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Asset Manager

All articles tagged with #asset manager

business1 year ago•1 min saved

"Vanguard's CEO Tim Buckley to Depart, Successor's Stance on Bitcoin ETFs Uncertain"

Tim Buckley, the chief executive of Vanguard, is set to leave the $9 trillion asset manager later this year. Buckley has been with Vanguard for over 30 years and has served as CEO since 2018. The company has not yet announced a successor, but Buckley's departure marks a significant leadership change in the financial industry.

via Financial Times|

#asset-manager #business #financial-industry

finance2 years ago•1 min saved

BlackRock Trims Global Workforce by 3%

BlackRock, the world's largest asset manager, plans to cut about 3% of its workforce, roughly 600 positions, as it aims to increase its growth trajectory through acquisitions. The company's CEO, Larry Fink, indicated that clients' cautious approach to investing has impacted the industry and BlackRock's third-quarter flows. Despite this, the firm is looking to expand and is expected to announce its fourth-quarter results soon.

via Reuters|

#asset-manager #blackrock #finance