Companies
Old Mutual completes Singapore acquisition
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
Strong net flows boost LGIM’s pension assets
Legal & General Investment Management (LGIM) reported a 402% increase in external net asset flows in its annual results, rising from £7.5bn ($10.8bn, €9.7bn) in 2014 to £37.7bn in the year to 31 December 2015.
SocGen buys Kleinwort Benson to create WM behemoth
Societe Generale has agreed to buy Kleinwort Benson’s UK and Channel Islands wealth management businesses for an undisclosed sum.
Legg Mason announces Martin Currie merger
Global asset management firm Legg Mason has merged its subsidiary Martin Currie Global Funds (MCGF) into its Legg Mason Global Fund (LMGF), as part of a move to exploit greater economies of scale, the firm has revealed.
Aberdeen enters Abu Dhabi financial centre
Aberdeen Asset Management has confirmed that it will open an office in the Abu Dhabi Global Market (ADGM) towards the end of the year.