Standard Life Investments and Aberdeen Asset Management plan to make the massive cuts and rename the merged investment groups to `Aberdeen Standard Life Investments’.
Category: Business moves
Capital Group partners with AIA Hong Kong in ILAS push
Fund manager Capital Group is teaming up with AIA Hong Kong to introduce long-term investment solutions through the AIA investment linked assurance scheme (Ilas).
China’s HNA Capital takes top stake in Deutsche Bank
Chinese financial services group HNA has become the biggest shareholder in Deutsche Bank after increasing its stake to just under 10%, overtaking the Qatar royal family and BlackRock.
CPIC buys GTJA Allianz Fund Management
China Pacific Insurance Co. (CPIC) announced the acquisition of a 51% stake of GTJA Allianz Fund Management from Guotai Junan Securities for RMB1.05bn ($152m).
UBS AM eyes the onshore China market
UBS Asset Management has launched a Hong Kong mutual fund platform, setting sights on distribution into onshore China market, said Markus Egloff, head of wholesale client coverage for Asia ex-Japan.
Standard Life mulls post-Brexit move to Dublin
Insurance and investment giant Standard Life is considering moving its European hub to Dublin as it prepares for the UK to pull out of the EU single market, the firm’s chairman Gerry Grimstone has said.
US robo advisor eyes Asia
Marketriders, a US robo advisor recently acquired by broker Sogotrade, has its sights on the China market, though strict capital controls are an obstacle, said Sogotrade CEO Jonathan Yao.
Citi joins trend of China index inclusion
Citi’s EM and regional government bond indices will add China, following a similar move by Bloomberg Barclays. However, Chinese government bonds will not join Citi’s larger World Government Bond Index (WGBI).
Investors like Aberdeen and Standard Life merger
News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
Aberdeen and Standard Life talk possible merger
Following the Henderson/Janus merger, Aberdeen Asset Management and Standard Life are in discussions on a possible union.
