'We’re going to make acquisitions on a scale we never have before'.
Rising markets aren’t a haven for money managers.
Deutsche Bank said that it is making progress in its planned partial initial public offering (IPO) of its asset management unit, according to a recent memo to staff.
A list no firm wants to be on!
Britain’s departure from the EU has pushed many of the UK’s largest investment companies to take action to protect their businesses even before formal negotiations over the terms of Brexit begin.
BNP Paribas plans to increase the assets run by its fund management arm by 5% a year to 2020 and speed up the development of the business in Germany, China and the United States.
Asset manager Henderson revealed investors withdrew £1.8bn from its funds over the last quarter but defended its performance by saying there had been an "improvement in client sentiment".
Stemming the tide.
Goldman Sachs' Suneil Mahindru, head of international stock investing, is relocating to the U.S. from London after the firm decided to close a European-equities investment fund, according to a person with knowledge of the matter.
HSBC is planning to pursue deals to expand in asset and wealth management as the bank seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.