London Spirit retain England captains Eoin Morgan and Heather Knight for The Hundred | Cricket News

first_imgMorgan said: “We have the makings of a great squad and I’m looking forward to playing at the Home of Cricket in this exciting new format. I believe we will have a great blend of skills both in the squad and our coaching staff and I can’t wait to get going.”Knight added: “It is a real honour to be retained as skipper for next year. We are beginning to build an exciting side and hopefully we can make a real impact on the pitch.“While it was obviously disappointing that the competition wasn’t able to take place this year, The Hundred promises to be a real leap forward for our sport and I can’t wait to lead the side in 2021.” Dan Lawrence in action for Essex Eagles London Spirit have retained Heather Knight, Eoin Morgan, Dan Lawrence and Naomi Dattani
London Spirit have retained Heather Knight, Eoin Morgan, Dan Lawrence and Naomi Dattani

Asset managers look to boost headcounts despite weighing competition

first_imgAlmost two-thirds of asset management chief executives are expecting to increase headcount within firms despite weighing concerns over competition and regulation, research shows.Over 150 asset management chief executives responded to PwC’s annual survey of global CEOs, which showed a significant majority expecting growth in revenues over the next year.Additionally, 28% of respondents said they would be leading their firms into new industries, away from pure asset management, and 18% considering such an expansion in order to protect revenue growth.New tactics saw managers entering markets vacated by banks, providing real estate loans and corporate lending. One-fifth plan to grow business through cross-border mergers, with a further 29% opting for domestic tie-ups, PwC said, a higher proportion than other financial services.Despite short and long-term optimism about business growth, chief executives said fees had come under pressure from cheaper alternatives such as exchange-traded funds (ETFs).Almost half aimed to cut costs this year and 28% plan to outsource segments of their business in order to reduce the cost base.“Anxiety about competition disrupting their business models isn’t surprising at a time when active managers are losing market share,” the report added.Although looking to increase headcount, PwC reported 68% of asset management heads were ‘extremely’ or ‘somewhat’ concerned about the availability of key skills with over three-quarters planning to expand headcount in technology and risk management.“[Chief executives] are adapting to a changing world,” the report said.“They’re optimistic about growth in assets and revenues. Yet with competition mounting and regulatory disruption set to intensify, they’re looking to redefine their businesses, moving into new growth areas and leveraging digital technology.”Mark Pugh, UK asset management leader at PwC, said the market would be volatile over the next three years.“Future success in this sector will depend on attracting not only the most skilled investment professionals, but also talented people,” he added.“Compared with three years ago, asset management chief executives see both greater opportunities (65%) and greater threats (56%).”Optimism about revenue growth could stem from previous PwC research that showed global assets under management to exceed $100trn (€88trn) by 2020.The research said market share between institutional investors, retail and high-net worth individuals would not change dramatically, but growth from emerging and frontier economies would add to assets.,WebsitesWe are not responsible for the content of external sitesLink to PwC 2015 annual CEO surveylast_img read more

Lakers’ Magic Johnson at center of NBA probe into Paul George tampering

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Team officials aren’t allowed to make contact with players or their agents to discuss future plans unless it’s after the opening of the players’ free-agency year on July 1.The Pacers’ charges represent a growing concern around the league that potential suitors are reaching out to players and agents with one or two years left on current deals, trying to manipulate opt-outs and trades, league sources said.George, who grew up in Palmdale, informed the Pacers in early June that he planned to opt out of his contract in 2018 and intended to sign a free-agent deal with the Lakers. The Lakers were among the teams who made offers to the Pacers before the NBA draft, but he was ultimately traded to the Oklahoma City Thunder for fourth-year guard Victor Oladipo and second-year big man Domantas Sabonis on June 30.For the Pacers’ purposes, the notion that George wants to sign with the Lakers in free agency next summer surely dampened his trade market.George has long been public in his desire and interest to potentially play for his hometown Lakers, and the 58-year-old Johnson has been open about his affinity for George ever since rejoining the organization’s front office in February. During an appearance on “Jimmy Kimmel Live!” in February, Johnson even joked about ways in which he could openly recruit George while avoiding the league’s tampering rules.“I had to go to school. I had to go to CBA school, salary cap school and tampering school,” he said with a laugh. “You can’t tamper with somebody else’s player.”Kimmel pressed on, asking what would happen if Johnson ran into George somewhere.“We gonna say hi because we know each other, you just can’t say, ‘Hey, I want you to come to the Lakers,’ even though I’ll be wink-winking like, ‘You know what that means, right?’”Tampering likely happens often, especially in a social media age in which team rivalries can become diminished by the relationships between star athletes. Draymond Green helped recruit Kevin Durant from Oklahoma City to the Golden State Warriors a year ago, with text messages that Sports Illustrated reported began after the Warriors’ loss to the Cleveland Cavaliers in Game 7 of the NBA Finals. Durant was still under contract with Oklahoma City for 12 days while the conversations took place.George, 27, is one of the NBA’s most talented two-way players and has long been connected to possibly playing for the Lakers. The Lakers made a concerted effort to clear salary-cap space to pursue elite free agents such as George and Cleveland’s LeBron James next summer.George could be eligible to sign a four-year deal worth approximately $130 million with the Lakers next summer in free agency, though Oklahoma City will be able to offer him more than any potential suitor if he decides he wants to stay put.George averaged 23.7 points, 6.6 rebounds and 3.3 assists in 2016-17. The four-time All-Star was part of the 2016 USA Olympic gold-medal team less than two years after suffering a horrific broken leg. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers“As the NBA’s statement made clear, we cannot comment about the specifics of any ongoing investigation. We can confirm, however, that we are cooperating fully with the NBA in the hope of clearing our name as soon as possible,” the statement said.If the league can prove the Lakers were guilty of tampering with George while he was under contract with the Pacers, the Lakers could be punished in a variety of ways, including a loss of draft picks, financial fines up to $5 million, future restrictions on acquiring George and possible suspensions of any offending officials.If the NBA were to find evidence that the Lakers had engaged in a side agreement with George, he could be prohibited from signing a free-agent deal with the team or being part of any future trade to the Lakers.It is unclear if any evidence exists that could incriminate Johnson or the Lakers. The NBA is using the law firm of Wachtell, Lipton, Rosen and Katz to probe the matter, the league said in a statement released Sunday.The story on the tampering charges involving George was first reported by Patreon’s Peter Vecsey.center_img The possibility of impermissible contact between Lakers president of basketball operations Magic Johnson and four-time All-Star Paul George is at the heart of an NBA probe into possible tampering, according to an ESPN report.The Indiana Pacers filed tampering charges with the NBA against the Lakers, and the league issued a statement Sunday saying a probe is underway.“The Lakers have been cooperative and, at this point, no findings have been made. We have asked both teams to refrain from commenting while the investigation is ongoing,” the NBA statement said.The Lakers are denying the allegations filed by the Pacers, insisting there is no evidence of tampering, and they expect to be cleared in the matter.last_img read more