AMP rebrands capital markets arm before demerger
Nearly a year after the scission was announced
Demerger
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AMP to shed private markets investment management arm
After M&A talks with a US equity firm fell through
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London-based family office advisory firm demerges
It is a ‘logical and exciting next step’ to create a UK and an international business
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Australian bank halts wealth management demerger
Update follows CBA’s commitment to prioritise recommendations from the Royal Commission
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Prudential offloads £12bn annuity book as it carves out M&G
Prudential is selling £12bn ($16.7bn, €13.5bn) of its UK annuity portfolio in a landmark deal to Rothesay Life, as part of a major revamp that will see its UK and Europe business, M&G Prudential, become a separately-listed company.