Companies
Phoenix in ‘advanced’ talks to buy Abbey Life for £800m
Closed book pension provider Phoenix Group has confirmed it is in “advanced” talks with Deutsche Bank about the acquisition of life company Abbey Life.
UK-based LJ Partnership acquires HK advice firm Guggenheim
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 to buy London & Colonial, Rops fee waiver impacts results
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 rules out sale of asset management arm
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.
Barings merger creates giant global fund
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).