T. Rowe Price to pay for research ahead of MiFID II
T. Rowe Price follows JP Morgan Asset Management and Vanguard in its decision to absorb the costs of research.
Buy-Side
JP Morgan to pay for client research ahead of MiFID II unbundling
MiFID II’s unbundling rules could see huge costs transferred to the buy-side.
Standard Life Aberdeen completes merger
Standard Life completes acquisition of Aberdeen creating a £670 billion asset management powerhouse.
Pictet deploys Commcise’s MiFID II research payment tool
Pictet Asset Management is the latest buy-side firm to sign up to use the tool ahead of MiFID II.
Prudential and M&G to merge
Merged entity will manage £332 billion of assets for more than six million clients.
Nordea implements RPA service ahead of MiFID II
Nordea Asset Management works with Commcise to ensure unbundling compliance ahead of January deadline.
L&G taps HSBC for Asian equity trading head
Danny Kwok worked at HSBC Global Asset Management for six years as a senior trader.
SSGA chief says Fearless Girl reaction speaks to gender tensions in financial services
State Street CEO says "outsized reaction" to Wall Street statue shows gender tensions persist.
Convicted ex-Schroders trader to pay £350k
Damian Clarke must pay fine within three months or face a further three years in prison.
UPDATED: BlackRock reduces trade cost as it looks for tech scale
BlackRock's Larry Fink said the asset manager has reduced the cost of trading by 80%, and plans to spend $1 billion on technology.