Blackstone recorded $684 billion in assets under management as of June 30, up 5.6% from March 31 and 21% year over year.
State Street agreed to acquire Mercatus to add private markets coverage to its asset-servicing platform.
Anna Murray was named managing director and global head of ESG at SLC Management, a new position.
Swiss Life Asset Managers agreed to acquire the real estate business of Oslo-based investment firm Ness, Risan & Partners.
SSGA's AUM hit $3.9 trillion, up 8.5% for the quarter and up 27.6% for the year on long-term flows and investment gains.
Blackstone Group is acquiring a 9.9% equity stake in AIG's Life & Retirement business for $2.2 billion in a multipronged all-cash deal.
Abrdn CIO Rod Paris is retiring and plans to leave the renamed Aberdeen Standard Life at the end of the year.
PGIM agreed to acquire private equity secondaries asset manager Montana Capital Partners in a bid to boost its alternatives business.
State Street and First Abu Dhabi Bank formed a partnership to offer custodial services to institutions in the Middle East and North Africa.
Fidelity Digital Assets is planning to boost head count as demand for cryptocurrency services from institutional investors remains strong.
BlackRock hired Valerie Speth to head up Southeast Asia investments for its $4.8 billion global renewable energy fund.
Jonathan Little is used to building businesses from scratch, but doing it in the middle of a pandemic is a totally different thing.
AMP Ltd. agreed to sell its money management arm's global equities and fixed-income business to Macquarie Asset Management for $140 million.
James Barber was named executive vice president, public equities, at Alberta Investment Management Corp.
Damien Frawley, chief executive of Queensland Investment Corp. is stepping down but will stay on until a replacement is found.
Principal Financial is focusing on fee-based businesses and cutting U.S. retail insurance and most of its retail annuity businesses.
Bahare Haghshenas was named global head of sustainable transformation at EQT Group.
Morgan Stanley plans to bar employees who aren't vaccinated against COVID-19 from entering its offices in the New York area.
Tiffany Gherlone was named head of asset management real estate U.S. in UBS Asset Management's real estate and private markets business.
Canadian investment giant Brookfield Asset Management is bucking the trend when it comes to hybrid work in a post-pandemic world.
Aviva Investors put roles within its equities team at risk of layoffs as it shifts focus to areas where it has a "competitive edge."
JPMAM's Asia head believes its time to move beyond joint ventures in China and use the same organizational structure the firm uses globally.
BlackRock sees its majority stake in a JV with China Construction Bank's wealth unit as a strong backdrop for a successful partnership.
Judy Cotte was named managing director and head of ESG for alternative money manager Onex Corp.
QNB Group and VTB Capital Investment Management partnered to attract institutional investment into their respective countries.