CITIGROUP has become the latest investment bank to lose its UK transition management team as investment consultants Mercer claim pension funds are now favouring the security of the asset management model.
The changes at Citi's come hot on the heals of December's announcement that UBS is to shut its European TM business. Lehman Brothers transition business shut when the bank filed for bankruptcy in S...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
