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Insight Investment set to add £27bn asset manager

Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group.

Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan.

The transaction is set to be completed by January 2013, with Pareto remaining a separate entity within the Insight Group.

Both firms are already part of BNY Mellon.

Insight CEO and CIO Abdallah Nauphal says: “Insight and Pareto are a natural fit as the businesses have a similar risk management philosophy and client-centric approach. Pareto’s expertise in currency is complementary to our current risk management and investment capabilities and the transaction supports our objective of providing holistic risk management solutions to our clients. In addition, their presence in North America and the Asia Pacific region provides a solid platform for continuing Insight’s international expansion.”


RBS set for Libor fine of up to £300m

Royal Bank of Scotland is facing a fine of up to £300m for its role in the Libor rate-fixing scandal. According to reports, the bank is in advanced negotiations with regulators over the allegations. The fine is expected to be in the region of £200m to £300m, with the 82 per cent state-owned bank set […]

Former Bank of England deputy calls for MPC and FPC to be merged

Former Bank of England deputy governor Sir John Gieve is calling for functions of the monetary and financial policy committees to be merged into a new macro-economic management committee. Speaking at a Policy Exchange debate on Reform of the Bank of England yesterday, Gieve, who was responsible for financial stability at the Bank between 2006 […]

SVM co-founder quits – funds placed under review

SVM co-founder and fund manager Donald Robertson has left the firm with immediate effect. Robertson was lead manager of the £3.7m SVM UK Emerging Fund investment trust and £3m SVM Cautious Managed fund. He was also co-manager of the £162m SVM Global fund investment trust and £14.5m SVM Global Opportunities fund. Colin McLean has become […]


New firms face record wait for FSA approval

New financial services firms are having to wait over five months to be authorised by the FSA, more than three times as long as they had to wait before the financial crisis. A freedom of information request from law firm Reynolds Porter Chamberlain reveals firms are having to wait a record 22.9 weeks for authorisation, […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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