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Nikko Asset Management to rename as Amova Asset Management

The TRADE

Nikko Asset Management is set to rename itself as Amova Asset Management on 1 September 2025. The post Nikko Asset Management to rename as Amova Asset Management appeared first on The TRADE.

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BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. It is expected to be signed at the end of 2024 and close in mid-2025, pending relevant regulatory approvals. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5

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Research budgets increasing globally for the first time since Mifid II

The TRADE

In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assets managed, US budgets rose 15%, with European budgets up a more modestly by 4%.

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ABN AMRO set to acquire German bank, Hauck Aufhäuser Lampe in €672 million deal

The TRADE

Pending regulatory approval, the transaction is set to be completed in Q1 2025. Robert Swaak The acquisition is set to enhance the asset management segment of ABN AMRO’s business, as well as strengthening its wealth management and E&E (entrepreneur and enterprise) offerings.

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.”

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GAM shares turnaround plan to return to profitability

The TRADE

The loan term will run until June 2025, with an option to extend by another year. Anthony Maarek, managing director of NJJ Holding – of which Rock is a subsidiary, said: “GAM is an important long-term strategic investment for NJJ, and we are committed with management to restoring the company to a best-in-class global asset management firm.

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Royal London Asset Management: ‘At the end of the day, they’re just really good traders’

The TRADE

Royal London Asset Management’s (RLAM) trading team is no stranger to change. The London-based asset manager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. More recently though, RLAM’s trading team has undergone another revamp.