asset management

The UK insurance and asset management sectors received a welcome boost today as the Treasury announced two new government industry groups to ensure their long term strength.

Royal London Group saw its new life and pensions business climb 14% in the first nine months of the year.

GMAC-RFC, the high-risk mortgage lender which sold mortgages to Bradford & Bingley, will merge with GMAC's European operations and become an asset manager.

Credit Suisse has today announced the appointment of Yong-Moon Kim as a managing director and head of global equities for asset management.

Santander Asset Management has recruited four managers in a bid to fortify its UK equity team.

RESOLUTION IS sitting on a £400m cash pile which it will pay out to certain policyholders, according to the Daily Telegraph.

Ian Frost is moving from BlackRock to Investec Asset Management to become a global fixed income portfolio manager while Aegon Asset Management has also announced a series of new arrivals to its fixed income team.

Alliance Trust is widening its range of investments offered and opening an asset management business aimed at retail and institutional clients.

JPMorgan Invest is to use 1st Software's Adviser Office software product to support part of its services proposiation, says sales and marketing director Jonathan Watts-Lay.

After more than a decade of false starts the Japanese economy may be entering a period of sustained consumer spending sparked by rising land prices, according to comments from JPMorgan Asset Management.