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The separation of the two businesses will allow AlpInvest, which was originally set up to administer the investments of the Dutch pension funds ABP and PGGM, will to
The announcement comes as Prudential concluded a strategic review of its business options. CEO Mark Tucker pointed out that Egg could provide a lucrative means of cross-selling Prudential
Larger business volumes compensated for deteriorated deposit margins and deteriorated margins for mortgage loans to households. Net commission income increased by 17% to SEK5 billion. Net commission income
Under the terms of the agreement, Eural’s 103 employees will transfer to Record Bank, along with its network of 233 independent bank agents who are mainly active in
Prudential’s previous CEO Jonathan Bloomer originally put Egg up for sale almost two years ago after a brief but disastrous foray into the French card market. Rumors of
Ameriprise Financial Inc, a provider of brokerage, asset management and insurance services, started trading shares at a value of $35.30 on Monday October 3 following the completion of
Speculation about a possible tie-up rose after the Belgian newspaper Le Soir suggested that Fortis was targeting Dexia as part of its desire to capitalize on what it
Lopez will replace retiring Jose Cela, who has been the CEO in Spain since 1994. Julian Lopez will report to Dieter Wemmer, CEO Europe General Insurance, and be
The Advest purchase will give Merrill Lynch a brokerage outfit comprised of three primary businesses, Private Client Group (PCG), Boston Advisors and Capital Markets Group. The Private Client
However, to qualify for free travel insurance, customers must book their holiday through the Barclaycard Travel Service. Although the facility does provide a 5% discount off the prices