Julius Baer takes stake in Shanghai wealth manager
The Swiss-based private bank will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
The Swiss-based private bank will purchase a $17.5m stake in Jupai, a US-listed Chinese wealth manager.
MUFG Investor Services, the global asset servicing arm of Tokyo-based Mitsubishi UFJ Financial Group, has acquired UBS Asset Management’s Alternative Fund Services (AFS) for an undisclosed sum.
South African investment firm Ashburton Investments will acquire 100% of Atlantic Asset Management, a boutique fixed income asset manager based in Cape Town, for an undisclosed sum.
The European fund universe contracted during Q3 2015, with 646 funds liquidated or merged and only 453 new products launched, according to Lipper, a Thomson Reuters company.
Davy Private Clients (UK), the wealth management and financial planning division of Dublin-headquartered Davy Group, is to acquire Northern Irish wealth management firm Pension & Financial Consultants (PFC) for an undisclosed sum.
Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.
Former Bellpenny operations director Dawn Pearce-Herzberg has launched Vines Row, a new business venture that she believes will provide a key missing ingredient to the existing IFA acquisitions market.
PraxisIFM, a Guernsey-based independent financial services group, announced that it plans to acquire Guernsey-based financial services company Confiance Limited for an undisclosed sum.
Swiss-based insurer Zurich has moved to strengthen its business in Hong Kong with an agreement to buy Kono Insurance, an authorized general business insurer.
Aberdeen Asset Management has firmly denied rumours it is looking for a sale.
PraxisIFM, a Guernsey-based independent financial services group, announced on Thursday that it has expanded its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services.
Fund service provider JTC Group has added to its fast-growing acquisition list with the purchase of GAM’s fund administration business in the Cayman Islands.