News

Top Citigroup banker Drury leaves to take role at AI firm Poolside

The Citigroup lifer is departing after 30 years for a role at an emerging technology firm

3 min read

DLA Piper hires private equity partner from Dechert in London

Law firm DLA Piper boosts private equity team with a veteran partner in London

2 min read

Zodia Markets receives backing from Circle Ventures in $18m funding round

The series A round was led by New York-headquartered Pharsalus Capital

2 min read

Rothschild & Co hires ex-Perella banker Klaassen in private markets push

The independent investment bank has named the private capital markets veteran to lead its distribution efforts

1 min read

UBS funds business taps DWS for ETF hire

Amanda Rebello joins to take over from Clemens Reuter, who is retiring after more than 15 years with the Swiss asset manager

1 min read

JPMorgan targets $100bn in European active ETFs

The US asset manager is looking to main its lead in Europe’s active ETF market over the coming years

3 min read

Phoenix Group’s Mike Eakins: ‘In the UK, we do an amazing job of talking ourselves down’

The CIO on geopolitics, private markets and why Britain needs to do more to advertise its stability to international investors

5 min read

Nomura wholesale boss Willcox: ‘Boring’ approach key to growth

Nomura is looking to bolster profit within its wholesale unit by 15-20% and is investing in new businesses. But Chris Willcox is emphasising consistency

6 min read

Inside UBS’s mission to become a $5tn wealth manager: ‘We’re only beginning to flex our muscles’

The bank has ceded little ground in its home market since it took over Credit Suisse, but it is still struggling to hit its stride in the all-important US market

9 min read

FCA fines former H2O deputy CEO £1m and imposes ban

UK regulator said Jean-Noel Alba misled it during a probe into investments made in companies owned by German financier Lars Windhorst

2 min read

Trading Places: Barclays hires ex-Numis chief, Kirkoswald adds ex-HSBC trader

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

Why investment firms face increased risk of AI washing claims

As artificial intelligence adoption increases across all sectors, asset managers are no less at risk of claims they have overstated their use of the technology

From London to Lake Como: Estate agents rush to meet private equity’s UK relocation demands

‘I’ve not seen anything quite like this in my career’: Tax and real estate advisers reckon with the exodus of London’s buyout bosses

Mizuho acquires boutique Augusta & Co in clean energy push

The Japanese bank is expanding its dealmaking arm

Moelis plans ‘very aggressive’ push into private capital after hiring spree

The boutique investment bank has seen compensation costs swell 27%

2 min read

Why wealth firms are flocking to ‘buzzing Milan’

Catch up on this week’s wealth management news

1 min read

Ex-Jefferies trader Zeng launching $70m crypto hedge fund

Tian Zeng’s Third Eye will start trading on 1 August

2 min read