Canaccord Genuity completes acquisition of Cantab Asset Management
Investment professionals and support staff at Cantab will keep existing roles
Companies
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Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
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Aegon, Quilter and Fidelity sign up to The Platforms Association
New trade body will co-ordinate and promote the industry’s interests
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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M&G: Net client flows and pre-tax profits dip in H1 results
IFRS losses after tax amounted to £56m, compared to a £309m profit during H2 last year
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Aviva profits jump 14% to £875m in first half of 2024
The increase was driven by improved profitability in its General Insurance businesses
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Janus Henderson acquires global private credit firm
Victory Park Capital manages $6bn assets
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L&G Asset Management profits drop 14% following strategy shakeup
The fees involved with merging its investment management and capital divisions proved costly, weighing on its half-year results
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Quilter sees 164% increase in core net inflows in H1 2024
Company also achieved a 28% increase in adjusted profit
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H1 results: abrdn posts 7% dip in net revenue but sees 2% uptick in AUMA
The business was impacted by outflows and lower margins in its Investments arm
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UBP to acquire Kleinwort Hambros
As part of wider deal with Societe Generale
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St. James’s Place discusses ‘future strategic focus’ in H1 results
Plans for cost base reduction aim to reach full run-rate savings of £100m by 2027
