-
For anyone in a rush to snap up wealth management firms, or who thinks Wilmington Trust Corp. is poised for a buying spree, Ted T. Cecala says think again.
July 27 -
-
-
Fidelity Investments aims to double its assets under administration in the next five years, and stepped-up sales through banks will be a major contributor, company executives said.
July 13 -
While mergers and acquisitions among asset management companies were down significantly during the first half of 2009, many M&A experts predict this decline will flatten out or reverse by the end of the year, driven by renewed faith in the profitability of asset firms and banks' continued need to raise capital.
July 13 -
Lori Richards is stepping down as head of the office of compliance inspections and examinations at the Securities and Exchange Commission, a role she held since its creation in 1995. She joined the SEC in 1985. Upon her departure on Aug. 7, Associate Director and Chief Counsel John Walsh will take her place.
July 9 -
Hennessy Advisors has signed a definitive agreement to acquire the assets of two Japan funds with a combined $65 million in assets, the SPARX Japan Fund and the SPARX Japan Smaller Companies Fund.
July 8 -
-
To realize better synergies between people in its personal and workplace investing divisions, Fidelity is reshuffling about 1,000 staff members in four locations.
July 2 -
After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles "Ed" Haldeman has stepped down from his positions as chairman of Putnam Investment Management, president of the Putnam Funds and member of Putnam Funds' board of trustees, Putnam said Tuesday.
June 30