Japanese bank SMFG to acquire $8.4 billion UK asset manager TT International
The acquisition marks the first overseas buy-side takeover for Japan’s Sumitomo Mitsui Financial Group.
Buy side
London hedge fund Eisler Capital hires Goldman Sachs veteran and global electronic futures head
Henry Howell has been with Goldman Sachs for 16 years, but has departed for a business development role at London-based hedge fund Eisler Capital.
State Street processes $140 billion of client-cleared repo transactions
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.
Credit Suisse Asset Management invests in fixed income price transparency firm
Solve Advisors’ platform uses machine learning and NLP to aggregate data in fixed income markets for price discovery.
HSBC Global Asset Management taps head of DWS as new chief executive
Nicolas Moreau to join HSBC GAM from German asset manager to replace Sri Chandrasekharan.
US buy-side commission pool plummets as MiFID II and rise of passive investing bites
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.
Liontrust to acquire Neptune for £40 million
Shortly after confirming talks with Neptune, Liontrust has agreed to acquire the investment management firm for £40 million.
Swiss asset manager taps BlackRock managing director as new chief executive
Peter Sanderson to take helm of GAM as group chief executive officer as of 1 September.
Schroders eyes impact investing expansion with BlueOrchard deal
Schroders has confirmed it has agreed to acquire a majority stake in Swiss impact investor BlueOrchard.
Liontrust seeks takeover of rival Neptune Investment Management
Liontrust confirmed that it is in talks with controlling shareholders of Neptune Investment Management about a possible acquisition.