Industry
Old Mutual completes Singapore acquisition
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
Strong net flows boost LGIM’s pension assets
Legal & General Investment Management (LGIM) reported a 402% increase in external net asset flows in its annual results, rising from £7.5bn ($10.8bn, €9.7bn) in 2014 to £37.7bn in the year to 31 December 2015.
People Moves | 15 Mar 16
PEOPLE MOVES: Cazenove Capital, Natixis, M&G Investments…
Cazenove Capital has changed its head of wealth management in Singapore; while Natixis AM has named a new chief executive following the departure of incumbent Pascal Voisin. South Africa’s Standard Bank has also appointed a chief executive, while M&G Investments named a new fund manager to its multi-asset team.
SocGen buys Kleinwort Benson to create WM behemoth
Societe Generale has agreed to buy Kleinwort Benson’s UK and Channel Islands wealth management businesses for an undisclosed sum.
Retirement | 15 Mar 16
Carey sells int’l pensions arm to Overseas Trust and Pension
The Guernsey-based international pensions business of Carey Group is to be acquired by Overseas Trust and Pension.