View more on these topics

Credit Suisse confirms purchase of SLC Asset Management

Credit Suisse Asset Management has confirmed it is to buy SLC Asset Management, the UK fund management arm of Sun Life Financial of Canada.

The deal, which was exclusively revealed in Money Marketing last week, will add an extra £11bn of assets to CSAM’s UK operations, and will give CSAM its first serious footing in the UK institutional market.

It will also almost double the firm’s retail assets to around £2.85bn from £1.56bn.

CSAM has not disclosed how much the deal is worth, but analysts have speculated that SLC could have gone for as much as £300m after a fierce bidding contest which has lasted more than nine months.

CSAM says it will ditch the SLC brand, and will rename SLC’s operations under the CSAM brand early next year.


Communications chief McMeehan quits Autif to set up consultancy

Autif director of communications Anne McMeehan is to leave the trade body to set up a financial consultancy business.McMeehan is teaming up with Jain Castiau to launch the firm, Cauldron Consulting, in the new year.Castiau was formerly a managing director of UBS Warburg&#39s European e-business services.The new company will offer communications and marketing consultancy services […]

Kelland looks for 300 RIs to join franchise scheme

Bristol-based IFA firm Kelland & Partners is aiming to become a leading national IFA brand by recruiting firms to a new franchise scheme.Kelland & Partners Franchise Management is hoping to recruit 300 RIs over the next three years to add to Kelland&#39s current salesforce of 60 and increase the firm&#39s turnover to £40m from £5m.Kelland […]

Morley focuses on Europe

Morley Fund Management, which is part of CGNU, has put the spotlight on Europe with the introduction of the European focus fund.Created as an open-ended investment company (Oeic), European Focus is aimed at medium-risk experienced investors who are looking for growth by investing in European equities.European focus will be based on the European element of […]

Cutting costs of staff sickness

Staff sickness absence is costing companies up to 16 per cent of their annual salary bill but half the costs could be avoided, according to research by income protection provider Unum.The report is the culmination of a year-long survey by the Institute of Employment Studies of a crosssection of UK businesses on behalf of Unum.It […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm