Asset Management news and trends

Brookfield Taps Ex-Worldpay Exec to Move Deeper into Payments Sector
Personnel // October 23, 2023

Brookfield has hired Worldpay’s former CEO to oversee its push into the financial infrastructure space. Sir Ron Kalifa, who spent more than a decade leading Worldpay and is now chair of Network International, is joining Brookfield as a vice-chair and head of its financial infrastructure...

Revnue Debuts AI-Powered Asset Management App
artificial intelligence // October 16, 2023

Contract lifecycle and asset management firm Revnue has debuted an AI-powered mobile app. The app, announced Monday (Oct. 16), is designed to streamline companies’ asset, contract, customer, supplier and services data management, the Los Angeles-based company said in a news release. “Our customers articulated a clear need:...

JPMorgan Ends Use of Safe Deposit Boxes
Banking // September 30, 2022

Safe deposit boxes, a longtime fixture at banks worldwide, will soon be a thing of the past at one major banking chain. As Bloomberg News reported Friday (Sept. 30), JPMorgan Chase has begun to phase out the boxes, no longer allowing customers to rent new...

Morgan Stanley Looks To Add To Asset Management Unit, CFO Says
Partnerships / Acquisitions // February 28, 2020

Morgan Stanley‘s acquisition of electronic trading platform E-Trade may not have satiated its appetite for deals, the company said, according to Bloomberg. The bank plans to keep its eyes open for smaller mergers that could help build its asset management unit, said CFO Jon Pruzan...

Quick Reads
JPMorgan Reportedly Looking to Expand Private Credit Business

May 23, 2024
JPMorgan Chase is reportedly moving deeper into the uber-popular world of private credit. That’s according to a report Thursday (May 23) by Bloomberg News, which notes that the banking giant is hoping to bolster its $3.6 trillion asset management business. Sources tell Bloomberg that JPMorgan held discussions recently to purchase the Chicago-based Monroe Capital, though both sides […]

Brookfield Taps Ex-Worldpay Exec to Move Deeper into Payments Sector

October 23, 2023
Brookfield has hired Worldpay’s former CEO to oversee its push into the financial infrastructure space. Sir Ron Kalifa, who spent more than a decade leading Worldpay and is now chair...

Revnue Debuts AI-Powered Asset Management App

October 16, 2023
Contract lifecycle and asset management firm Revnue has debuted an AI-powered mobile app. The app, announced Monday (Oct. 16), is designed to streamline companies’ asset, contract, customer, supplier and services data management,...

JPMorgan Ends Use of Safe Deposit Boxes

September 30, 2022
Safe deposit boxes, a longtime fixture at banks worldwide, will soon be a thing of the past at one major banking chain. As Bloomberg News reported Friday (Sept. 30), JPMorgan...