the billionaire who has led the conglomerate for more than 50 years, is…
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WSJ News Exclusive | Blackstone Elevates New Generation of Private-Equity Leaders
Blackstone Group Inc. BX 0.16% is elevating a number of longtime staffers to new leadership roles in its main private-equity…
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Warren Buffett Set to Discuss Pandemic, Markets at Berkshire’s Annual Meeting
Berkshire Hathaway Inc. Chairman and Chief Executive Warren Buffett kicked off his firm’s annual meeting Saturday in Los Angeles with…
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Opinion: Former Vanguard CEO: 5 hurdles facing investors now and how to overcome them
When I joined Vanguard in 1982, the firm’s flagship fund was not the renowned 500 Index Fund VFINX, -0.71%, but…
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Buffett Stands Alone, but Companies Should Open Door to Older CEOs
Happy birthday. Now pack up your stuff and go. That might constitute a harsh goodbye for most employees, but unless…
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TikTok Names ByteDance Finance Chief As New CEO
Shou Zi Chew joined ByteDance only last month. Photo: Anthony Kwan/Bloomberg News April 30, 2021 11:33 am ET TikTok has…
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Former Woodford sales exec Simon Dale joins ETF firm
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversees…
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BlackRock Takes Aggressive Posture on ESG Proxy Votes
The world’s largest asset manager is showing it is more willing to use its heft to influence the policies of…
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KPMG’s first female leader Mary O’Connor quits after being overlooked for chief exec role
The first woman to lead KPMG in Britain, Mary O’Connor, has quit the Big Four firm after she was passed…
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Credit Suisse risk committee head Gottschling steps down amid Greensill, Archegos crises
The head of Credit Suisse’s risk committee has stepped down ahead of its annual general meeting, staving off a potential…
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Credit Suisse Risk Chief Won’t Stand for Re-Election After Archegos Implosion
Credit Suisse’s headquarters in Zurich in March. Photo: arnd wiegmann/Reuters April 30, 2021 1:30 am ET Credit Suisse Group AG…
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Fidelity launches platform for fund managers to profit from short-sellers
Fidelity Investments is ramping up a business that helps money managers profit on those eager to bet against stocks. Fidelity…
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William Morris parent Endeavor’s IPO: 5 things to know about the entertainment giant
Endeavor Group Holdings Inc., the Los Angeles–based entertainment powerhouse and owner of the William Morris Agency, sports and modeling agency IMG…
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St James’s Place funds hit record high on upbeat investor sentiment
Funds under management at City wealth manager St James’s Place rose to a record high in the first three months…
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Do Better By Your Employees and Prioritize the Front Line
April 28, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. When the pandemic spread, many businesses sent…
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NRA Says It May Have Legal Claims Against Former CFO
The National Rifle Association said in a bankruptcy court filing in Dallas that it might have legal claims against its…
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Standard Life Aberdeen CEO defends name change to Abrdn amid Twitter disapproval
The chief executive of Standard Life Aberdeen has defended the FTSE-listed asset manager’s decision to change its name to Abrdn following…
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Pirc slams accountants’ plea for leniency on risky audits: ‘What is going on that they don’t want discovered?’
Critics have slammed the idea that audit firms should be scrutinised more leniently when auditing new, higher-risk companies. Senior auditors from…
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Credit Suisse board in investors’ sights over Greensill, Archegos issues
Top shareholders said they would vote against re-electing key Credit Suisse Group board members, a broadside against the bank’s leadership…
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Dutch insurer NN Group ‘reviewing options’ for fund management arm
NN Group, the Dutch insurer, has announced it is “reviewing strategic options” for its investment management business, paving the way…
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HSBC promotes Richier to lead continental European investment bank as Preschez exits
HSBC has named a new head of investment banking for continental Europe as veteran dealmaker Hubert Preschez has stepped down from…
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KPMG’s Mary O’Connor set to leave firm after being passed over for top job
One of KPMG UK’s most senior female partners Mary O’Connor is set to leave the firm after being passed over…
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Former Citi exec joins Israeli fintech startup
Former Citigroup executive Tsafrir Attar is to join Israeli fintech startup The Floor as its chief technology officer. Attar is…
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Revolut enters India with appointment of ex-Flipkart exec Chatterjee
Revolut named Paroma Chatterjee as its chief executive in India, as part of an initial expansion effort into the region.…
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Credit Suisse CEO hints at banker bonus increases after Archegos hit
Credit Suisse chief executive Thomas Gottstein hinted that it could pay bigger bonuses for its investment bankers this year after…
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HSBC names Wells Fargo’s McGeough as new European investment bank chief
HSBC has hired the former head of Wells Fargo’s international business to lead its European investment banking unit as 32-year…
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Audit sector failures mean more Carillion-style collapses likely, says think tank
The continued failures of the audit sector means that there are likely to be more “costly Carillion-style business collapses,” a…
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BNY Mellon’s Hanneke Smits: ‘I didn’t want to go back to what I was doing before’
Hanneke Smits sounds relieved that her appointment as chief executive of BNY Mellon Investment Management occurred several months after the…
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