M&A Deals
Elian sold to Dutch firm Intertrust
Jersey headquartered fiduciary services company Elian Group is to be sold for £435m ($627m, €553m) to Dutch trust and corporate services provider Intertrust.
Close Brothers AM buys Eos
Close Brothers Asset Management has acquired the chartered financial planning firm, Eos Wealth Management, for an undisclosed sum.
Barclays Africa to expand insurance business into Ghana
Barclays Africa Group (BAGL), one of South Africa’s ‘big four’ banks, is looking to expand its insurance business into Ghana, local media reports suggest.
Investment | 31 May 16
Alliance Trust shares climb as merger talks revealed
Scottish-based investment firm Alliance Trust has announced it has entered talks with RIT Capital Partners on a merger of the two companies.
Axa restructures, sells last UK operations to Phoenix
French insurance giant Axa announced the sale of the remaining parts of its UK business to the Phoenix Group on Friday, and unveiled a new-look global business structure from incoming chief executive Thomas Buberl.