All articles by Verdict Staff
Verdict Staff
UK wealth and asset management AUM to reach £1.1 trillion in 2017
Despite a weak growth in economy, UK wealth and asset management sector’s assets under management (AUM) is forecast to increase 5.1% in 2017 to £1.1 trillion, reaching £1.24 trillion in 2020, according to the EY ITEM Club outlook for financial services.
Congress Asset Management to acquire Century Capital
Wealth manager Congress Asset Management has agreed to purchase the investment management business of Century Capital Management for an undisclosed amount.
GAM names institutional sales head for UK and Ireland
Swiss money manager GAM has appointed Ben Edwards as its head of institutional sales in the UK and Ireland.
RLAM gross inflows surge to £6.7bn in 2016; AuM reaches £100bn
Royal London Asset Management (RLAM), the asset management unit of Royal London, has registered gross inflows of £6.7bn during the year 2016, a surge of 116% compared to £3.1bn a year ago.
Dalton Strategic Partnership acquires MSK Capital Partners
British fund manager Dalton Strategic Partnership (DSP) has acquired local alternative investment management firm MSK Capital Partners for an undisclosed sum.
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Law firms launch dedicated fintech practices for Singapore and Malaysia
Law firms Allen & Gledhill and Rahmat Lim & Partners have jointly introduced their financial technology practices for Singapore and Malaysia respectively.
CEFC China to acquire 19.9% stake in Cowen Group
China Energy Company (CEFC China) has agreed to acquire a 19.9% stake in New York-based diversified financial services firm Cowen Group for $100m.
PIMCO hires private strategies head
American investment management firm PIMCO has appointed Gregory Hall as its new managing director and head of private strategies.
North American wealthy investors prefer blend of human and robo advisory services
Two-thirds of emerging wealthy and high-net-worth investors in North America favour hybrid financial advisory services over human-only or robo-only services, according to a research by Accenture.
Indosuez Wealth Management names global head of real estate
Indosuez Wealth Management, the global wealth management arm of French banking group Credit Agricole, has named Vincenzo Salari as its new global head of real estate in the markets and investment solutions division (MIS) unit.