Moroccan insurer Saham Finances has bought Mauritian insurer Sun Insurance for an undisclosed sum, the company has confirmed.
Old Mutual Wealth has denied reports that it is looking at cancelling its planned listing on the London Stock Exchange due to runaway costs of upgrading the technology behind its platforms.
Brooks MacDonald overcame "significant headwinds" to achieve higher funds under management and profits for the year ending 30 June 2016.
Advisers are losing business because they are failing to provide clients with a good customer experience, not because other companies are beating them on price, according to Rod Bryson, principal - wealth, long-term savings and insurance at Capgemini Consulting.
Wren Investment Office, focusing on multi-generational wealth management for high net worth families and individuals, launched Monday in London.
WH Ireland shares soared after the City broker confirmed rumours that Kuwaiti European Holdings (KEH) was looking to acquire a stake in the business.
Standard Life subsidiary 1825 has confirmed that discussions to buy Norwich-based independent advice firm Almary Green have ended by “mutual agreement”.
Premier Asset Management has hired stockbrokers to look into the possibility of listing on the London Stock Exchange, according to media reports.
Closed book pension provider Phoenix Group has confirmed it is in “advanced” talks with Deutsche Bank about the acquisition of life company Abbey Life.
Global investment management business LJ Partnership has acquired Guggenheim Investment Advisors (Hong Kong) from Guggenheim Partners, having already bought the firm’s advisory businesses in Geneva and Miami.
STM Group has entered into a conditional agreement to acquire UK Sipp provider London & Colonial and its subsidiaries for nearly £5.4m ($7.2m, €6.4m).
Deutsche Bank chief executive John Cryan has “made it unambiguously clear” that Deutsche Asset Management is still a core part of the business and is not being sold.
Four MassMutual affiliates have been merged under the Barings brand to create one of the world’s largest asset management organisations with AUM of more than $275bn (£207bn, €245bn).
Paris-based asset management firm Tobam has widened its global footprint by opening new offices in Dublin, Zurich and Toronto, taking its total to seven financial centres, as the firm celebrates its 10th anniversary.
Australia-headquartered platform technology firm Praemium is to buy UK Sipp provider Wensley Mackay as part of its international plans to tap into the opportunities created by the UK’s radical pension freedom reforms.
Old Mutual Wealth’s protection offering has been added to quote comparison service UnderwriteMe to cut down the lengthy application process and provide advisers with online access to fully underwritten quotes.
UK-based discretionary fund manager Rowan Dartington, which is part of St James’s Place, has launched a new division to extend the group’s services to English-speaking advisers around the world.
Hargreaves Lansdown said its chief executive Ian Gorham is to step down by the end of September 2017, as the FTSE 100 quoted UK platform announced its assets under administration had grown 12% to £61.7bn over the year to 30 June.
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