Money Management Executive Latest News

Kan Kotecha spent 18 years at Morgan Stanley, working its technology. Then, in May 2009, he left to become head of corporate engineering in Europe, the Middle East and Asia for Google.

The nation’s chief financial officers are expecting technology spending and hiring to each increase 7% over the next 12 months, according to a quarterly survey of sentiment by Baruch College in New York.

As the Securities and Exchange Commission continues to explore ways to evaluate the current market structure, Michael Lynch, head of execution services for the Americas at Bank of America Merrill Lynch, spoke with Traders Magazine about some of the issues concerning the markets and investors, as well as the future of electronic trading.Traders Magazine: What is the biggest issue the desk is facing today?

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring Baby Boomers.

Fidelity Investments is seeing a definite increase in the number of “breakaway” brokerage teams going independent.

Nuveen Investments Inc. announced Thursday it will buy FAF Advisors from U.S. Bancorp.

Now that Congress has passed the Restoring American Financial Stability Act of 2010, more commonly known as the Dodd-Frank bill, it is useful to stand back and assess what Congress did and did not do in this legislation. As with most contested legislation, it is not as extensive as some had hoped and, naturally, it is deemed excessively burdensome by others. But in the quiet period following final passage, we can now separate the likely impact of the bill from the rhetoric and evaluate it in a dispassionate light.

Barry Sommers, head of J.P. Morgan’s 415-strong advisory group, formerly Bear Stearns Private Client Services, is moving over to the bank-brokerage side of Chase’s business, taking charge of the 2,700 advisors working out of its 5,100 branches.

NEW YORK—State Street Global Markets Wednesday unveiled seven new indexes designed to help institutional investors map out hidden market opportunities.

With few newcomers and an aging adviser population, the wealth management industry’s independent channel has become focused on recruiting talent from captive firms.