M&A Deals
Old Mutual prices shares in asset management unit
Old Mutual has announced a public offering of 13 million ordinary shares in New York-listed Old Mutual Asset Management (OMAM), as moves towards breaking its business into four separate units.
ABN Amro exits Asia and Middle East in Liechtenstein sale
The Dutch bank ABN Amro is to sell its private banking operations in Hong Kong, Singapore and Dubai totalling $20bn (£15.7bn, €18.6bn) in assets under management to LGT, the two groups announced in separate statements on Tuesday.
Australia’s IOOF considers buying ANZ’s wealth business
Australian-listed financial services firm IOOF Holdings has indicated it is interested in buying the ANZ bank’s domestic wealth management business.
Standard Life confirms Elevate staying a standalone platform
Standard Life has confirmed that Elevate will continue as a distinct platform after months of speculation that it could be combined with the investment firm’s Wrap proposition.
Charles Taylor agrees to buy Zurich’s closed book
Isle of Man-based Charles Taylor has agreed to buy one of Zurich’s closed book of international life assurance business as well as Allied Dunbar International Fund Managers.