Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Energy Generation LLC Appoints Ignacio Ibarguren VP, M&A and Finance
April 15, 2021 GMT
PHILADELPHIA (BUSINESS WIRE) Apr 15, 2021
Global Energy Generation LLC, a developer and operator of clean energy generation assets, welcomes Ignacio Ibarguren as VP, M&A and Finance.
Ignacio was previously Sr. Director, Business Development at Tyr Energy, Inc (“Tyr”). Ignacio has 15+ years’ experience in the global power business having held a variety of positions ranging from Treasury, Asset Management, Power Origination and M&A. At Tyr, Ignacio was deal lead for cash and tax equity transactions, pursued Tyr’s expansion into Latin America, and was asset manager for several gas fired assets in CAISO and PJM. Ignacio holds a Licentiate in Economics from Universidad de Córdoba (Argentina), an MBA with a concentration in Finance from the University of Kansas and is a CFA Charter Holder.
Press release content from Business Wire. The AP news staff was not involved in its creation.
CI Financial Reports Record Total Assets of $240.6 Billion for March 2021
April 14, 2021 GMT
TORONTO (BUSINESS WIRE) Apr 14, 2021
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at March 31, 2021 of $138.5 billion and wealth management assets of $102.1 billion, for total assets of $240.6 billion. These represent CI’s highest-ever month-end levels for wealth management assets and total assets.
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“We believe the growth in assets to record levels reflects our success in implementing our strategic priorities of modernizing asset management, expanding CI’s wealth management platform and globalizing the firm,” said Kurt MacAlpine, CI Chief Executive Officer. “Notably, we are seeing improvement in asset management net flows, with the first quarter being our best quarter for net flows since the third quarter of 2
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best TV Presents “The Greening of Insurance Asset Management: The Push for Responsible Investing”
April 13, 2021 GMT
In
AM Best ’s four-part series, “The Greening of Insurance Asset Management,” top industry leaders discuss how the insurance asset management sector is adapting to meet emerging standards and expectations for climate risk and social responsibility.
From the United Nations to nations and states, regulators and representatives are aligning investing standards with concerns about climate risk and social responsibility. In this segment, insurance and asset experts discuss the strategies and products designed to lower the stress of complying with the new standards and expectations. Watch now: www.ambest.com/review/greening.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business
April 12, 2021 GMT
MINNEAPOLIS, BOSTON & LONDON (BUSINESS WIRE) Apr 12, 2021
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.
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The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of as
Press release content from Business Wire. The AP news staff was not involved in its creation.
Loomis Sayles Welcomes Susan Sieker as Chief Financial Officer
April 12, 2021 GMT
BOSTON (BUSINESS WIRE) Apr 12, 2021
Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, announced today that Susan Sieker has joined Loomis Sayles as executive vice president and chief financial officer (CFO). She also joins the Loomis Sayles Board of Directors. Susan reports to Kevin Charleston, chairman and chief executive officer of Loomis Sayles, and will oversee the finance organization.
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Susan joins Loomis Sayles from Cambridge Associates, where she was the chief financial officer and oversaw financial planning and analysis, treasury, accounting operations, financial reporting, payroll and taxes. Prior to joining Cambridge Associates in 2012, Susan served in a variety of finance and risk leadership roles at Brinker International, including vice president and treasure