Oliver Wyman, a business of Marsh McLennan (NYSE: MMC) and a leading global management consulting firm, announced that Paul Ricard has been appointed as the new Asia-Pacific Head of Insurance and Asset Management, effective immediately.
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Asset Management
Oliver Wyman, a global management consultancy and a business of Marsh McLennan, announced today the appointment of Giambattista "GB" Taglioni as Senior Partner in its insurance and asset management practice, effective immediately. Mr. Taglioni is based in Milan.
He replaces Ben Lucas who has left the firm to become CEO at an international asset management company
Assets Under Management Increase by 12% as Net Flows Set Record and Profits Rise; Disruption Is Expected as New Trends Emerge, Says Report by Boston Consulting Group
Nutraceutical maker OmniActive Health Technologies said that IIFL Asset Management Limited (IIFL) has acquired a minority stake in the company. The financial terms of the transaction were not disclosed.
Accenture PLC said it acquired Advoco, a systems integrator for Infor EAM software-as-a-service for enterprise asset management.
Despite the far-reaching effects of the COVID-19 health crisis, global assets under management (AuM) grew by 11% to reach $103 trillion in 2020, although operating profits did not follow suit—remaining stable at around 34% of net revenues as a result of cost pressure and fee contraction across all asset classes—according to a new report from Boston Consulting Group (BCG)