Asset Management
Allspring names new CEO as Joe Sullivan takes exec chair role
Kate Burke, who moves into the top job in July, has worked at Allspring since 2023
1 min read
Mike Novogratz’s Galaxy Digital plans UK growth on back of new trading licence
New York-headquartered firm wants to expand in the UK after obtaining derivatives trading authorisation from the Financial Conduct Authority
3 min read
DWS settles German ESG probe with €25m fine
Fine by the Frankfurt Public Prosecutor’s Office comes after the asset manager was hit with a $19m penalty by the US regulator in 2023
2 min read
For the UK to succeed in the 21st century, we must adapt to global markets
The UK’s public markets remain a vital engine for economic growth
3 min read
Fund giants to act on DEI backlash, and why Nicola Horlick has delayed her bank plans
All this week’s asset management news in one place
2 min read
Schroders, RLAM set to pressure boards over axed diversity pledges
Fund giants could vote against executives who have rolled back their DEI promises
4 min read
Nicola Horlick delays digital bank plans amid litigation finance push
Veteran fund manager says priority for Money&Co is to raise funds for clients launching legal claims
2 min read
London & Capital rebrands after Waverton merger
£21bn wealth manager to be renamed W1M to help avoid confusion with an infamous mini-bond provider
3 min read
BNY Investments global distribution boss Matt Oomen exits
Oomen has left the US-headquartered group after 14 years
2 min read
ESG revenues plummet, and Vanguard’s plan to end new funds drought
Catch up on all this week’s asset management news
2 min read
Trading Places: Top PE banker leaves Citigroup, UBS and EY cut jobs
Find out who is on the move in the City and beyond
3 min read
ESG fund revenue stagnates amid greenwashing concerns and backlash
Revenue increases for non-sustainable funds outpaced ESG products again last year
In pictures: Financial News and Private Equity News networking evening
A&O Shearman managing partner Hervé Ekué spoke to Financial News and Private Equity News editor in chief Shruti Tripathi Chopra at the 18 March event
M&G blames ‘challenging market conditions’ for £1.9bn outflows in 2024
Despite outflows from the FTSE 100 group, assets under management rose to £345.9bn
Vanguard ends new fund drought with active fixed income plans
The US asset manager plans to launch more than 10 new funds in Europe this year
BlackRock’s Panama ports deal shows Trump is the real king of M&A
The US president is now the most important driver of the deals that happen — and the deals that don’t
4 min read
Aberdeen’s CEO has a turnaround plan, and a private credit boss warns ‘don’t screw it’
This week’s asset management news, all in one place
3 min read
Ex-Aberdeen brand boss: Abrdn name ‘was clearly problematic’
Simon Bailey says asset manager had four-month window to come up with a name after selling the Standard Life brand to Phoenix Group
3 min read
LCM boss warns private credit firms: Don’t ‘screw it’ for everyone else
Paul Burdell fears ‘aggressive leverage’ and says the industry has not yet been ‘truly tested’
3 min read
Artemis names ex-Man GLG boss Johnston as next CEO
Teun Johnston will take over from Mark Murray, who leaves in the summer after 28 years with the fund house
1 min read