new york life investments enters uk mkt
New York Life Investments is to build up its asset management capabilities and bring them into Europe through the acquisition of Dexia Asset Management for 380m (£320m).
New York Life Investments is to build up its asset management capabilities and bring them into Europe through the acquisition of Dexia Asset Management for 380m (£320m).
Boutique fund and discretionary managed account company ATSG has reincorporated as a UK company.
Two firms in the UK are facing enforcement action and a number of others have been asked to amend practices after a Financial Conduct Authority review found evidence of life insurance and advisory firms “undermining the objectives of the RDR”.
Axa has been heavily fined by the UK’s Financial Conduct Authority for failing to ensure it provided suitable advice to its customers.
Richard Romer-Lee and Nigel Whittingham have opened the doors to their new business venture as they make a return to providing quality fund research in a post-RDR world.
Aberdeen Asset Management has been stung by a £7.2m fine from the UK's Financial Conduct Authority due to breaches of client money rules.
Former England football manager Sven-Goran Eriksson only hates one person, and that is Samir Khan the financial adviser who he claims swindled him of £10m between 2007 and 2010.
The Bank of Ireland is to close its Isle of Man operations by the end of August next year, as it turns its focus on strengthening "core businesses" in the UK and Irish markets.
Ashcourt Rowan is to acquire Generali Portfolio Management's £200m of discretionary assets, while also taking on its seven-strong investment team on completion of the deal at the end of the year.
Legal and General Investment Management (LGIM) net flows increased 100% year-on-year in H1 2013 to £8bn.
JO Hambro Investment Management (JOHIM) has been acquired by Bermuda National for an undisclosed sum.
The number of international insurance entities licensed by the Guernsey Financial Services Commission increased by 46 during the first half of this year.