Friends Ivory & Sime (FIS) has conditionally agreed to buy RSA Investments, the UK asset management ...
Friends Ivory & Sime (FIS) has conditionally agreed to buy RSA Investments, the UK asset management arm of Royal & SunAlliance Insurance Group, for £240m. As part of the deal, FIS becomes the investment manager of the UK life insurance and general insurance funds of the RSA Group for an agreed 10-year period. The deal will effectively double FIS's funds under management from £34bn to £70bn. Howard Carter, chief executive of FIS, said: 'This transaction is transformational for FIS in terms of scale, doubling our funds under management and propelling us into the top 10 active investment ...
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