M&G reports 5% profits rise for 2024
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
asset managers
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Natixis IM and Generali Investments merge to create £1.6trn asset manager
The deal, which is expected to close early next year, creates Europe’s second largest asset manager by AUM and largest by revenue
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Carne: Private markets due for expansion, but access and regulation barriers remain
Over 75% of wealth managers report losing clients due to lack of adequate private market access
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Asset managers report elevated gross retail sales in first quarter
Passive funds were the most popular purchase, accounting for 74% of sales over the period
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FE Fundinfo announces distribution channel services
aimed towards asset managers facing fee changes
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Marlborough rebrands to bring all units under one banner
Three businesses folded into one brand
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Liontrust names Cook as head of UK distribution
He joined the firm in March 2018 as a sales manager
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Invesco names director of ESG research
Molly Betournay joins from Vermont-based advisory firm
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Evenlode lines up Marlborough’s IFSL to oversee £5.5bn fund trio
IFSL to become authorised corporate director (ACD)
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Goldman Sachs AM promotes 53 staffers to managing director
Effective from 1 January 2024
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DWS shares fall as asset manager’s inflows underwhelm
Net inflows including cash were €2.3bn (£2bn)
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Gresham House takeover gets green light from FCA
The £11.05 per share offer values Gresham House at £469.8m