MONEY MANAGEMENT
Wai-Kwong Seck will retire at the end of June, and CIO Bill Maldonado was appointed interim CEO.
The latest changes in European regulations ease the way for money managers to market private asset strategies in Europe.
European money managers endorsed the latest proposal on an electronic pan-European system for real-time trading data.
BlackRock reported AUM of $9.09 trillion as of the end of the first quarter, a 5% decline from a year earlier, but a 5.8% increase from the previous quarter.
Donald Sanya was named head of U.S. distribution at RBC Global Asset Management, a new position.
Van Eck disbanded the team for its planned China mutual fund business, becoming the latest global firm to retreat from the market.
Portfolio diversification is crucial amid increased market volatility and high inflation, Meketa executives said.
Euan Finlay was appointed head of Europe, the Middle East and Africa at outsourced CIO firm Partners Capital.
The Federal Deposit Insurance Corp. tasked BlackRock's advisory unit with selling holdings related to Silicon Valley Bank and Signature Bank's collapse.
Assured Guaranty is acquiring a 30% stake in hedge fund Sound Point in exchange for equity interest in Assured Investment Management.
