Africa
Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
Panama Papers take down law firm Mossack Fonseca
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
Asset management chiefs share six industry concerns for 2018
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
Old Mutual hit with US lawsuit
South Africa-headquartered Old Mutual has confirmed it is facing a legal claim related to “pre-existing plc head office legacy items relating to previously disposed US assets”.
Sanlam to take over Moroccan insurer in $1bn deal
Sanlam will take full control of Morocco’s Saham Finances for $1.05bn, and is actively looking for other acquisitions that will make it “number one, two or three” in the markets in which it operates.