Baillie Gifford dominates star fund manager list
Baillie Gifford has ranked first in the 2022 FE fundinfo Alpha Manager List with a total of 13 of its fund managers making the prestigious…
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Scots mergers, acquisitions, deals top £16bn
The value of mergers, acquisitions and share deals involving Scottish registered corporates soared from £4.9 billion in 2020 to £16.4 billion in 2021, according to…
Cumming among three big Newton Investment hires
Newton Investment Management, part of BNY Mellon Investment Management, announced it hired veteran Scottish fund manager David Cumming and Abrdn portfolio manager Georgina Cooper for its…
Standard Life in £1.7bn Gallaher bulk annuity deal
Standard Life, part of Phoenix Group, said it has concluded a £1.7 billion bulk purchase annuity (BPA) transaction covering all members of the Gallaher Pension…
Gilbert’s AssetCo given extra week for RMG bid
Martin Gilbert’s investment firm AssetCo plc has been given another extension to the deadline by which it must make an offer for fund manager River and…
Sturgeon embraces finance sector with new board
First Minister Nicola Sturgeon and Scottish Financial Enterprise chair Philip Grant are to co-chair a “refocussed” national board to “ensure the crucial role of financial…
Gilbert’s AssetCo still in RNG talks as rival pulls out
Premier Miton Group announced it has withdrawn from acquisition discussions with the board of fund manager River and Mercantile Group (RMG). This leaves Martin Gilbert’s investment firm AssetCo…
Swiss Re exits Phoenix with £440m share sale
Reinsurance giant Swiss Re has sold its remaining 6.6% shareholding in closed life and pension fund consolidator Phoenix Group Holdings by selling 66,199,917 ordinary shares…
Swiss Re to sell 6.6% Phoenix stake worth £453m
Merrill Lynch International (BofA Securities) said on Tuesday it has been appointed by Swiss Re as sole bookrunner for a proposed secondary sale of approximately…
Phoenix-Standard Life in £4bn bulk annuity deals
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced that it completed four Bulk Purchase Annuity (BPA)…
Gilbert gets more time on River and Mercantile bid
The UK’s Takeover Panel has extended the deadline to January 18 by which Martin Gilbert’s investment firm AssetCo plc and rival suitor Premier Miton Group…
Gilbert’s AssetCo mulls River and Mercantile bid
Martin Gilbert’s investment firm AssetCo plc is one of two companies that have made preliminary bid approaches for fund manager River and Mercantile Group (RMG),…
Andrew Milligan joins Devlin Mambo as board advisor
Edinburgh-based asset management advisory firm Devlin Mambo have announced the appointment of Andrew Milligan to the position of board advisor. Milligan is the former Head of…
Wealth management jobs boom in Scotland
Wealth management is enjoying a jobs boom in Scotland, with a number of UK-wide firms setting up hubs in Scotland with experts predicting that more…
Hoctor-Duncan becomes CEO at Gilbert’s R&M
River and Mercantile Group’s chief executive James Barham will move to Schroders as part of its purchase of R&M’s fiduciary arm Solutions for an enterprise value of…
SFE appoints Tumilty and Knox to its board
Scottish Financial Enterprise (SFE) said it has appointed two new non-executive board members — Mike Tumilty of abrdn and Louisa Knox of Shepherd and Wedderburn —…
Phoenix rolls out Standard Life brand across products
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, has announced a programme of investment in the iconic Standard…
Gilbert’s AssetCo completes Parmenion deal
Martin Gilbert’s investment firm AssetCo plc announced it has completed the acquisition of a 30% equity interest in Parmenion Capital Partners LLP, a discretionary investment…
Gilbert’s AssetCo hires ex-Aberdeen exec Draper
Martin Gilbert’s investment firm AssetCo plc has announced that Lucy Draper will join the business as Director – Distribution. Draper was previously Director, Business Development…
Aberdeen Standard: Fed ambiguity comes at a price
US Federal Reserve chair Jerome Powell stopped short on Friday of signaling the timing for any reduction in the US central bank’s asset purchases beyond…
Phoenix to invest in Standard Life brand
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, said on Wednesday it plans to grow its…
Swiss Re sells half its Phoenix stake for £437m
Swiss Re said on Wednesday it has reduced its shareholding in Phoenix Group Holdings plc, acquired in the sale of ReAssure in 2020, by selling…
Phoenix ends talks to sell European businesses
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Edinburgh-based Standard Life Assurance, said on Tuesday that talks to sell its…
Moody’s affirms Standard Life Aberdeen rating
Debt rating agency Moody’s Investors Service has affirmed Edinburgh-based asset management giant Standard Life Aberdeen plc’s A3 long-term issuer rating, and Baa1(hyb) subordinate (domestic) rating….
Aberdeen completes €2.5bn Nordic real estate deal
Edinburgh-based investment giant Aberdeen Standard Investments (ASI) and DEAS Group, the asset and property management group in Denmark, said on Monday they completed the €2.5 billion…