Old Mutual exits India with sale of joint venture life stake

Old Mutual exits India with sale of joint venture...

Old Mutual is pulling out of its joint venture life company in India by selling a 26% stake for a net cash sum of £141m ($182m,€167m).

Published : 28, Apr 2017
Seven IM unveils new model portfolio service

Seven IM unveils new model portfolio service

Wealth manager Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.

Published : 27, Apr 2017
Invesco boosts global ETF offering with Source deal

Invesco boosts global ETF offering with Source...

US-based investment manager Invesco has announced a deal to buy one of Europe's major Exchange Traded Product (ETP) providers, Source.

Published : 27, Apr 2017
Brooks Macdonald approaches £10bn in assets under new CEO

Brooks Macdonald approaches £10bn in assets under...

Brooks Macdonald has grown its funds under management to nearly £10bn ($12.8bn, €11.7bn) in the first three months of 2017, signalling a strong start for new chief executive, Caroline Connellan.

Published : 26, Apr 2017
Buoyant growth in Asia and Europe fuels Jupiter Q1 fund flows

Buoyant growth in Asia and Europe fuels Jupiter...

Global fund management group Jupiter saw net mutual fund flows of £1.4bn (€1.65bn, $1.8bn) in the first quarter of this year, fuelled by “particularly strong” growth in Asia and continental Europe.

Published : 26, Apr 2017
PEOPLE MOVES: Momentum UK, Russell Investments, Hermes

PEOPLE MOVES: Momentum UK, Russell Investments,...Lock icon

Industry veteran Peter Mann has reappeared at Momentum UK, while Russell Investments is banking on an ex-BlackRock man to head up its Europe, Middle East and Africa region. Hermes has named a head of fixed income.

Published : 25, Apr 2017
Strong pension business helps SJP net inflows rise to £2bn in Q1

Strong pension business helps SJP net inflows...

UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.

Published : 25, Apr 2017
Standard Life Aberdeen powerhouse eyes US market for expansion

Standard Life Aberdeen powerhouse eyes US market...Lock icon

A serious push into the US market is a key strategic target for the merged Standard Life and Aberdeen Asset Management group, according to Aberdeen’s global head of distribution.

Published : 24, Apr 2017
M&A: the 'new normal' in UK asset management

M&A: the 'new normal' in UK asset management

The merger of Standard Life and Aberdeen is a sign of the times in asset manager consolidation, but who will be the winners and losers from the trend?

Published : 21, Apr 2017
PEOPLE MOVES: Citi, Guardian Wealth, Brewin Dolphin

PEOPLE MOVES: Citi, Guardian Wealth, Brewin Dolphin...Lock icon

Citi Private Bank has named two heads of investment for Asia Pacific, with GWM Investment Management adding a senior wealth manager in London. Brewin Dolphin’s Jersey office has a new head.

Published : 21, Apr 2017
Schroders boosts private equity holdings with Adveq deal

Schroders boosts private equity holdings with...

Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.

Published : 20, Apr 2017
DeVere denies ‘unfounded claims’ it uses prohibited funds in SA

DeVere denies ‘unfounded claims’ it uses prohibited...Lock icon

International advisory firm deVere has denied claims that it has been investing its South African clients’ money in offshore funds which have not been approved by the country’s regulator, blaming the “unfounded allegations” on a disgruntled former employee.

Published : 20, Apr 2017
Focus Financial sells majority stake to two private equity firms

Focus Financial sells majority stake to two private...

Private equity firms KKR & Co and Stone Point Capital have announced plans to take a majority stake in Focus Financial Partners, a US-based network of independent fiduciary wealth management firms, in a deal worth $2bn (£1.6bn, €1.9bn).

Published : 19, Apr 2017
Provisca signs up asset manager Heptagon to target IFAs

Provisca signs up asset manager Heptagon to target...Lock icon

International product distribution business Provisca has partnered with Heptagon Capital to help the London-based asset management firm actively promote its funds in the retail market for the first time.

Published : 19, Apr 2017
PEOPLE MOVES: Lombard Odier, Neuberger Berman, Livingbridge

PEOPLE MOVES: Lombard Odier, Neuberger Berman,...Lock icon

The industry’s revolving door slowed down as the Easter break approached. Lombard Odier IM created a head of third-party distribution role, while Neuberger Berman has a new head of China. The former managing director of Fharlie Advisers has appeared at Livingbridge.

Published : 18, Apr 2017
European Wealth expands to South Africa

European Wealth expands to South Africa

European Wealth has opened an office in Johannesburg, South Africa, following its recent acquisition of a client bank from Towry Asset Management.

Published : 18, Apr 2017
Old Mutual Int'l and AAM Advisory in court against IFS

Old Mutual Int'l and AAM Advisory in court against...Lock icon

Old Mutual International appeared as a defendant in Singapore’s supreme court alongside its local advice business AAM Advisory on Thursday.

Published : 13, Apr 2017
Shortlist revealed for int'l product and service awards 2017

Shortlist revealed for int'l product and service...Lock icon

We are delighted to announce the shortlisted companies in International Adviser’s Product and Service Awards 2017.

Published : 12, Apr 2017
Goldman Sachs AM first to register foreign retail funds in UAE

Goldman Sachs AM first to register foreign retail...

Goldman Sachs Asset Management (GSAM) has become the first firm to register foreign investment funds for retail investors in the UAE under the new mutual fund regulation introduced by the Emirates' Securities and Commodities Authority (SCA).

Published : 12, Apr 2017
Record int’l inflows for Praemium despite boardroom battle

Record int’l inflows for Praemium despite boardroom...

Platform provider Praemium reported record international inflows of A$184m (£113m, $138m, €130m) in the first three months of 2017, despite an ongoing power struggle between the company’s board and its ousted chief executive.

Published : 11, Apr 2017

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