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RLAM buys Union Fund Management

Royal London Asset Management has acquired Union Fund Management from Union plc, in a deal which will see RLAM&#39s funds under management grow by £1.4bn to £28.5bn.

UFM, the specialist cash and liquidity fund manager, operates from London and Guernsey.

RLAM chief executive officer Christopher Phillips says: “The transaction is further evidence of our determination to broaden our range of client services by both organic growth and acquisition. UFM is a highly successful company with excellent profitability and growth potential.”

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