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Breaking news

President Obama installed in White House for another four years.

Financial Times could be sold by Pearson for £1bn.

Coca-Cola promotes James Eadie in wake of Olympics success.

O2 appoints Paul Fabretti to head social media.

M&S shakes up womenswear team.

Lateral Group hires Marc Michaels and Peter Anderson.

UBS AG
The Swiss bank’s American wealth management group expanded its broker force in Florida with a veteran team of advisers from rival brokerage Morgan Stanley Wealth Management.

MORGAN STANLEY WEALTH MANAGEMENT
The top U.S. brokerage hired Bryan Schon from Chase Investment Services to expand its adviser force in Michigan.

JARISLOWSKY FRASER LTD
Stephen Jarislowsky is stepping down as chief executive of the asset management firm he founded. He will remain as chairman of the company.

AMERICAN CENTURY INVESTMENTS
The asset management firm named Patrick Bannigan, an Ameriprise Financial executive, as its chief operating officer.

MORNINGSTAR INC
The investment research firm hired Christopher Davis as director of Fund Analysis in Canada. Prior to this, he was a senior fund analyst in the company’s U.S. fund research group.

CANACCORD GENUITY
The international capital markets division of Canaccord Financial Inc appointed Steve Buell as global head of research. Buell will continue as director of U.S. research for Canaccord Genuity and will be based out of the company’s New York office.

GOLDMAN SACHS GROUP INC
The investment bank named insurance executive Mark Edward Tucker as an independent director on Monday, expanding its board to a dozen directors, most of whom are independent.

BTIG LLC
The financial services firm hired Eddie Benson as managing director and head of European sales trading, a newly created position. Benson recently traded for clients at Deutsche Bank.

BNP PARIBAS
The investment bank appointed Sameer Sopori as head of High Yield Capital Markets of Asia Pacific effective immediately.
Prior to joining BNP Paribas, he was the global head of High Yield Corporate Group at Standard Chartered.

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