Companies
PEOPLE MOVES: Generali, Ravenscroft, Old Mutual
Italian insurer Generali has appointed a country manager for Italy and named a group chief investment officer. Ravenscroft has a new group managing director, while Old Mutual Wealth is to bid farewell to a company veteran.
Two senior Pioneer fund managers quit after losing legal battle
Two fixed income managers, who were suspended last week by Pioneer Investments, have resigned after the company took legal action amid claims they were planning to set up a rival firm.
Mike Coady departs deVere Group with ‘immediate effect’
Michael Coady has stepped down as managing director of deVere United Kingdom, deVere Mortgages and as chairman of UK Workplace Solutions; the three deVere Group brands in the UK.
deVere Group ventures into New Zealand
deVere Group is to open its first office in New Zealand in January 2017, a year after launching its second office in Australia.
Amundi acquires Pioneer Investments for €3.54bn
Amundi is to pay €3.54bn (£2.97bn, $3.74bn) in cash to acquire Pioneer Investments, which it says will make it the eighth largest asset manager in the world.