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Microsoft is rolling out a new management framework to its leaders — and it centers on a psychological insight called growth mindset

“One recent example of how Microsoft applied the growth mindset organizationally is the new management framework: Model Coach Care” writes Shana Lebowitz for businessinsider.com. Popularized by Stanford psychologist Carol Dweck, growth mindset speaks to the underlying belief that a person has about failure and success.The key to higher achievement via the growth mindset lies in focusing on process more than ability, and has quantifiable results for achievement.Microsoft also applies the growth mindset on an organizational level: Senior leaders are quick to recognize internal shortcomings and work to correct them. Source: businessinsider.com

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Markets News 

Ben Carlson: Trends That Matter in Asset Management

“Many of these trends deal with how the asset management industry has evolved over time, the way markets change, and how people invest their money” writes Ben Carlson for awealthofcommonsense.com. In this piece for Fortune, I looked at some of the most important trends in asset management and how they are impacting the markets.The firm had a 40% share of the target-date fund market as of the end of 2018, with roughly $650 billion in assets.In their research report entitled How America Saves 2019, Vanguard shows how target-date funds have come…

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UBS wealth management co-head Khan unveils plans to grow business: paper

“ZURICH (Reuters) – UBS executive board member Iqbal Khan wants to expand credit to rich clients as a way to grow the Swiss bank’s wealth management business, it was reported on Sunday” writes Midwest Communications Inc for 95kqds.com. Khan, along with Tom Naratil, the other co-head of UBS’s wealth management business are due to report back to the bank’s CEO Sergio Ermotti during December with their plans for the unit.The executive, wants to integrate more closely the activities of UBS’s asset management business with its investment bank, the newspaper reported.In…

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China to reshuffle management, recapitalize smaller banks to curb risks: Caixin

“The smaller sector is facing risks because of a difficult macro environment both at home and abroad, poor management at smaller banks, and credit risks triggered by deteriorating financial conditions of companies, Zhou said” writes Midwest Communications Inc for 95kqds.com. “Smaller banks are small financial institutions by size, but they carry a great spill-over risk,” said Zhou.BEIJING (Reuters) – China will take steps including management reshuffles and fund infusions to bolster the weakening profiles of its smaller banks, vice chairman of the banking and insurance regulator said, according to financial news…

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If Bloomberg runs for president, a management committee will run his company

“During that time, others led the company; it was not run by a management committee” writes Claire Atkinson for nbcnews.com. If Michael Bloomberg moves forward with his plans to run for president, his financial information company will be run by an expanded management committee to run the firm in his absence, according to a memo obtained Friday by NBC News.Bloomberg L.P. is a $10 billion financial information company with a news unit, Bloomberg Media, that covers business and politics.A Bloomberg presidency would prove hard to ignore, however, and the company…

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Fintech Startup DEXTF Secured $460,000 in LuneX-Led Funding Round

“Decentralized Traded Funds (DEXTF) has closed its seed funding round after raising $460,000, The Business Times reported” writes Arnab Shome for financemagnates.com. We are excited to be a co-investor in DEXTF’s seed funding round, to help scale their platform globally.”. London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now The Singapore-based fintech startup is directly connecting investors and asset managers, eliminating the need for expensive intermediaries.The round was led by LuneX Ventures and SGInnovate, along with participants including London-based hedge fund CDAM and other undisclosed…

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iOS 13.2.2 Fixes Aggressive RAM Management Bug That Shipped With The Last Update

“The update fixes a major memory management issue that we told you about the other day that caused apps open in the background to close” writes Shomik Sen Bhattacharjee for mashable.com. An update is also available for iPadOS 13.2.2, although it doesn’t include the fixes for the cellular and mobile data bugs.The update also takes care of the a problem that caused iPhone users to lose cellular service following a call and also exterminates a bug that prevented iPhone users from accessing mobile data. Source: mashable.com

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Merrill Lynch is hiking payouts for retiring advisers and subsidizing client handovers — it’s a bid to keep assets as the wealth industry is quickly aging

“The coming changes “are based directly on your feedback,” Andy Sieg, the unit’s president, told financial advisers in the memo” writes Rebecca Ungarino for businessinsider.com. These client transition program changes were detailed in a memo reviewed by Business Insider that was sent on Wednesday to Bank of America’s Merrill Lynch Wealth Management financial advisers.Merrill Lynch is sweetening the pot for financial advisers primed to retire in the coming years and boosting incentives for remaining colleagues to pick up their clients.The wealth management industry is staring down a looming retirement cliff,…

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The surprising business lesson I learned from salmon conservationists

“I believe a stronghold strategy is something every leader ought to incorporate into their vision for their company’s future” writes Mitch Zuklie for businessinsider.com. A stronghold strategy begins with asking about the healthiest elements of your business ecosystem and how you can protect and fortify them.The problem in actually adopting the stronghold strategy is rooted deep in our psychology. Source: businessinsider.com

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IMF spends $520bn annually to finance sustainability: EGX Chairperson

“According to the EGX Chairperson, in 2010 companies listed on EGX 30 have already applied the criteria of sustainable development” writes Bassant Mohammed for dailynewssegypt.com. Achieving the Sustainable Development Goals is costly, the International Monetary Fund spends $520bn annually to finance sustainability, so the government has to fill the gap to benefit from these aids, said Mohamed Farid Saleh, Chairperson of the Egyptian Stock Exchange (EGX). Source: dailynewssegypt.com

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