The TRADE

SEPTEMBER 19, 2024

Oaktree Capital Management has agreed to acquire Close Brothers Asset Management (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.

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The TRADE

AUGUST 29, 2023

UK asset manager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. In addition, the group also considered a partial public offer to purchase “up to” 28 million GAM shares – equating to around 17.5% per share in a bid to halt the offer.

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The TRADE

SEPTEMBER 21, 2023

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. The post Asset managers not prioritising research budgets as prospect of rebundling looms, study finds appeared first on The TRADE.

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CNBC: Investing

JULY 13, 2023

Investors' move to reallocate toward fixed income can boost shares of certain asset managers and brokers.

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The TRADE

JULY 7, 2023

Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest asset management firms in Europe. Earlier this year, UK asset manager Liontrust also entered into a conditional agreement to acquire Swiss asset management company, GAM Holding for £96 million.

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The TRADE

NOVEMBER 14, 2023

As asset managers continue to look for ways to fully capitalise on data, a new SIX report has found that almost half view data velocity as the key challenge in enabling analytics to drive growth. These individuals work across financial institutions, asset managers, wealth managers, investment banks, and asset servicers.

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Global Banking & Finance

DECEMBER 23, 2024

BNP Paribas has formally signed the previously announced 5.1bn ($5.3bn) share purchase agreement for Axa Investment Managers. Axa and BNP Paribas Cardif entered into exclusive negotiations in August to offload Axa’s asset management division.

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The TRADE

JULY 17, 2024

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. There’s no point me buying 27 shares and moving it a penny.

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The TRADE

OCTOBER 11, 2023

Data sharing network Glimpse Markets has added Andra AP-fonden (AP2) to its growing list of buy-side participants. Elsewhere, PGGM, Allianz Global Investors, Bluebay Asset Maagement, Cowe, Exoé, Federated Hermes and Natixis TradEx Solutions have also shown their support.

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The TRADE

FEBRUARY 20, 2024

At the TradeTech FX US conference in Miami last week, a panel of experts including some of the largest asset managers gathered to discuss what the market is prioritising when asking the ever-hot topic of ‘buy versus build,’ sharing their perspectives and empirical advice for 2024 and beyond.

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The TRADE

DECEMBER 29, 2023

Perpetual merges regional asset management businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assets management businesses to form one global division in August.

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Accenture Capital Markets

SEPTEMBER 5, 2023

According to the cyber crime study, an asset management firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. For more on cyber resiliency, read our InsideOps: Cybersecurity for Asset Managers: Shielding Your Firm from Risks.

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The TRADE

MAY 22, 2024

Groupama Asset Management has entered a strategic partnership with Amundi Intermediation to accelerate the transformation of its execution business. Eric Heleine The partnership will see Groupama AM combine its team of traders with Amundi Intermediation to help achieve its ambitions.

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The TRADE

OCTOBER 17, 2024

Eric Heleine, head of the buy-side trading desk at Groupama Asset Management, is set to step away from the firm before the end of the year, The TRADE has learnt. His departure comes in the wake of the new Groupama-Amundi partnership – which he has led for the last two years.

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Global Newswire by Notified: M&A

SEPTEMBER 23, 2024

The closing of the transactions contemplated by the definitive agreement (the “ business combination ”) is subject to certain conditions, including, without limitation, the approval of the shareholders of Kaival Brands and the approval of the listing of the shares of Pubco on the Nasdaq Stock Market (“ Nasdaq ”). GRANT-VALKARIA, Fla.,

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The TRADE

JULY 19, 2024

What is driving the purported ‘comeback’ of traditional asset managers? This alone was enough to make institutional asset managers wary of making moves. However, macroeconomic uncertainty, particularly due to historic inflationary pressures and rising yields, kept traditional asset managers cautious.

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The TRADE

OCTOBER 19, 2023

Rock, in conjunction with the other Newgame investors, will control around 30% of GAM shares once their tender offer has completed, the businesses confirmed. The post GAM shares turnaround plan to return to profitability appeared first on The TRADE.

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The TRADE

OCTOBER 2, 2024

Through this collaboration, Charles River Development can now participate on Glimpse sans technology integration, sharing their fixed income data across the Glimpse network.  Rowe Price and Andra AP-fonden. The post Charles River and Glimpse Markets unveil partnership appeared first on The TRADE.

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The TRADE

SEPTEMBER 22, 2023

Deutsche Börse’s final tender result for its public takeover of SimCorp has been announced today, with the company holding 93.97% of the share capital and voting rights in SimCorp upon completion of the acquisition. The minimum acceptance level is 50% plus one share of all SimCorp shares. SimCorp has been valued at $4.3

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The TRADE

MAY 16, 2024

A DWS Group senior equity trader has departed for pastures new after over 16 years at the asset manager, The TRADE can reveal. Alex Cotar has left the asset management arm of Deutsche Bank to join Bankhaus Metzler as an equity sales trader, according to an update on social media.

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The TRADE

JULY 29, 2024

David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.

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The TRADE

OCTOBER 2, 2023

With this integration, TS Imagine users will now be able to: calculate margin requirements, optimise collateral usage in derivatives markets, analyse drivers and movement in margin exposure, reduce initial margin levels, and maximise margin efficiency.

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The TRADE

MARCH 5, 2024

When it comes to selecting an algo provider, ease of system use, reliability and quality of technical support was the top consideration for asset managers across both sides of the Channel in 2023 – 71% in the UK and 73% in Continental Europe – according to a Coalition Greenwich report.

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The TRADE

JULY 22, 2024

Bill Spencer has been appointed h ead of cl ient s olutions at MarketAxess following five years at UBS Asset Management, most recently as executive director, multi asset centralised trading. The post MarketAxess appoints UBS AM director as head of client solutions appeared first on The TRADE.

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The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

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The TRADE

JANUARY 17, 2024

GAM heads, Mark Hawtin and Jeremy Roberts, are set to join Liontrust Asset Management in the coming months as head of global growth equities, and head of global distribution (ex UK), respectively. The deal, once completed, was set to create a global asset manager with £53 billion in assets under management and administration.

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The TRADE

SEPTEMBER 7, 2023

Sumitomo Mitsui Trust Asset Management has become the latest buy-side institution to onboard Virtu Financial solutions across its execution business.

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Asset Management Trading Management Equities 59

Global Newswire by Notified: M&A

DECEMBER 18, 2024

NASDAQ: PWM) (PWM, or the Company), a wealth management and asset management services provider based in Hong Kong, today announced that, on December 16, 2024, it completed its acquisition of all shares of InnoSphere Tech Inc (InnoSphere Tech), a company incorporated under the laws of the British Virgin Islands.

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The TRADE

MARCH 4, 2024

Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management. The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter.

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The TRADE

MARCH 4, 2024

Previously in his career he spent a year and a half at Fideuram Asset Management Ireland as a trader in equity and derivatives and spent nearly three years at ING Eurasia ZAO in money markets roles. Corrigan joined LGIM in 2016 as a trader in equity and FX trading, receiving a promotion to senior trader in 2019.

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The TRADE

OCTOBER 18, 2024

Historically, the technology and processes to support manual data reconciliations have been very much geared towards addressing challenges around sharing the data, looking at the data and then using very linear technologies over the top. What is the key driver behind the push for real-time data sharing?

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The TRADE

JUNE 28, 2023

Groupama asset management has also been working with Wavelabs on its European fair value initiative. “It It is very interesting angle to share the power of FV forecast as an external data feed,” Groupama AM head of trading, Eric Heleine told The TRADE. Traders and PMs can then pick and choose the ones that are relevant to them.”

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The TRADE

JANUARY 30, 2024

Electronic trading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found.

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Equities Trading Electronics Asset Management 80

The TRADE

NOVEMBER 21, 2023

Speaking to The TRADE Annelotte De Nanassy , senior product manager, financial information at SIX, explained: “SIX Bot was created as a direct result of feedback from our clients.

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The TRADE

DECEMBER 12, 2023

“Together, SimCorp and Alloy will be uniquely positioned to offer exactly that to our shared clients: one integrated platform to manage truly all asset classes.” Alloy’s clients consist of a range of firms including family offices, hedge funds and listed asset managers.

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The TRADE

NOVEMBER 28, 2023

As part of our mission to improve markets, we proactively seek to share our knowledge and expertise as a way of driving progress throughout our industry,” said Jan Boomaars, chief executive of Optiver. “A

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Global Newswire by Notified: M&A

AUGUST 23, 2024

million being settled in the form of 1,900,000 class A ordinary shares and 500,000 class B ordinary shares of the Company issuable to the seller and key employees of Wealth AI. HONG KONG, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. or Wealth AI, a company incorporated under the laws of Republic of Singapore.

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