North America
Legg Mason acquires 82% in US-based investment platform
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Morgan Stanley launches factor-based US Sicav
Morgan Stanley Investment Management, the asset management arm of Morgan Stanley, has launched a factor-based US fund providing European investors access to its applied equity advisers team for the first time.
Aviva buys Royal Bank of Canada insurance business
UK insurer Aviva has strengthened its market position in the Canadian market with the acquisition of the Royal Bank of Canada (RBC) General Insurance Company.
Guaranteed products gain in volatile markets, says Beechwood
Beechwood Bermuda, a provider of capital guaranteed investment plans for the international market, said current market volatility has put it on course for record monthly sales.
North America | 29 Jun 16
Bill to replace Cayman Islands’ ‘secrecy law’ tabled
A bill to replace the Cayman Island’s controversial ‘secrecy law’, which would remove criminal sanctions for the unlawful disclosure of information, has been submitted to the jurisdiction’s legislative assembly.