Companies
UBS wealth management sees strong inflows amid profits slump
Swiss bank UBS reported the strongest inflows to its wealth management division since 2008, although pre-tax profits were lower than analyst expectations and below last year.
Aviva’s closed offshore unit to be sold to consolidator LCCG
M&A firm Life Company Consolidation Group (LCCG) has agreed to buy Aviva Life International.
Deutsche AM revenue down 12%, Wealth down 8%
Deutsche Asset Management reported a net revenue decrease of 12% in the first quarter, dropping to €736m (£571.2m, $832.4m) from €840m in 1Q15.
‘Respectable’ results see Schroders AUM hit record
Better-than-expected institutional net flows helped push group assets under management to a record £325bn ($473.6bn, €418.7bn) in the first quarter of 2016, Schroders said on Thursday.
BMO launches emerging market ESG fund for European investors
BMO Global Asset Management has added environmental, social and governance (ESG) screening to its BMO Responsible Global Emerging Markets Equity Fund.