Morgan Stanley had raised US$770 million fund to participate in the secondary market investments. (Photo : REUTERS)Morgan Stanley will shift the way advisers in its wealth management business are paid next year, cutting bonuses tied to the amount of revenue they bring in and rewarding them instead for growing assets and loans.
Firm Management
Zook heads First Manhattan if Vivus clash triumphs
Anthony Zook said that he will accept the job as CEO of First Manhattan if it wins the conflict against Vivus Inc.
Gold Coast Mining’s New CEO to be Named
Gold Coast Mining’s new CEO to be named on July 8, 2013. (Photo : Reuters)A miner busy at work. Gold Coast Mining's Board of Directors announced today that it has chosen a new Chief Executive Officer (CEO), whose identity shall be revealed upon his induction into office on July 8.
Spoon Rafkin is new Berkshire veep
Berkshire announced today that it has named Lori Spoon Rafkin as its new senior vice president. (Photo : Reuters)The image is the corporate logo of Berkshire Hathaway Inc.
UPDATE: Jeffrey Kramer to manage Ares Management's portfolio
Ares Management hired Jeffrey Kramer as new portfolio manager. (Photo : Reuters)This is the Los Angeles business district, where Ares Management is headquartered.
Latest News
Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia. (Photo : Reuters)The image is the Russian signage for Rosneft.
Best Buy obtains high ratings as well as record share values because of the latest moves done under the aegis of CEO Joly.
Idera named Randy Jacops as its new chief executive officer, and Joseph Stephens as vice president. Idera, a server management solutions provider from Houston, Texas, announced today that it has hired Randy Jacops to fill the company's top exec spot.
UrgentRx named Michael Valentino as its new member of the board. (Photo : Reuters)This is the logo of UrgentRx. Flavored medications developer UrgentRx said on Monday that it welcomed Michael Valentino to its board of directors.
MediaBrix named Glen Sussman as its new senior executive. (Photo : Reuters)This is the logo of MediaBrix. Social application and mobile games advertising platform MediaBrix announced today that it has appointed Glen Sussman as its new chief financial officer.
Independent debt advisory firm Tomorrow Partners offered a new high yield advisory service. A self-regulating debt advisory company initiated a high yield advisory service to foil its debt advisory services currently in operation.
Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
