Asset Management

Aberdeen Group has appointed Torbjörn Magnusson to its board as a non-executive director and chair-designate. The appointment, which is effective immediately, will see Mr Magnusson take over from interim chair Jonathan Asquith, who stepped in after Sir Douglas left the role following the AGM in

Toscafund Asset Management-led consortium to acquire Spire Health for 250p in cash per Spire share, valuing the hospital operator at £1.03billion, with an implied enterprise value of £2.3bn The offer represents a 66.2% premium to Spire’s undisturbed share price of 150.4p on 13 May

The chief executive of Royal London Asset Management (RLAM) has announced that he has stepped down after five years in the role. Hans Georgeson took up the top job in 2021 following 10 years as the chief executive of Architas Asset Management, overseeing its growth from a start-up UK business to a 3

The Financial Conduct Authority (FCA) has sounded the alarm over a handful of asset managers dominating the ballooning private credit market. Following a review of the latest UK Alternative Investment Fund (AIF) data between 2021 and 2025, it found that the top five asset managers hold 28% of the ma

M&G has swung to a £165m loss for the six months of the year, driven by a £325m write-down, due to the Labour government's introduction of a cap on existing ground rent. The insurer and asset manager still managed to beat market expectations. Adjusted operating profit, which excludes

US asset management giant AllianceBernstein reveals ambition to grow its foothold in the UK retail business over the next five years. The firm with more than £666bn of assets under management worldwide is doubling down on its ambition to increase its UK retail business assets. Its UK retail bu