M&A Deals
European Wealth snaps up two wealth managers
European Wealth announced on Tuesday it has hired two new wealth managers, Nigel Gilland and David Mellett, from Gerrard Investment Management, which is owned by Barclays Wealth and Investment Management.
standard life Investments buys Ignis for 390m
Standard Life Investments spots £50m of cost savings through Ignis purchase but areas for job cuts are not yet identified.
standard life to bid for ignis
Standard Life has confirmed it is in “exclusive discussions” with Phoenix Group to table a bid for Ignis Asset Management.
Asset managers to merge funds not companies
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
SEB Life buying ILPs intl business for 26m
Irish Life & Permanent Group Holdings is selling its international subsidiary to SEB Life for 26m.