Finance

The giant custodian unveiled a new turnkey asset management and technology platform it says will boost its market share among RIAs and other advisory firms.

The brokerage now manages $7.61 trillion across its retail and RIA custody businesses.

CEO David Solomon sees opportunity in the industry for further acquisitions and organic growth after the firm’s significant pivot in the last two years.

The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.

Bank of America beat 3Q Wall Street forecasts as it moves to ‘pre-pandemic pace.’

James Gorman says the wealth manager is seeing much better retention and recruiting due to its “multiple channels of growth” after several acquisitions.

The higher number of brokers in two of the megabank’s largest business segments reeled in higher client assets based on equity values and inflows.

While a host of factors are at play behind the bond-stock relationship, one thing that links them together is the perception of growth.

The country's biggest financial companies are well represented in the ranking. Citigroup leads the way, followed by JPMorgan Chase and Bank of America.

In 2020, a year marked by deep economic crisis, Pedroso led her team to execute $16.9 billion of lending overall, up 9% from the previous year.

Erdoes has seen huge gains in diversity throughout her 25-year tenure. Now, she says it's time for the industry to help shape the same sort of change in the broader world.

Portney’s recent track record has allowed her to be more confident in her role chief executor of BNY Mellon’s global financial strategy.

While crypto and decentralized finance will likely not replace the traditional systems of banking and finance, the industry needs to get ahead of the curve, Chakar said.

McLaughlin pledged to improve diversity within the capital markets division she runs and across PNC Financial Services Group more widely.

Last year, Browning’s team constructed disruptive research that brings new metrics to the evaluation of economies, markets, strategies and asset classes.

Zapparoli oversaw many of the highest-profile deals to hit the market last year, including multiple tech IPOs.

In the wake of the coronavirus pandemic, Monaco realized that hundreds of her team's public sector clients around the globe would have to radically alter their operations.

Harford was quick to decide that UBS would embrace the flexible work arrangements made necessary by the pandemic as the dawn of a new era in how financial institutions do business.

Last year, the company tapped Milrod to combine all of its sales and relationship management into one group. The initiative led to a 25% increase in new business wins.

Although 2020 was a tough year for the credit card industry, the payment services initiatives Offereins led produced a 29% increase in Pulse’s e-commerce transactions over 2019.