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Lazard hires former government minister Lord Mandelson; Duncan Owen leads a management buyout of a part of property group Invista; Nomura unveils Italian rainmaker as its new global head of M&A; a former Julius Baer banker handed over more information to Wikileaks; and meet the new chief executive of the British Venture Capital Association…

US adviser sale dents BofA Merrill wealth arm

The wealth management arm of the US bank lost ground last year to rival Morgan Stanley, which has continued to progress since its purchase of private bank Smith Barney in late 2009

London chief quits EIM UK to start fundraising business

Long-standing member of Arki Busson's firm has opted for a new role helping to help raise money for hedge funds and long-only funds

Warner Music Group has appointed Goldman Sachs to advise on a potential sale of its music publishing arm as it pursues a buyout of private equity-backed EMI Group

Trade sales most expected PE exit strategy

More than four-fifths of UK private equity executives expect to sell portfolio companies to trade buyers this year

AllianceBernstein and Guy Wyser-Pratte: frères in arms

US fund manager shows a willingness to back activists ... even if it means voting against execs at its parent company

Mandates of the week: State Street, Northern Trust, Mercer

State Street and Northern Trust feature in a busy week for asset management mandates

Team of the week: HSBC public sector debt syndicate

HSBC's public sector bond team has had a very busy week – having already become the only bank this year to have secured the two big bond issues by European government-backed agencies

Pay costs and weak trading drag on BofA Merrill

US bank bucks trend with higher FICC revenues but UK bonus tax and deferred incentive pay add $2bn to full-year costs

Aviva to staff: expect death a little sooner...

Tiny changes to inexact predictions really can make a huge difference to the size of pension deficits, as Aviva discovered when readjusting life expectancy

Morgan Stanley hires Goldman partner for fixed income

Glenn Hadden leaves Goldman Sachs after 15 years to become global head of interest rates at Morgan Stanley

Shareholders rebel over pay at Aberdeen Asset Management

Thirty two percent of the company's investors refuse to back salaries and bonuses

A leading corporate governance group says the best way to curb executive salaries is to widen membership of remuneration committees to staff and shareholders

Former chairman of Adam & Co plans to set up the wealth manager by July 2012 – following in success of  rival boutiques

Evercore looks east with fundraising hire

The US advisory boutique has made new hires to its team serving private equity clients, including a managing director to help source investment from Asia

Calpers reports 2010 net investment return of 12.5%

The overhauled lower-risk real estate portfolio at the US's largest public pension fund turns the corner

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