Companies
Albion Ventures to acquire OLIM IM from Close Brothers
UK-based venture capital investor Albion Ventures has agreed to acquire OLIM Investment Managers from Close Brothers Group.
Australia’s Westpac to remove sales incentives for staff
One of Australia’s big four banks, Westpac Banking Corp, has announced plans to remove all product related incentives from frontline staff in its retail branches as part of efforts to rebuild trust with its customers.
Morocco’s Saham Finances buys Mauritian insurer Sun Insurance
Moroccan insurer Saham Finances has bought Mauritian insurer Sun Insurance for an undisclosed sum, the company has confirmed.
OMW denies shelving IPO over platform costs
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 grows FUM despite Brexit headwinds
Brooks MacDonald overcame “significant headwinds” to achieve higher funds under management and profits for the year ending 30 June 2016.