JTC acquires Kleinwort Benson's fund admin business 03/07/2015 Independent corporate, fund and private client service provider JTC has bolstered its global fund servicing capabilities with the acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
J.P Morgan offloads £370 million of client assets to Hargreaves Lansdown 30/06/2015 Bristol-based Hargreaves Lansdown, one of the UK’s biggest investment platforms with over £52.4 billion of assets administered for 707.000 investors through its Vantage Service, has agreed to acquire around six percent of assets held in J.P. Morgan Asset Management individual client accounts.
Caledonia purchases majority stake in Seven Investment Management 22/06/2015 Caledonia Investments plc, a London listed investment trust in which the Cayzer family retains a significant interest, has agreed to acquire a majority stake in Seven Investment Management, a London-based discretionary fund management, retail investment funds and platform services firm.
US DOJ gives go ahead for Advent deal 18/06/2015 The United States Department of Justice (DOJ) has cleared SS&C Technologies Holdings acquisition of wealth management software firm Advent Software.
L&G reported selling a wealth unit & other assets 16/06/2015 Legal & General Group has put its insurance and private banking businesses in France up for sale, as part of a reorganisation to divest itself of non-core interests, according to French reports.