Asset Management

GSAM has recently launched its first ETF fund, Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF, into the European market. US-based international banking and financial services firm BNY Mellon has been contracted to deliver a suite of asset services...

The combination of First Defiance and United Community is expected to have nearly $6.1bn (£4.95bn) in assets, $5bn (£4.05bn) in loans and $4.9bn (£3.97bn) in deposits, based on financial information as of 30 June 2019 First Defiance Financial has agreed...

BNP Paribas Asset Management  announces the appointment of Ulrik Fugmann and Edward Lees as Senior Portfolio Managers, based in London. They joined on 17 June and report to Guy Davies, CIO of Equities. They will manage a global long-short sustainability-themed...

The Corporate and Investment Bank of JP Morgan has entered into a partnership with StatPro Group to develop multi-asset risk and performance attribution capabilities for asset managers. JP Morgan stated that the solution will be available through its flagship data...

J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc and Randy Crisorio, the owner of United Development Systems, Inc. announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially...

Invesco, a US investment management company, has completed acquisition of global asset manager OppenheimerFunds from Massachusetts Mutual Life Insurance (MassMutual). The acquisition of OppenheimerFunds has expanded the total assets under management (AUM) of Invesco to $1.2trillion (£0.94trillion). OppenheimerFunds was acquired by...

Nutmeg, the UK’s largest digital wealth manager, is expanding into Asia, announcing the launch of its first strategic partnership, in a deal with Taipei Fubon Bank. Since launch in 2012, Nutmeg has amassed more than 70,000 UK customers and its...