“Dragons” share vision of developing a Canadian independent fund manager
The LSE will keep Russell Investments’ index business as it sells off the asset-management business to TA Associates
The investment firm is now in the middle of a cross-Canada tour and advertising campaign to change the perception that it’s only about resources
Real estate investment advisor added to institutional investment platform
Financial terms not disclosed
Net new flows remain well below those achieved before the financial crisis
Bank-style regulations would have negative consequences on the market competitiveness and profitability of large asset management firms
The organization is also adopting a new strategic direction focused on reinforcing its position as the centre of global regulatory policy
Increasing preference for investing through pension and insurance means current profitability levels are unlikely to be sustainable
BMO aims to build market share substantially in the UK and Germany and add coverage to additional countries