Companies
Three buys for Legg Mason as costs rise
Baltimore-headquartered Legg Mason Global Asset Management announced Friday that it has acquired majority stakes in EnTrust Capital and Clarion Partners and a minority stake in Precidian Investments, as it seeks to diversify its offering in the face of rising costs.
Barclays announces investment bank cutbacks, Asia hard hit
British bank Barclays has announced its investment banking arm is to close offices in nine countries across Asia, the Americas and EMEA.
AJ Bell to launch passive funds after buying investment firm
Platform provider AJ Bell is set to launch its own range of funds after agreeing to acquire a small London-based investment management business for an undisclosed sum.
St James’s Place posts record fund inflows for 2015
St. James’s Place (SJP), one of the UK’s largest wealth managers, saw a 14% rise in net fund inflows last year to a record £5.78bn despite the volatility across global financial markets.
Old Mutual’s Intrinsic reported to be in talks to buy Tenet
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.