Wednesday links: founders change

Dynasty Financial Partners recruits Marsh for investment solutions director

Dynasty Financial Partners has hired Matthew Marsh as director of investment solutions. Previously, Marsh worked at Morgan Stanley where he most recently served as the southwest regional manager for the consulting group. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Dynasty Financial Partners announced today that Matthew Marsh will join the firm as Director of Investment Solutions. Mr. Marsh will be responsible for leading investments solutions in the Western and Central Divisions for Dynasty’s Advisory Firms, including the Dynasty TAMP, portfolio model management and rebalancing, SMA and UMA solutions, hedge funds, private equity, and capital markets. Mr. Marsh will work closely with Scott Welch, Chief Investment Officer, and Michael Moriarty, Director of Investment Platforms, to provide Dynasty’s network of Advisory Firms with state-of-the art technology and research to solve clients’ investment needs. He will report to Todd Thomson, Dynasty Financial Partners’ Chairman who also chairs Dynasty’s Investment Committee. He will split time between Dynasty’s
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Jones Lang LaSalle president Christian Ulbrich named next CEO

Jones Lang LaSalle Incorporated announced that Christian Ulbrich, president since June, will succeed Colin Dyer as CEO, effective October 1, 2016. A professional services firm, JLL manages $59.1 billion of real estate assets through its LaSalle Investment Management business. PRESS RELEASE CHICAGO, IL and LONDON, UNITED KINGDOM–(Marketwired – Aug 24, 2016) –  Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that Christian Ulbrich, who has held the role of President since June, will now also assume the position of Chief Executive Officer, effective October 1, 2016. Ulbrich will succeed Colin Dyer, who will retire from JLL at the end of 2016 and step down from the CEO role on September 30, 2016. To ensure a smooth transition, Dyer will continue to guide the company’s data, information and analytics priorities through the end of 2016. He also will remain on the Board of Directors through the Annual
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Blockchain Bastardized by Banks’ Back Office, Reports FT

The Financial Times’s Martin Arnold and Jane Wild today report on the latest status quo embrace of blockchain, the technology for financial ledgers that used to be synonymous with the fantasy currency Bitcoin, but that has increasingly become uncoupled from the coins. Arnold and Wild report that UBS AG (UBS), Banco Santander (SAN), Deutsche Bank (DB), and BNY Mellon (BK), "are developing uses blockchain technology to create different coins that are each directly convertible into existing currencies deposited at central banks. In essence, it is a way of putting dollars, euros and pounds on the blockchain,” citing no one in particular.

Nimble Rising: CEO Vasudevan Says Bouncing Back from Last Year’s Stumble

Shares of Nimble Storage (NMBL), the storage technology upstart challenging EMC (EMC) and NetApp (NTAP), are up 17 cents, or 2%, at $8.90, continuing last night’s gains, after the company yesterday afternoon reported fiscal Q2 revenue and profit that topped analysts’ expectations, and forecast this quarter’s revenue higher as well. CEO Suresh Vasudevan was kind enough to speak with me by phone following the results. Vasudevan said the company had come back from its big stumble in fiscal Q3 of last year, when it missed expectations by a mile, sending its shares down by more than half. “We knew we needed to show traction, to demonstrate we were building the pipeline, and growing the segments of the business that matter most, and the dialogue we had yesterday [with analysts] was around those priorities,” said Vasudevan. In particular,

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