Companies
Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
Aegon backs platforms over life in top-tier shakeup
Aegon has taken a major step away from being a traditional life company towards becoming an intermediated, digital platform business, as it makes a raft of changes to its senior management team and announces a new investment management company.
Pacific AM secures elusive SCA licence in the UAE
Pacific Asset Management has joined an exclusive list of offshore asset managers that have secured Securities and Commodities Authority (SCA) approval to promote its funds in the United Arab Emirates.
Woodford favourite Provident’s share price sinks to 22-year low
Provident Financial’s shares have sunk to their lowest point since 1996 as rumours swirled that the firm might include a £500m ($698.3m, €567.9m) rights issue in its annual results.
Phoenix is the real winner of Standard Life deal
Standard Life Aberdeen hailed its decision to sell its insurance arm as “a major step” on the road to becoming a “world-class investment company”, but analysts suggest that Phoenix is the real winner here.