A broadening market: Will the Magnificent Seven continue to motor in 2024?
Mega cap tech stocks led the way in 2023, but market performance widened in the final two months
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Mega cap tech stocks led the way in 2023, but market performance widened in the final two months
34% of GAM shares were tendered into the offer
Offer at a 29.1% premium to the fund manager’s proposal
Backed by 84% of votes at a general meeting held on 7 July
Proposed takeover will create a business with £53bn AuMA
Deal would create a business with around £100bn of assets under management
Regulator hires director of international, as asset manager names CFO
Trade body to recruit interim CEO, while Asian life insurance giant names chairman
Swathe of resignations hit UK government including Chancellor and Treasury secretary, while Swiss wealth manager names India CEO
Ombudsman hires CEO, as financial services group names associate director of UAE office
Sacked bond manager received £22,000 worth of gifts and entertainment
Financial planning firm makes c-suite change, as platform hires strategic partnerships director