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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. ” Specifically, ‘Amova’ is an amalgamation of the concepts driving the business. .” ” Specifically, ‘Amova’ is an amalgamation of the concepts driving the business.

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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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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.

Banking 57
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GAM shares turnaround plan to return to profitability

The TRADE

GAM Holding has confirmed its first steps in the turnaround plan for the business, aiming to return the company to profitability following a turbulent period. GAM has already made several new appointments in recent weeks in a bid to grow the business and increase profits, including changes to the group management board.

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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.”

Trading 62
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Deutsche Bank quarterly profits fall despite 11% increase in net revenues

The TRADE

In the second quarter, Deutsche Bank’s asset management business DWS saw more than nine billion euros in net inflows, which were primarily in passive and alternative investment products, according to the business. Our planned share repurchases enable us to deliver on our goals to distribute capital to our shareholders.

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Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed

The TRADE

In Europe, there have been multiple failed attempts to successfully introduce and maintain SFT clearing, with the most recent high-profile cautionary tale coming through Eurex Clearing which announced it was shutting down its Securities Lending CCP service in 2021 as a result of low clearing volumes and a prioritisation of other businesses.   Despite (..)

Finance 57