M&A Deals
Santander, UniCredit fund management merger on hold
The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.
Old Mutual Asset Management sale moves closer
Old Mutual is reportedly a step closer to selling its US asset management business, with the group’s board understood to support the deal.
ANZ to sell $4bn life and pension units to boost capital
ANZ Banking Group is looking to sell its life insurance and pension product unit, valued at up to $4bn (£2.76bn, €3.6bn), say media reports.
L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
Amundi buys majority stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.