Standard Life buys Ignis Asset Management for £390m

Standard Life will pay £390 million for Ignis including regulatory capital. The consideration will be settled in cash from Standard Life group’s existing internal resources. The transaction is expected to be completed on or before 30 June 2014. According to the Sunday Times Canadian bank RBC and

Read more

Private equity buyer, Ironbridge Capital, makes play for Bravura

Ironbridge Capital, a private equity investor, has made a proposal to buy global wealth management software and technology company Bravura Solutions. In a statement to the Australian Securities Exchange this morning, Bravura announced it had yesterday received an “indicative, non-binding, conditional proposal” from Ironbridge Capital to acquire

Read more

Lloyds to sell GBP 7.2bn international wealth arm to Swiss bank Union Bancaire Privée (UBP)

Lloyds Banking Group is to sell its international private banking business to Swiss bank Union Bancaire Privée (UBP) as part of its strategy to focus on the domestic wealth market. The transaction will includes the bank’s Geneva-based Private Bank, its branches based in Geneva, Zurich, Monaco and Gibraltar, and its representative office

Read more