Industry
DeVere chief: ‘STM was the best of a bad bunch’
DeVere founder and chief executive Nigel Green said he bought a 24% stake in financial services group STM after struggling to find a good European provider to invest in, referring to the company as the “best of a bad bunch”.
Deutsche Bank eyes €1.8bn asset management IPO
Deutsche Bank has set a price of €7.2bn (£6.4bn, $8.9bn) on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.
Woodford sold AJ Bell before IPO announcement
Neil Woodford sold out of AJ Bell just before the broker and platform provider confirmed plans to float on the London Stock Exchange.
Australia’s Macquarie Group to buy Luxembourg asset manager
The investment management division of Macquarie Group is to acquire Luxembourg-based ValueInvest Asset Management for an undisclosed sum.
Best Practice | 12 Mar 18
FCA: Regulations ‘only go so far’ in changing culture
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.