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Executive Moves


Pimco Cuts Jobs After Decline in Assets Since Gross's Exit

Pimco's $1.5 trillion in assets under management are down 25% from a high of $2 trillion in the first quarter of 2013.

A Millionaire Is Telling BlackRock to Say No to Big CEO Pay

Up for vote at BlackRock’s May 25 annual meeting is a proposal asking the fund manager to reconsider how it evaluates and votes on executive pay plans.

Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

A U.S. proposal could make it harder for Wall Street banks to compete for talent against asset managers.

OppenheimerFunds Hires BNY Mellon's French for Smart Beta Push

French serve as head of beta solutions, the money manager said in a statement.

Transamerica Joins BlackRock in ETFs to Counter Passive Indexes

Transamerica will be offering smart beta ETFs from BlackRock.



Executive Briefing

Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013

Executive Briefing

Securities and Exchange Commission Chair Mary Jo White met with leaders of the equities and options exchanges, FINRA, DTCC and the Options Clearing Corporation following the August 22 interruption in the trading of NASDAQ-listed securities.