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Aon first-quarter profit grows on gains from investments, funds

Interest income rose nearly six times to $28 million in the first quarter ended March, primarily due to interest earned on $5 billion investment of debt proceeds used to fund the purchase of NFP. Last year, Aon agreed to buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory. Fiduciary investment income, which rose to $79 million in the quarter from $52 million a year ago, refers to interest earned on funds held in a fiduciary capacity by entities acting in a custodial role.

Bengaluru , Karnataka , India , Maju-samuel , Mehnaz-yasmin , Marsh-mclennan , Reuters , Aon , Iduciary-capacity , Nterest-earned , Iduciary-interest-income ,

Aon First-Quarter Profit Grows on Gains From Investments, Funds

Aon First-Quarter Profit Grows on Gains From Investments, Funds
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Bengaluru , Karnataka , India , Sydney , New-south-wales , Australia , Mehnaz-yasmin , Maju-samuel , Marsh-mclennan , Reuters , Central-business-district ,

Aon profit misses estimates on weakness in US retail brokerage business

Aon first-quarter profit
missed estimates on Friday due to underperformance in its U.S.
retail brokerage business, sending its shares down nearly 9%.
While the company's retail brokerage...

Bengaluru , Karnataka , India , Maju-samuel , Mehnaz-yasmin , Reuters , Marsh-mclennan , Markets ,

Lazard's first-quarter profit rises on jump in assets

Lazard reported a higher
first-quarter profit on Thursday buoyed by a growth in assets at
the boutique investment bank.
Profit attributable to Lazard was $36 million, or 35 cents
per...

Bengaluru , Karnataka , India , Mehnaz-yasmin , Shounak-dasgupta , Reuters , Lazard , Markets ,

Lazard Posts First-Quarter Profit on Deals, Assets Boost

Lazard Posts First-Quarter Profit on Deals, Assets Boost
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Bengaluru , Karnataka , India , United-states , New-york-stock-exchange , New-york , America , Peter-orszag , Mehnaz-yasmin , Shounak-dasgupta , Lazard , Goldman-sachs

BGC Group's FMX Futures Gets Funding From Banking Consortium

BGC Group's FMX Futures Gets Funding From Banking Consortium
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Bengaluru , Karnataka , India , United-states , America , Shounak-dasgupta , Niket-nishant , Mehnaz-yasmin , Reuters , Barclays , Citigroup , Morgan-stanley

Lazard posts first-quarter profit on jump in assets

(Reuters) -Lazard reported a first-quarter profit on Thursday, compared with a loss a year earlier, buoyed by a growth in assets at the boutique investment bank. The company's asset management revenue rose 4% to $295 million. Lazard's assets under mana...

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BGC Group's FMX Futures gets funding from banking consortium

Brokerage BGC Group said on
Thursday its exchange platform FMX Futures was valued at $667
million after securing investment from a consortium including
Bank of America and Citigroup.
The...

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BGC Group's FMX Futures gets funding from banking consortium | WKZO | Everything Kalamazoo

(Reuters) - Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup. The consortium - which also includes Goldman Sachs, J...

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BGC Group's FMX Futures takes aim at 'heavyweight champ' CME

BGC GROUP-FMX FUTURES/FUNDING (UPDATE 2,PIX):UPDATE 2-BGC Group's FMX Futures takes aim at 'heavyweight champ' CME

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