Barclays
People Moves | 6 Sep 16
PEOPLE MOVES: Axa IM, Old Mutual, Standard Life
Axa Investment Managers has named a global head of product, retail and institutional development, while Old Mutual Global Investors has created a country head position in Italy. Following a battle with cancer, Standard Life’s head of adviser engagement has died.
Barclays and Deutsche continue non-core business sell-off
Barclays has completed the sale of its Italian retail banking network, while Deutsche Bank is to sell its subsidiary in Argentina, as the banks continue to rationalise their footprints and business strategies.
Barclays sells Spanish pension assets and liabilities
Barclays is continuing to offload its non-core operations, selling its Spanish pension assets and liabilities to Vidacaixa, S.A.U. de Seguros y Reaseguros, a member of the Caixa Group.
Barclays Africa to expand insurance business into Ghana
Barclays Africa Group (BAGL), one of South Africa’s ‘big four’ banks, is looking to expand its insurance business into Ghana, local media reports suggest.
Barclays reduces stake in Barclays Africa, nets £603m
Barclays sold a 12.2% stake in Barclays Africa Group Ltd (BAGL) on Wednesday, as part of its ongoing efforts to extricate itself from the business.