All three are now deeply motivated to focus on their securities servicing and asset management divisions.
Paul Travelers is a leading provider of commercial property-liability insurance and asset management services.
General Re is a holding company for reinsurance, capital analysis, insurance consulting and asset management.
Separately, it has been dumping a load of underperforming businesses, such as transaction services and asset management.
This article is by Alex Pigliucci, the global managing director of Accenture Wealth and Asset Management Services.
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Existing investors Aisling Capital, Alta Partners, Domain Associates, Arboretum Ventures and Asset Management also participated in the funding round.
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Wachovia will survive as a company specialized in retail brokerage and asset management.
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The transaction will leave a stub Wachovia with its brokerage and asset management units behind, AG Edwards and Evergreen Securities.
Executive stipends for financial planning: Many executives receive stipends they can apply towards financial planning and asset management services.
Some firms also are scoring sizable profits by expanding into other, often-lucrative areas, including real estate, hedge-fund trading and asset management.
"This is a very positive approach, " said Peter De Proft, director general of the European Fund and Asset Management Association in Brussels.
Meanwhile, Mack has emphasized the firm's investment bank and asset management areas, striking several deals to acquire hedge fund managers, for example.
Ping An's ambition is to move beyond insurance and become a financial conglomerate by further developing its banking and asset management units.
Britain has a tough new stewardship code for institutional investors, and the European Fund and Asset Management Association has just published similar rules.
It is now making much more of an effort to sell services like credit cards, broking and asset management to its well-heeled clients.
"I think this is a very positive approach, " said Peter De Proft, director general of the European Fund and Asset Management Association in Brussels.
In future, foreign investment banks will need to move deeper into corporate finance and asset management, reckons Nicholas Hurd, head of Fleming's Brazil office.
Similar consolidation and transformation was seen in insurance and asset management.
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It already had reasonable businesses in global custody and asset management.
Mashreqbank psc is a United Arab Emirates-based bank engaged in the provision of retail banking, commercial banking, investment banking, Islamic banking, brokerage and asset management activities.
"If they have clouded their judgment, we will have to use somebody else for advice, " added Mr. Kailunas, whose firm relies on Goldman for research and asset management.
If the Dresdner plan now goes ahead, Germany's retail financial markets will take a big stride towards Allfinanz: the provision of banking, insurance and asset management by single institutions.
By shedding retail, Renyi would be taking a step that two other so-called processing banks have made in recent years to concentrate their businesses on securities servicing and asset management.
Expected outcomes of this research include equipping members with the ability to improve planning and reliability of operations through the use of prediction and optimization in the areas of outage and asset management.
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Late Monday, Morgan Stanley confirmed its board had authorized management to pursue a spinoff of Discover, which it says "reinforces" its strategy to be an integrated firm focused on institutional and retail securities and asset management.
Since Indian banks are restricted from investing more than 20% of their net worth in nonbanking businesses, Kamath wants to transfer the insurance and asset management businesses to the newly created ICICI Financial Services, a holding company.
Edinburgh-based Standard Life's current Asia and Emerging Markets operations include its retail investments business, which operates out of Hong Kong and Singapore, as well as its life and asset management joint venture businesses in China and India.
Despite shedding its insurance underwriting and asset management units in the last year or so, Citigroup continues to operate in a stunning variety of businesses, from subprime mortgage lending and branch banking to investment banking, private equity and securities servicing.
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