OMERS Private Equity, the private equity investment arm of the OMERS pension plan has entered into an agreement with Ardian, the independent private equity company, which grants exclusivity to OMERS to acquire a majority stake in Trescal (the “Company”), the leading international specialist for calibration services. The proposed transaction, which… Read More »
Columbia Threadneedle Investments, a leading global asset management group, has appointed Lorenzo Garcia as Head of EMEA Client Investment Solutions. Lorenzo is based in London, reporting to Jeff Knight, Global Head of Investment Solutions and Mark Burgess, Deputy Global Chief Investment Officer. Columbia Threadneedle has diverse investment capabilities globally covering… Read More »
ETF Securities Limited (ETF Securities) has agreed to sell its European Exchange Traded Fund platform, known as Canvas, to Legal & General Investment Management (Holdings) Limited (LGIM). The ETF platform comprises an Irish-based UCITS fund and a UK-based investment manager and has $2.7* billion of AUM spread across 17 products.… Read More »
Amazon is currently recruiting insurance professionals in London to join a new team looking to disrupt the insurance market in the UK, Germany, France, Italy, and Spain, according to GlobalData, a leading data and analytics company. Amazon offers transparent services such as the ability to track a package, next-day delivery,… Read More »
State Street Corporation (NYSE: STT) today announced that Jay Hooley will retire as CEO by the end of 2018 after more than 30 years with the company and will remain as chairman throughout 2019. State Street’s board of directors has appointed Ron O’Hanley, previously vice chairman of State Street and… Read More »
Jerome Powell nomination as President of the Federal Reserve has not created a disruption*. He was in Janet Yellen’s line on macroeconomics and on monetary policy. Nevertheless he is perceived as more market friendly on regulation than Yellen. He is perceived as someone who will maintain low interest rates and… Read More »
Anna Stupnytska -
Jerome Powell’s appointment as Fed chair represents policy continuity in the near-term, suggesting a slightly easier monetary stance than some other contenders for the role. Powell’s background is in Law, rather than Economics. Unlike recent Fed chairs such as Ben Bernanke and Janet Yellen, he has not advanced any theory… Read More »
The Bank today reversed the interest rate cut that they made in August last year, increasing rates for the first time in ten years to 0.5%. The impact of this hike on households looks to be minor in the context of a variety of fiscal changes that are in train.… Read More »
As expected the Bank of England (BoE) announced a 25bps rate hike, the first for a decade, and voted unanimously to maintain the stock of purchased assets at current level. In line with recent policymaker comments, we expect policy changes beyond today’s modest tightening to be “gradual” and “limited”, and… Read More »
Amundi Real Estate, Crédit Agricole Assurances and Primonial REIM announce the 100% acquisition of HOLD (Heart Of La Défense) the owner of the largest office complex in Europe, “Coeur Défense”, from an affiliate of Lone Star Real Estate Fund III. This property complex, located at La Défense business district in… Read More »
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