Generali is set to broaden its horizon in the financial sector as it embarks on a promising cooperation with Natixis Investment Manager, a subsidiary of BPCE. In a recent interview with Italy’s renowned daily newspaper Corriere della Sera, CEO Philippe Donné reassured that the proposed asset management alliance would not turn contentious with the Italian government. This development underscores a commitment to constructive dialogue and mutual benefit, aligning with Italy’s evolving approach towards financial regulation.
Swiss banking giant UBS continues to adapt to changes in the global financial markets by taking steps to strengthen its position in asset management. News this week reveals key personnel shifts and plans for business reorganization aimed at increasing management efficiency and deepening client relationships across regions.
Recent developments in the financial markets have highlighted an important management change at one of the leading semiconductor manufacturers, STMicroelectronics. The Italian government is set to appoint Marcello Salu, the head of the Ministry of Economy’s department in charge of managing state-owned companies and assets, to the company’s board of directors. This news, confirmed by three independent sources, has drawn significant attention from financial analysts and experts alike due to its potential impact on global asset management and market strategies.
American investment manager VanEck has made a significant move by reentering the domestic Chinese market. The establishment of a private fund subdivision in Shanghai marks an important strategic decision amid Beijing's efforts to reinforce confidence among foreign enterprises operating in the world's second-largest economy. This step not only expands VanEck’s geographical footprint but also paves the way for a new era in asset management in the region.
NatWest CEO Paul Thwaite recently highlighted the challenges the bank faces due to soaring stock prices. This situation complicates the expansion of its asset management business through acquisitions, raising questions about its future growth strategy.
The recent report from Old Mutual Group Ltd. has caught the attention of investors, showcasing the company’s financial successes. Based in Johannesburg, Old Mutual announced its highest profit since 2019, driven by increasing demand for short-term insurance products and asset management services in South Africa. According to the published data, the adjusted profit of Old Mutual rose by 14%, reaching 6.69 billion rand ($370 million).
The introduction of artificial intelligence into Chinese trading markets has sparked significant changes in the country's asset management industry. The Chinese hedge fund, High-Flyer, has become a pioneer in this sector by incorporating AI into its multi-billion-dollar portfolio and creating the renowned startup DeepSeek. This development has triggered an AI arms race among Chinese asset managers, potentially transforming an industry valued at almost $10 trillion.
Fidelity Investments, a well-known asset management company, is taking significant steps to expand its model portfolio business. With the increasing demand for both ready-made and customized investment strategies, the company is poised to offer innovative solutions across various asset classes.
In light of recent regulatory shifts, one of the world’s largest asset management firms, BlackRock $BLK, has found it necessary to revise its communication strategy with portfolio companies. New requirements by the U.S. Securities and Exchange Commission (SEC) demand that financial companies provide more detailed information about owners when they apply pressure on asset managers regarding environmental, social, and governance (ESG) issues. This article examines how these new SEC rules are influencing BlackRock’s internal processes and interactions.
Australian company Perpetual $PPT.AX, specializing in asset management and corporate trust services, has confirmed receipt of an updated acquisition proposal from global investment firm KKR $KKR. Perpetual stated that the revised proposal necessitates further clarification of commercial terms before the deal can progress.
Banco BPM SpA $BAMI.MI, the third-largest bank in Italy, is taking decisive action to protect its interests against the looming threat of a takeover attempt by UniCredit SpA $UCG.MI. In a latest move to attract investors, the bank has raised its offer for asset management firm Anima Holding SpA $ANIM.MI from €6.20 to €7.00 per share.
The financial group Equirus Group is making a significant move in asset management by merging its family office business with Credence Family Office. The newly formed entity, named Equirus-Credence Family Office, is poised to become a major player amid increasing demand for investment products among high-net-worth individuals in India.
