Companies
Aviva sells 50% stake in French life insurer Antarius
British insurer Aviva has sold its entire stake in France’s Antarius to a Société Général subsidiary but confirmed that it will continue to manage a chunk of its assets.
China’s asset management industry tops $7.5trn
Assets under management across mainland China rose by 36% to 51.8trn renmimbi ($7.53trn, £6.0trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
PEOPLE MOVES: Aviva, Aetna International, Insight Investment
Emerging market debt seems to be a key theme, with both Aviva Investors and Insight Investment bolstering their existing teams, while Aetna International has named a director of new business sales.
Vontobel launches joint venture with Bank of Singapore
High net worth clients with the Bank of Singapore can now open an account with Zurich-headquartered with Vontobel following a joint venture between the two private banks.
BlueBay AM opens office in Germany
Global fixed income manager BlueBay Asset Management has opened an office in Munich to provide clients in Germany with “on the ground” support.