Schroders’ AUM reaches new high but net outflows fall by £2.3bn
Group warned of Q4 £8bn outflow from legacy Scottish Widows mandate
Companies
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FCA issues warning notice to Crispin Odey
Regulator has accused the former hedge fund boss of a ‘lack of integrity’ in handling Odey Asset Management’s governance
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Amundi Q3 results: Net income, revenue growth and AUM increase by double digits
CEO says company is ‘ideally positioned to seize growth opportunities’
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Mirabaud AM names CEO as part of wider group leadership changes
Current deputy managing director Umberto Boccato will succeed Lionel Aeschlimann at the start of 2025
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Hargreaves Lansdown sees 125% increase in net new clients ahead of next year’s acquisition
CEO Dan Olley said the business remains ‘as committed as ever’ to supporting clients
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HSBC to split business into four separate entities
New UK, Hong Kong, Corporate and Institutional Banking, and International Wealth and Premier Banking businesses.
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AJ Bell posts 22% AUA increase despite ‘unhelpful’ Budget uncertainty
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
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Man Group suffers $5.5bn net outflow after large client redemption
$7bn withdrawal from a single client had been flagged in Man Group’s half-year results in July
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Rathbones: Funds under management rise but net inflows dip in Q3
The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m
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St. James’s Place: Steady net inflows lead to record funds under management
Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year
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Legal & General names retail division CEO
Current CEO of private markets Laura Mason will take on the role as Bernie Hickman exits
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Brooks Macdonald: Outflows remain steady amid Budget uncertainty
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management