Platforms
Praemium agrees to showdown with ex-CEO Ohanessian
Australia-based platform provider Praemium will hold a shareholder meeting at the request of recently sacked chief executive Michael Ohanessian after he launched a bid to oust chairman Greg Camm and three directors.
Sacked Praemium CEO Ohanessian tries to oust chairman
Former Praemium chief executive Michael Ohanessian has requested the company hold a general meeting in a bid to oust chairman Greg Camm and three directors.
Asset management sector review dwarfs RDR, says Nucleus CEO
The UK Financial Conduct Authority’s report into the asset management sector is “way bigger” than the retail distribution review (RDR), with fund managers expected to “bear the sharp end of the pressure on fees”, says David Ferguson, chief executive of wrap platform Nucleus.
UBS targets mass affluent market with new wealth platform
Swiss banking giant UBS has rolled out a new digital platform in the UK targeting a broader pool of investors.
Allfunds Bank to be sold in €1.8bn deal
Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).