M&A Deals
NAB sells Asian wealth units to Singapore’s OCBC
The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.
Aviva to reduce Spanish presence with €475m life unit sale
Aviva will sell interests in two bancassurance agreements and a life business to Santalucia, raising €475m (£403m, $517m), as the UK insurer looks to wind down its operations in Spain.
Pacific Insurance unit buys stake in Chinese asset manager
China Pacific Insurance Co. (CPIC), the country’s third largest life insurer, has bought a 51% stake in Chinese fund management company GTJA Allianz Fund Management and will share ownership of the firm with Germany’s Allianz.
Invesco boosts global ETF offering with Source deal
US-based investment manager Invesco has announced a deal to buy one of Europe’s major Exchange Traded Product (ETP) providers, Source.
M&A: the ‘new normal’ in UK asset management
The merger of Standard Life and Aberdeen is a sign of the times in asset manager consolidation, but who will be the winners and losers from the trend?