PEOPLE MOVES: Momentum, Aberdeen Standard, Generali
Plus, managing director of Aussie financial services firm will leave role with A$1.2m handshake
Plus, managing director of Aussie financial services firm will leave role with A$1.2m handshake
International Adviser speaks exclusively to CEO Giorgio Daboni and CCO Nick Griffin about life after Generali
The move by the Insurance Authority-regulated company affects Vision and Choice products
The Utmost Group now has over £33bn in assets under administration and over 240,000 customers
The firm’s banking arm has also agreed to buy 90% of a Swiss wealth manager
To expand European insurance business and the sale of life and asset management products
Agreement aims to expand insurance linked investment business across Europe
Venture with ex-Alliance Bernstein chief to undercut rivals on fees
The move sweetens the firm’s acquisition by Utmost Wealth Solutions
Utmost Wealth Solutions will extend its operations to Latin America, the Middle East and Far East following its acquisition of Generali Worldwide.
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Italy’s Generali Group is increasing its stakes in two insurance joint ventures in India to 49% up from 25.5%, “underscoring its commitment to growing its presence in the local insurance market”.