Milan uses Brexit to court big fund managers
Italian authorities are in talks with a number of UK asset managers about shifting their operations to Milan as Britain’s impending departure from the European Union continues to bite down on London. (FN)

Vanguard nudges closer to top-ranked BlackRock
Vanguard is fast catching up with BlackRock, the world’s largest money manager overseeing $5.7tn, on the back of daily inflows of at least $1bn year-to-date. (FT)