Axa removes AllianceBernstein chief in major board shake-up
Axa on Friday dismissed 10 directors of AllianceBernstein, including the head Peter Kraus, amid a major board revamp at the $500bn global asset manager. (Times)

Top managers eye £35m bonus pot post Standard Life-Aberdeen merger
Select employees of Standard life and Aberdeen Asset Management will likely share a £35m bonus pot, post the merger of the UK investment duo. The move is believed to be aimed at retaining top fund managers with the merged entity. (FT)