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GAM fined £9.1m by FCA over conflicts of interest

GAM International Management Limited (GIML) has been fined £9.1m by the Financial Conduct Authority after an investigation into conflicts of interest.

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Schroders to acquire River and Mercantile for £230m

Schroders has agreed to acquire the UK advisory, fiduciary management and derivatives businesses of River and Mercantile Group for approximately £230m.

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MGIM buys Seneca to create £5bn asset manger

Momentum Global Investment Management (MGIM) has agreed to acquire Seneca, creating an asset manager with £4.7bn in assets under management.

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UBS wealth and asset management profits boost

UBS’ global wealth management and asset management arms have enjoyed a profits boost, according to the firm’s third quarter results.

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