Asset Management and Custody Banks
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LONDON, May 1- Britain's FTSE 100 index is seen opening up between 4 and 11 points, or 0.2 percent higher on Wednesday, according to financial bookmakers, although trade is expected to be light with most major European indexes closed for a public holiday.
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May 1- Artisan Partners Asset Management Inc:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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By Jed Horowitz NEW YORK, April 30- E* Trade Financial Corp. She was most recently global head of digital marketing at investment management firm BlackRock Inc and had previously worked at Citigroup Inc and Bravas Partners.
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April 30- Virtus Investment Partners Inc:. *Q1 earnings per share $1.73. *Says assets under management were $51.2 billion at March 31, 2013, an.
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NEW YORK, April 30- E* Trade Financial Corp. Prior to joining Morgan Stanley, Nandra held senior management roles in investment banking and wealth management at Merrill Lynch. She was most recently global head of digital marketing at BlackRock and had previously worked at Citigroup and Bravas Partners.
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April 30- Ameriprise Financial Inc has expanded its adviser footprint in six states with veteran teams from top U.S. brokerages Morgan Stanley Wealth Management, Merrill Lynch, Wells Fargo Advisors, UBS Wealth management Americas and LPL Financial LLC.
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RBC Wealth Management, a division of Royal Bank of Canada, has hired a veteran branch manager from Morgan Stanley Wealth Management in Texas as the firm looks to expand in the region. Glen Hatch joined RBC's Austin office as a branch director from Morgan Stanley Wealth Management, where he had been for more than a decade, first with Citigroup's Smith Barney.
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April 30- RBC Wealth Management, a division of the Royal Bank of Canada, has hired a veteran branch manager from Morgan Stanley Wealth Management in Texas as the firm looks to expand in the region.
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PARIS, April 30 Fitch Ratings has affirmed BNP Paribas InstiCash EUR's money market fund rating at' AAAmmf'. The Luxembourg- domiciled money market fund is managed by BNP Paribas Asset Management. As at 12 April 2013, almost 90% of the fund's issuers and counterparties carried the highest short-term rating of' F1+', or equivalent.
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April 30- Asset manager Franklin Resources Inc. For the three months ended March 31, Franklin Resources of San Mateo, California, reported net income of $572.8 million, or $2.69 per share, up from net income of $503.2 million, or $2.32 per share, for the same period a year earlier.
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April 30- Asset manager Franklin Resources Inc on Tuesday said its fiscal second-quarter profit rose 14 percent on higher assets under management.
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For the three months ended March 31, Franklin Resources of San Mateo, California, reported net income of $572.8 million, or $2.69 per share, up from net income of $503.2 million, or $2.32 per share, for the same period a year earlier.
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April 30- Asset manager Franklin Resources Inc. on Tuesday said its second-quarter profit rose 14 percent on higher assets under management.
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BOSTON, April 30- U.S. money manager Invesco Ltd said on Tuesday its first-quarter profit jumped 14.6 percent, beating Wall Street expectations, as investors poured money into the firm's funds amid a buoyant stock market. Excluding certain items, Invesco earned 52 cents a share, better than the 47 cents expected by analysts, according to Thomson Reuters I/B/E/S.
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April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.
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April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.
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--Distributor Export Trading Company Holdings, SCPE, which is the private equity arm of British bank Standard Chartered, investment funds Pemgrofund and Carlyle Commodities to acquire joint control of ETC Group. --Dutch insurer Aegon to acquire Spanish bank Santander's insurance subsidiaries Santander Vida and Santander Generales.
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HONG KONG, April 30- Hong Kong- based Richland Capital Management Ltd is shutting down its hedge fund operation, Chief Investment Officer Alex Au told Reuters on Tuesday, a major blow to an industry struggling to raise assets and turn a profit for investors in Asia.
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The corporate and investment banking unit of the Sberbank Group appointed Igor Ukrasin as co-head of sector investment banking and head of energy, managing director.
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April 30- Aberdeen Asset Management PLC:. *Credit Suisse raises target price to 500 p from 485 p; rating outperform. Reuters Station users, click. 1580.