UK - Britannic Asset Management (BAM) has completed its transaction to buy Blairlogie Capital Management from ABN Amro Asset Management for an undisclosed sum, increasing its total funds under management by approximately $800m.
As part of this acquisition, Gavin Dobson, currently chief executive of Blairlogie will join BAM to head up the international institutional business and James Smith, currently CEO of Blairlogie will join as investment director.
Leslie McIntosh, chief executive of BAM said: Blairlogie is a neat bolt on to our existing activity. This acquisition gives us a strategic entry point into the US and international institutional markets, complementing our established presence in the UK institutional market.
I am delighted that Gavin and James are joining us along with a number of experienced investment managers and an established marketing and client servicing team. Our first priority is to integrate Blairlogie into the existing business and this will be our focus over the next few months.
This acquisition enables the organisation to strengthen and expand its investment team and brings on board non-Pacific emerging markets expertise for the first time.
By Luke Clancy
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.