Investec’s UK specialist banking arm is expected to report numbers significantly ahead of the previous year, the firm said at its pre-close briefing on Thursday. But, it warned currency and equity volatility are liable to provide headwinds to its wealth and asset management businesses.
Multi-currency offshore platform Novia Global is ready to go live at the end of the month, offering a streamlined system for advisers serving expats across different jurisdictions.
Aberdeen Asset Management has announced it has bought 100% of Advance Emerging Capital, further underlining its intention to extend its capabilities within the alternative investment space.
The entrance of large technology companies into the retail distribution space is one of the biggest threats facing the asset management industry, the latest Investment Association survey reveals.
Close Brothers Asset Management has partnered with Distribution Technology to improve the risk profiling of both its funds and discretionary management service.
Dutch insurance giant Aegon is looking to sell its annuity business in the UK, following on from a move by the French insurer Axa to offload its British business, as international insurers react to the changing regulatory environment.
Hargreaves Lansdown shares jumped 6.1% this morning to 1183p as investors welcomed a solid set of final results from the self-styled ‘investment supermarket’.
Ashmore Group has shed 21.5% of its assets under management over the past year as investors shunned emerging markets, the company reported today.
Generally speaking, when a company announces plans to cut its dividend, sell assets and raise equity, it is not followed by a 10% spike in its share price.
Ashmore Group founder Jerome Booth has launched an emerging markets-focused boutique asset manager.
Aberdeen has acquired Parmenion Capital Partners and its sister company Self Directed Holdings in a bid to bolster its financial technology offering.
The Financial Conduct Authority is investigating unusual increases in share price prior to Aviva’s merger with Friends Life, according to reports.
