Tag: Manager

14
Oct
2020
Posted in technology

How JPMorgan and BlackRock are thinking of playing fund manager M&A

  • Top brass from JPMorgan and BlackRock, among the firms to kick off earnings season with their results, said Tuesday that they expect more consolidation in the wealth- and asset-management industries.
  • Pressures on money managers have fueled a flurry of acquisitions in those areas this year, and analysts questioned executives about their own deal ambitions, albeit coming from different corners of the market. 
  • JPMorgan boss Jamie Dimon said the bank would be “very interested” in deals in that space, and BlackRock finance chief Gary Shedlin said the firm was focused on targets that could expand its technology, global distribution, and private markets capabilities.
  • Last week, Morgan Stanley said it would buy investment manager Eaton Vance in a deal valued at $7 billion just days after it closed on its E-Trade acquisition. 
  • Visit Business Insider’s homepage for more stories.

Top brass at the world’s largest asset manager and largest US bank told analysts on Tuesday that they expect more mergers and acquisitions in the wealth- and asset-management industries, and signaled both firms are on the prowl. 

On the back of Morgan Stanley’s $7 billion deal for Eaton Vance last week, analysts peppered JPMorgan and BlackRock executives with questions about their appetites for deals during their respective third-quarter calls, which helped kick off the latest earnings season. 

“Well, since we have you all on the line, our doors, our lines are wide open. We would be very interested, and we do think you’ll see consolidation of the business,” JPMorgan Chief Executive Jamie Dimon said. 

“But we’re not going to be more specific than that,” he said, adding there were considerations around what type of deal would make sense for the largest US bank by assets, like technology, product, and execution. 

Dimon emphasized early this year that he was interested in carrying out more

13
Oct
2020
Posted in technology

Leon Pikaar Appointed as VP and General Manager of Lumileds LED Solutions Business Unit

Lumileds announced today that Leon Pikaar has been appointed as Vice President and General Manager of its LED Solutions Business Unit. Mr. Pikaar brings more than 30-years of experience in the LED and lighting industry and an extensive tenure at Philips Lighting and Lumileds where he has led international business organizations, strategic accounts, and developed the specialty business in camera flash, display, and UV markets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005892/en/

Leon Pikaar, Lumileds Vice President LED Solutions Business Unit (Photo: Business Wire)

Mr. Pikaar’s career started at Philips Lighting in The Netherlands. He was soon transferred to Brazil where he became the Regional Manager Latin-America for lamp drivers. In 1999, he joined the team that founded Lumileds as a joint venture between Hewlett Packard and Philips after which he became responsible for sales and marketing of specialty lamps for Philips Lighting in Europe. Prior to his new role, Mr. Pikaar was Head of Marketing for the LED Solutions Business Unit after having served as VP of Sales and Marketing at RayVio, a startup company in UV-B/C LEDs.

“Leon has been at the tip of the spear for Lumileds for more than two decades and I couldn’t be more pleased to have him leading our LED Business Solutions Unit,” said Matt Roney, CEO. “The LED Illumination and Specialty side of our business is in great hands.”

Mr. Pikaar has enjoyed successful overseas assignments, is fluent in multiple languages, and holds a Bachelor’s degree in Mechanical Engineering from Tilburg Polytechnic in The Netherlands.

About Lumileds

For automotive, mobile, IoT, and illumination companies that require innovative lighting solutions, Lumileds is a global leader employing more than 7,000 team members operating in over 30 countries. Lumileds partners with its customers to push the boundaries of light.

To learn

13
Oct
2020
Posted in technology

Google Podcasts Manager shows you search impressions and clicks from Google Search

Google Podcasts Manager shows you search impressions and clicks from Google Search






// Load the SDK

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Source Article

06
Oct
2020
Posted in website

Citi Terminates Technology Manager Who Ran QAnon Website

(Bloomberg) — Citigroup Inc. terminated a manager in its technology department following an investigation into his role as the operator of the most prominent website dedicated to the QAnon conspiracy theory.



An attendee holds a sign of the letter "Q" before the start of a rally with U.S. President Donald Trump in Lewis Center, Ohio, U.S., on Saturday, Aug. 4, 2018. Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters on Saturday that playing hardball on trade is "my thing."


© Bloomberg
An attendee holds a sign of the letter “Q” before the start of a rally with U.S. President Donald Trump in Lewis Center, Ohio, U.S., on Saturday, Aug. 4, 2018. Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters on Saturday that playing hardball on trade is “my thing.”

Jason Gelinas had been placed on paid leave after he was identified on Sept. 10 by the fact-checking site Logically.ai as the operator of the website QMap.pub and its associated mobile apps.

Loading...

Load Error

“Mr. Gelinas is no longer employed by Citi,” the company said in a statement. “Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”

Citigroup’s code of conduct says employees seeking to engage in any outside business activity where they receive compensation have to disclose that information to managers before participating. Gelinas was earning more than $3,000 a month from a crowdfunded Patreon site dedicated to supporting the QAnon site, which he said helped cover the monthly operating costs.

Since Gelinas was identified, the QMap.pub website has been shut down and now provides links to an alternative website offering information on the QAnon conspiracy. QMap.pub served as an aggregator of “Q drops,” which are anonymous posts on the website 8kun by someone claiming to have a high-level government security clearance providing inside information.

The QAnon theory posits that President Donald Trump is battling a “deep state” ring of child-sex traffickers. Some adherents of QAnon are running for public office, but