TPG-Angelo Gordon’s Combined AUM Is $208 Billion Private equity asset manager TPG Inc. is acquiring Angelo Gordon, a $73 billion credit and real estate investment firm via a cash and equity transaction valued at approximately $2.7 billion, officials say. Acquiring Angelo Gordon “marks a significant expansion into credit investing for TPG, establishing additional levers to… Read More >>
Fidelity Plans to Make 12,000 New Staffers Happy
Fidelity Investments is hiring and hoping that innovations in personnel training and development will help the Boston brokerage hang on to new talent. The firm reports that it is on track to create more than 12,000 jobs with a majority of them customer-facing positions — 69 percent — as the firm embraces new digital platforms… Read More >>
Fidelity Hiring to Fill 4,000 Positions
Fidelity to Make Ops & IT Hires Too Money manager Fidelity Investments is on hiring spree and is seeking to fill approximately 4,000 positions across the U.S. over the coming six months to meet “unprecedented customer growth and engagement,” Fidelity says. “Recent market volatility and an increasingly complex economic environment has driven millions of new… Read More >>
SimCorp Targets North America with New Hire
Software and systems vendor SimCorp has hired Marc Mallet to be its vice president of product and managed services for North America, tasked with the expansion of these offerings in the region, officials say. Based in Chicago, Mallett will “lead an expanded North American team to ensure SimCorp continues to provide innovative solutions to the… Read More >>
Fidelity’s Abigail Johnson Takes on CEO Role
Abigail P. Johnson is the new CEO of mutual fund giant FMR LLC, the parent company of Fidelity Investments, adding to her role as president, according to an internal document announcing the leadership succession. The document was written by Edward C. Johnson III, who has been serving as chairman and CEO. He is Abigail’s father… Read More >>
