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  • 08/22/2017 06:41:56

    T. Rowe Price names Céline Dufétel Chief Financial Officer

    T. Rowe Price Group on Tuesday announced that Céline Dufétel has been hired as vice president. Dufétel will also assume the roles of chief financial officer and treasurer in the first quarter of 2018, replacing Ken Moreland, who is retiring after nearly 14 years at the firm. Dufétel, who joins from Neuberger Berman, will report to CEO Bill Stromberg. In a release, Stromberg called her "a dynamic and strategic leader." Dufétel is a native of France who spend part of her childhood in Bethesda, Maryland. She has a bachelor's and a master's degree from École Polytechnique and served as a navigation officer in the French Navy aboard an oil tanker while in college. T. Rowe Price has $927 billion in assets under management and is headquartered in Baltimore. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/11/2017 14:03:53

    MOVES-Liontrust Asset Management, Barclays, Gunvor Group

    Aug 11 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com. LIONTRUST ASSET MANAGEMENT PLC Liontrust Asset Management Plc said on Friday it had hired fixed income specialists David Roberts and Phil Milburn.

  • 07/25/2017 10:50:56

    Barnes & Noble stock jumps 13% after investor urges it to go private

    Public markets are currently hostile to retailers and Barnes& Noble's market value is' unconscionably low,' says Sandell. Shares of bookstore chain Barnes& Noble Inc. jumped 13% Tuesday, after an activist shareholder urged the company to go private and escape a punishing public market for retailers. Sandell Asset Management Corp. which was set up in 1998 and specializes in equity special situations and credit opportunities, said it has built a "meaningful" stake in the company and...

  • 07/21/2017 10:38:45

    BRIEF-CIBC Asset Management to waive portion of management fee or absorb certain expenses, or both, on additional 48 ...

    Canadian Imperial Bank Of Commerce(CM). * Cibc asset management lowers fees and simplifies product lineup for canadian investors. * Cibc asset management - implementing management fee reductions of up to 40 bps on 18 funds across mutual fund and private pool lineup effective sept 1, 2017.

  • 07/07/2017 14:32:11

    Metlife to buy Fortress Investment's unit for $250 million

    MetLife Inc. said Friday it has agreed to buy Logan Circle Partners LP, Fortress Investment Group's fixed-income asset management business, for $250 million in cash. The deal is aligned with MetLife's strategy of delivering value "by focusing on businesses with strong risk-adjusted internal rates of returns, low capital intensity and sustainable cash flows," MetLife Chief Executive Steven A. Kandarian said in a statement. The acquisition is expected to close in the third quarter. Shares of MetLife were unchanged in late trading after ending the regular session up 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/22/2017 19:51:59

    Trump nominates Woody Johnson, Jamie McCourt as U.S. ambassadors

    President Donald Trump looked to the world of sports ownership to select a pair of ambassadorships Thursday, nominating New York Jets owner Woody Johnson to be America's envoy to the U.K., and former Los Angeles Dodgers co-owner Jamie McCourt as ambassador to Belgium. Both have been major Republican donors, and Johnson is a longtime friend of Trump's. Johnson has owned the Jets since 2000, and served more than 30 years as chairman and CEO of private asset-management firm The Johnson Group in New York. McCourt co-owned the Dodgers with her husband, Frank, until a bitter divorce forced the sale of the team in 2011. She also served as the team's CEO, and is a prominent Southern California attorney and investor.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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