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Daly, 48, has been with Legg for 22 years, including about nine years as CFO. Terrence Murphy, chief operating officer with Legg affiliate ClearBridge Advisors in New York has been named interim CFO while the company looks for a permanent replacement
Having endured the worst market conditions in recent memory through 2008 and the better part of last year, the 12 months just ended promised a return to normality: less volatility, no more rude shocks to the global system and rising company profits
French bank BNP Paribas has been one of the few banks, who has in the past few years picked up stakes, and went in for joint ventures in a host of areas such as life insurance, asset management, home finance and brokerage. ET speaks to Jacques Michel
Sarah Lee for the Guardian One of the UK's leading institutional investors has warned it will vote against all companies that offer "golden hello" pay awards to new directors in protest against the trend towards huge cash and shares payments to
A game of musical chairs is being played out at Mavrix Fund Management. Malvin (Mal) Spooner has left the small fund company he co-founded a decade ago, but the departure was announced in a low-key way through a press release that came out on Sunday.
Market regulator Sebi�s proposal to regulate the distribution business of the mutual fund (MF) industry is not without reason. Distributors are the final link to retail investors and they are making more profits than asset management companies. In
THE $2 billion Marina Bay Financial Centre in Singapore has snared a further commitment from Barclays Capital, the investment banking division of Britain's Barclays Bank PLC, which will lease an extra 10 floors. Australia's BHP Billiton and Macquarie
Export-Import Bank of Thailand appointed Wantana Mongkolsri as Executive Vice President overseeing SMEs marketing functions that include loan, export credit insurance and branch operations, effective on March 16. She also supervises Branch
MTA-T is the latest asset manager to list on the Toronto Stock Exchange. The new listing follows on the heels of the merger of Halifax-based Seamark Asset Management Ltd. and GrowthWorks Ltd., which is Canada’s largest venture capital player and
R oyal Bank of Canada's U.S. asset management business, which has just undergone a name change from Voyageur to RBC Global Asset Management (U.S.) Inc., has quietly been building up an infrastructure team that it plans to unveil later this year...