Alastair Ross Goobey is stepping down as chief executive of Hermes Pensions Management by the end of this year.

He will be succeeded by his chief investment officer Tony Watson, former managing director of AMP's asset management arm, who joined Hermes in November 1998.

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Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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Corporate profits are on track for a double-digit climb, led by the tech sector.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Ross Goobey hands over Hermes reins

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