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Wells Fargo to sell asset management business

Wells Fargo is to sell its asset management arm to private equity firms GTCR and Reverence Capital Partners for $2.1 billion (€1.7 billion).

KB Associates acquires Luxembourg ManCo

Dublin-based management company (ManCo) service provider KB Associates (KBA) has expanded its remit to Luxembourg following the acquisition of EFG Fund Management.

Axa IM hits $1tn AUM for first time

Axa Investment Managers has reached its highest level of assets under management (AUM), the firm said, hitting €858 billion – or US$ 1 trillion for the first time.

Asset manager reduces UK/Irish fund fees

Dimensional is to reduce management fees across a range of UK and Irish equity and bond funds from May 4.

Citi set to gain Nordea’s sub-custody clients

Custody bank Citi has sought to capitalise on Nordea’s decision to exit the Nordic sub-custody market by striking a deal on referrals. The agreement means Nordea will advise its

Specialist fund administration: The brain gain for private equity fund admin

Specialist fund administrators have been taking staff from larger rivals as they professionalise their services for private capital funds. Nick Fitzpatrick reports.

Talking heads: Ireland seeks premier league membership for private assets

Reforms should bolster Ireland’s private markets business, but increased regulatory scrutiny also needs to be dealt with. As Nicholas Pratt writes, 2021 promises to be a pivotal year.

Executive interview: Into the front office

David Abitbol, chief executive of Societe Generale Securities Services, talks to Nick Fitzpatrick about digital transformation and inroads to fund managers’ front offices.

Global real estate: Beds, sheds and meds

Industry experts offer their views on the real estate market’s resilience, discuss its main challenges and identify which subsectors are gaining momentum.

EU-China deal: Landmark EU-China investment deal may face human rights hurdle

Hailed for its ambitious plans to provide unprecedented access to the Chinese market, the EU’s high-profile Agreement has failed to satisfy China’s staunchest critics. Tanya Ashreena looks at how far it pushes the boundaries.