Platforms
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).
People Moves | 6 Mar 17
Praemium names interim CEO after sacking Ohanessian
Platform provider Praemium has named Robert De Luca as interim chief executive following its decision to part ways with Michael Ohanessian last month.
People Moves | 22 Feb 17
Praemium sacks chief executive Michael Ohanessian
Australia-headquartered platform provider Praemium has terminated the employment of chief executive and managing director Michael Ohanessian.