IFA Bestinvest says there are three big issues to consider when looking at the £240m acquisition of ...
IFA Bestinvest says there are three big issues to consider when looking at the £240m acquisition of Royal & Sun Alliance Investments by Friends Ivory & Sime.
The first problem will be the rebranding of RSAI funds under the ISIS banner being pushed by FIS.
The second is the question of distribution, as a deal involving a major European or US bank would have opened up significantly better overseas opportunities.
As the asset management industry becomes increasingly globalised, the heavy UK focus of both FIS and RSAI may become an expensive legacy to get away from.
Finally, little has been said about how FIS intends to retain RSAI's better performing fund managers, such as James Foster, Davina Curling and Mike Felton, and if so, where the company intends to base these people - fragmentation between Edinburgh and London would bring into doubt the promised synergies.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation