The parent company of Threadneedle Investments is set to make an £800m bid for Scottish Widows Investment Partnership, the fund management arm of Lloyds Banking Group. Ameriprise Financial, a New York-listed giant with a market value of close to £10bn, is leading a pack of bidders for
Read more →UK Retail Investment Industry Social Media Insights Once again the time has come for the production of Fishtank’s latest Quarterly Social Media Intelligence report for the UK Investment Management industry. As we work our way through our detailed ‘Listening’ criteria and review preliminary results, already there is
Read more →Threadneedle Investments has promoted Nick Ring to head of distribution and as a member of its business executive committee. Ring replaces Campbell Flemming, who became CEO at the start of March. He will be responsible for leading the firm’s sales, client service, marketing and product development programmes.
Read more →Kames Capital joint chief executive and chief investment officer Andrew Fleming has stepped down after eight years with the firm. The asset manager is splitting Fleming’s role with Aegon Asset Management CEO Sarah Russell taking over as Kames CEO while a long-term replacement is sought. Jones has
Read more →Another interesting discussion from the Perpetual Limited, Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for the six months ended 31 December 2012 included the summary of Australian Funds Management Flows from 2000 to 2012 ‘Based on September 2012 Plan for Life data, the Australian funds
Read more →We came across this commentary while reading the Perpetual Limited, Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for the six months ended 31 December 2012, and thought it was a useful summation of how the the Australian regulatory environment continues to be subject to significant
Read more →A wave of regulatory change, combined with the shifting needs of advisers in the self-managed super (SMSF) fund space, could serve to drive financial advisers away from platform-based investment strategies. Senior technical manager at Colonial First State Craig Day told InvestorDailythat a lot of SMSF advisers are now
Read more →L&G this week acquired the 75 per cent of Cofunds it did not already own for £131m following months of negotiations between the businesses. Cofunds is currently the largest platform in the UK with around £50bn in assets, and the deal values the platform at £175m (to be
Read more →Colonial First State has appointed Geoff Peck as its new general manager, marketing and distribution as part of a reshuffle in its upper management. Peck joined CFS at the beginning of March and will report to Linda Elkins, CFS executive general manager. Previously the managing director of individual
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