Luxembourg-based International Wealth Insurer (IWI), has been sold by state-owned Belfius Insurance to Foyer, a major private financial group in the Duchy, creating a new player in the international life insurance sector.
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.
Old Mutual Wealth Private Client Advisers, a UK financial advice service, has struck a deal to acquire the financial planning firm DQS Financial Management.
News of Microsoft’s LinkedIn acquisition has generated mixed views over its merit.
Further asset management consolidation is on the horizon but the line between predator and prey is increasingly blurred Numis said in a note on Friday.
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.
Mexican insurance regulator National Commission of Insurance and Finance (CNSF) has approved the sale of the local arm of UK-based RSA Insurance Group by Colombia’s Grupo Sura.
Jersey headquartered fiduciary services company Elian Group is to be sold for £435m ($627m, €553m) to Dutch trust and corporate services provider Intertrust.
Close Brothers Asset Management has acquired the chartered financial planning firm, Eos Wealth Management, for an undisclosed sum.
