Who’s on the move today? MUFG MUFG, the Tokyo-based financial group, has appointed John Winter as chief executive of MUFG Securities EMEA and head of MUFG Bank’s global corporate and Investment Banking (GCIB) business in EMEA. John takes up the reins at MUFG following a 31-year career in financial services which has included senior roles at some of the largest banks. An experienced banker and a transformational leader, John will develop and oversee MUFG’s strategy and governance for its securities business across EMEA. He will also be responsible for directing the divisions and functions which deliver client solutions through the GCIB business. He will work alongside Masahiro Kuwahara, regional executive for EMEA, and Tokyo-based GCIB management. Since rebranding its banking arm to MUFG Bank from Bank of Tokyo-Mitsubishi UFJ almost a year ago, the EMEA platform has continued to push ahead with its integration of client teams and functions. John started his career at … [Read more...] about City Moves for 25 March – who’s switching jobs at MUFG, NB Private Equity and University College London?
Merrill lynch private banking and investment group
By David Hodari WSJ Tues., March 19, 2019 U.S. stocks climbed Tuesday, led by gains in materials shares. The Dow Jones Industrial Average jumped 115 points, or 0.4%, to 26028. The S&P 500 added 0.5%, after the broad index closed at its highest level since early October on Monday. The technology-heavy Nasdaq Composite rose 0.5%. Shares of materials and consumer discretionary shares in the S&P 500 rose 0.9% and 0.7% respectively. Boeing shares, which have come under pressure recently, ticked up 0.6% as U.S. federal investigators probe the development of the Boeing 737 MAX that has been involved in two fatal crashes in the past five months. Technology giants IBM and Apple, meanwhile, rose 0.5% and 1%, respectively. Meanwhile, Revlon shares slumped 4.5% after the cosmetics retailer found a “material weakness” in its internal controls over its financial reporting. Article Continued Below Investors are awaiting meetings of both the Federal … [Read more...] about U.S. Stocks Open Higher Ahead of Key Central Bank Decisions
Wealth and freedom of choice go hand-in-hand: The more money you have, the more choices you have. But once you’ve reached a comfortable level of wealth, your spending should align with your end goal, and there are only four options, according to a forthcoming guide from Merrill Lynch. The guide asks people to decide what they want to do with their wealth: Do you want to spend your fortune, maintain the current level, preserve its buying power, or grow it as much as possible? Wealth is often equated with freedom: The more you have, the more choices you’re able to make. But even high-net-worth people fret about their spending. That’s according to New York Times writer Paul Sullivan, who in his latest column reports that Merrill Lynch’s private banking and investment group is developing a guide to help wealthy clients manage their cash flow. The guide, which Sullivan says will be released this spring, defines various spending priorities, from mortgage … [Read more...] about Merrill Lynch is creating a guide to help wealthy people choose how to spend their money, and there are only 4 options
Sections SEARCH Skip to content Skip to site index Your Money Subscribe Log In Log In Today’s Paper Your Money | ‘Deciding How to Decide’: Even the Rich Need Advice on Budgeting Supported by Wealth Matters ByPaul Sullivan Jan. 11, 2019 If you’re worried about your credit card bills from the holidays, you’re not alone: Even the wealthiest Americans, who have little chance of running out of money, are concerned about their spending. A document circulating internally among Merrill Lynch’s private banking and investment group, which will be released in the next couple of months, aims to help Merrill’s rich clients budget like everyone else. The document, called “Considerations for Decision-Making Around Expenditures,” was developed after a wealthy client worried aloud to his adviser about taking a vacation. “Given his net worth, cash flow and asset base, he … [Read more...] about ‘Deciding How to Decide’: Even the Rich Need Advice on Budgeting
American parents today are spending more time, effort, and money raising their kids than previous generations, according to a New York Times story. They’re motivated by ensuring their children are better off – or at least not worse off – financially than they are. Those born in the 1980s are at the greatest risk of becoming a “lost generation” for wealth accumulation, according to an earlier report from the Federal Reserve Bank of St. Louis. Most parents today share at least one common goal: They want to give their kid a better life than they had. Part of that is ensuring their children end up better off financially, and it’s led to a new brand of “intensive parenting” in America, according to a recent story in the New York Times. “Over just a couple of generations, parents have greatly increased the amount of time, attention, and money they put into raising children. Mothers who juggle jobs outside the home spend just as … [Read more...] about American parents might be agonizing over their kids’ piano lessons, soccer games, and SAT scores, but it’s hiding a deeper anxiety