Business moves Archives - Page 24 of 57

Abrdn boosts sustainability efforts

A chief sustainability officer is chosen as the UK asset manager converts funds to sustainable products.

The change marks a “significant milestone” in the integration of the two firms.

The deal is intended to create economies of scale.

The Swiss bank ramps up its Asia equity capability.

It merges with seven other St James’s Place businesses in the territory.

The $5m acquisition of the private market feeder fund platform extends the partnership between the firms.

Yet, the asset manager is upbeat for this year on expectations of demand for active funds.

The strategic partnership is expected to boost their family office and asset management businesses in Asia.

The asset manager emphasises its responsible and sustainable investing credentials.

The bank said it was restoring “a trend of consecutively higher earnings” as the effects of the pandemic ease.