investment firm

As the longtime CEO of the investment firm Cantor Fitzgerald, Lutnick is at least experienced at running a large organization so that appointment makes some sense.

It is understood that one of its representatives approached the COP29 team posing as the head of a fictitious Hong Kong investment firm specialising in energy.

When Max's fund matured, investment firm Columbia Threadneedle was in charge of it.

Pension expert Helen Morrissey, head of retirement analysis at investment firm Hargreaves Lansdown, said people who have lost the payment had options such as applying for pension credit.

While few companies have publicly admitted it, pay cuts in banking and investment firms are a hot topic on Chinese social media.