All articles by Vidyasagar Maddela
Vidyasagar Maddela
SBI and Amundi to sell 10% SBI Funds Management in IPO
SBI, which currently holds 61.9% of the asset manager, will offload 6.3% of its stake, while Amundi, which owns 36.4%, will sell 3.7%.
Charles Schwab to acquire Forge Global in $660m deal
Forge operates a private market platform that has facilitated more than $17bn in private company share transactions.
State Street in talks to acquire stake in Indian mutual fund – report
The company intends to collaborate with the Indian firm by sharing its technology to help develop investment strategies.
Wealth Enhancement acquires Wise Wealth
Wise Wealth operates from offices in Lee’s Summit, Rolla, and Liberty.
Millennium Management divests 15% stake to investor group
This stake sale shifts the ownership structure of the hedge fund, which was previously entirely owned by its founder.
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AssetMark to acquire Efficient Advisors to expand RIA footprint
Efficient Advisors brings approximately $3bn in client assets into AssetMark’s national RIA platform.
Indian regulator blocks SBI’s bid to increase stake in Investec JV-report
SBI Capital Markets, a subsidiary of State Bank of India (SBI), sought approval to increase its holding in the JV from 20% to around 40%.
HSBC expands Innovation Banking business to Singapore
Neil Falconer has been appointed to head HSBC Innovation Banking’s Singapore arm.
Generali and BPCE likely to abandon asset management merger – report
The talks may conclude without a deal due to opposition from the Italian government and potential management changes at Generali.
Barclays seeks CMA licence to expand into Saudi Arabia
The CMA licence allows the British bank to initiate investment banking and global markets activities in the Kingdom.