https://assets.fnlondon.com/2016/02/IMG009965_squareFn100.jpg

https://assets.fnlondon.com/2016/02/IMG009965_square76.jpg

https://assets.fnlondon.com/2016/02/IMG009965_square70.jpg

https://assets.fnlondon.com/2016/02/IMG009965_square50.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect200x150.jpg

https://assets.fnlondon.com/2016/02/IMG009965_gallery.jpg

https://assets.fnlondon.com/2016/02/IMG009965_gallerySite.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect120x90.jpg

https://assets.fnlondon.com/2016/02/IMG009965_full4x3.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect300x200.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect190x126.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect150x100.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect116x77.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect105x70.jpg

https://assets.fnlondon.com/2016/02/IMG009965_rect75x50.jpg

https://assets.fnlondon.com/2016/02/IMG009965_fn100.jpg

https://assets.fnlondon.com/2016/02/IMG009965_full3x2.jpg

https://assets.fnlondon.com/2016/02/IMG009965_article2x1.jpg

https://assets.fnlondon.com/2016/02/IMG009965_ipad.jpg

https://assets.fnlondon.com/2016/02/IMG009965_pill950x296.jpg

Former Investment Banking Editor

https://assets.fnlondon.com/2016/02/IMG009966_squareFn100.jpg

https://assets.fnlondon.com/2016/02/IMG009966_square76.jpg

https://assets.fnlondon.com/2016/02/IMG009966_square70.jpg

https://assets.fnlondon.com/2016/02/IMG009966_square50.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect200x150.jpg

https://assets.fnlondon.com/2016/02/IMG009966_gallery.jpg

https://assets.fnlondon.com/2016/02/IMG009966_gallerySite.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect120x90.jpg

https://assets.fnlondon.com/2016/02/IMG009966_full4x3.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect300x200.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect190x126.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect150x100.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect116x77.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect105x70.jpg

https://assets.fnlondon.com/2016/02/IMG009966_rect75x50.jpg

https://assets.fnlondon.com/2016/02/IMG009966_fn100.jpg

https://assets.fnlondon.com/2016/02/IMG009966_full3x2.jpg

https://assets.fnlondon.com/2016/02/IMG009966_article2x1.jpg

https://assets.fnlondon.com/2016/02/IMG009966_ipad.jpg

https://assets.fnlondon.com/2016/02/IMG009966_pill950x296.jpg

Electra Private Equity has overhauled its broking line-up, with HSBC and Morgan Stanley called in by the FTSE 250-listed investment trust, which is in the midst of reviewing its strategy after the activist investor Edward Bramson won a showdown with the trust in November.

Electra named HSBC and Morgan Stanley as its joint brokers with immediate effect in a statement on February 25.

Morgan Stanley and HSBC win broker slots from Electra

Listed private equity trust has overhauled its broking line-up amid strategy review following activist investor battle

Tim Burke

Morgan Stanley

HSBC

JP Morgan

BlackRock’s Larry Fink hails democracy for private assets. But what will it mean for fees?

If Nikhil Rathi wants to stay CEO, he needs to sort out the FCA’s ballooning headcount

Accounting firm spurns private equity as rare IPO tests UK market appetite

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

https://images.fnlondon.com/im-87995472?size=1.5

The UK lender has given the leading compliance job to a 20-year veteran

Barclays hires Centerview dealmaker Woeber to lead global M&A

https://images.fnlondon.com/im-71578134?size=1.5

The UK lender has tapped a veteran dealmaker to head up a key area of growth

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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

https://www.wsj.com?type=allesseh_content_full_list

https://ace.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News

Sherborne Investors' Edward Bramson won his battle for a board role at Electra Private Equity in November 2015