While President Barack Obama's approval rating sank to 41% (as measured by Gallup Inc.) in October ahead of midterm elections, money manager CEOs fared much better when website Hereisthecity.com surveyed 13,000 employees of financial services companies in London.
In results published Nov. 5, Michael McLintock, CEO of M&G Investments, scored a 93.4% approval rating from his employees, good for third place on the list and the highest ranking among money managers. Martin Gilbert of Aberdeen Asset Management PLC, was next highest among money managers, ranking ninth overall with an 88.6% approval rating. Laurence Fink, BlackRock Inc., took 10th overall with an 86.3% rating.
Nicholas Moore and Peter Clarke — CEOs of alternatives managers Macquarie Group Ltd. and Man Group PLC, respectively — didn't fare quite as well. Mr. Moore took 32nd overall with a 56.2% rating (24.3% of employees did not approve of his performance, while another 19.5% were undecided), while Mr. Clarke came in 33rd overall with a 51.7% rating (36.3% disapproved, and 12% were undecided).