Worldwide

AXA Explores Options For European Asset Management Unit

AXA Explores Options For European Asset Management Unit”

French insurer AXA is now reviewing consolidation options for its asset management arm, with Natixis being considered as a potential partner, according to reports.

Axa is considering a merger or joint venture for the business, the report said.

The merger talk follows significant consolidation in the sector this year, with Standard Life joining forces with Aberdeen Asset Management last month and the new Janus Henderson Investors launching in H1.

Natixis is the worldwide corporate, investment, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France. Shares in Natixis and Axa both declined by roughly 1 percent in mid-morning trading on September 15.

AXA Investment Management, the company's investment arm, has £651 billion of AUM.

Paris-based investment services firm Amundi, now Europe's largest asset manager, is one model for consolidation that Axa may consider.



Like this

loading...
loading...

Latest


18 April 2018
Does Asox9 Have Side Effects?
What Are Asox9's Ingredients? Asox9 was created by Christopher Gordon, a scientist who suffered problems with erection himself. Zinc – Zink is the main compound that can be found in Oysters, which are known to be one of the greatest aphrodisiacs.

15 September 2017
TD Ameritrade Holding Corporation (NASDAQ:AMTD) Shares Sold by AGF Investments Inc
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. Van ECK Associates Corp lifted its holdings in shares of TD Ameritrade Holding Corporation by 7.3% during the first quarter.

15 September 2017
Genworth Financial Inc (GNW) Debt Trading 2% Higher
The Manufacturers Life Insurance Company grew its position in shares of Genworth Financial by 1.1% during the 2nd quarter. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion.

15 September 2017
Royal Caribbean Cruises' (RCL) Buy Rating Reaffirmed at Stifel Nicolaus
Zacks Investment Research has downgraded Royal Caribbean Cruises Ltd (NYSE:RCL) to Hold in a statement released on 06/21/2017. After $0.46 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

15 September 2017
Park grabs first-round lead at Evian Championship
Play was abandoned and all scores wiped from the record, leaving the fifth and final women's major as a 54-hole event. Meanwhile, top-ranked Seo Yeon Ryu, who played alongside Park, went from a share of first at 2 under, to 4-over 75.

15 September 2017
Jadeveon Clowney makes us remember him with monster catch against Bengals
Green against a Houston defense that's ready for a bounce-back performance after losing to Jacksonville 29-7 in Week 1. Ross got his first chance at making a play with a little over four minutes left in the first quarter.

15 September 2017
'The Crown' Star Claire Foy Is Your New Lisbeth Salander
Then, Craig will soon dive into his final go-around as James Bond in Bond 25 and Mara has no shortage of films on her plate. David Lagencrantz took over as the new author starting with the fourth installment, The Girl in the Spider's Web .

15 September 2017
Car Bomb Blast Hits Romanian Troop Convoy in Southern Afghanistan
President Donald Trump announced his "new strategy" for Afghanistan aiming to break the military stalemate with the Taliban. But he said there was only one attack on a coalition patrol in the Kandahar region on September 15.

15 September 2017
ShangriLa is online casino with guarantee of won money pay outs
Shangri La proposes games for any taste A large selection of slot games allows anyone to choose a game for any discerning taste. This is the best place to spend your free time with pleasure, stress relief, relax and forget about the daily problems.

13 September 2017
Top Bookmakers Name Odds-On Favourites for 2017-2018 NBA Championship Success
As a result, the Warriors won the championship for a fifth time, taking back the title that they last won as recently as 2015. The two teams have met in the final for three consecutive years, with the Cavs picking up the title just once, in 2016.