SWIP sale: Two names left in the frame

Anna Fedorova
clock

Aberdeen Asset Management and Macquarie Group are the two remaining bidders battling it out for Scottish Widows Investment Management (SWIP), Investment Week understands.

The UK fund management group and Australia's largest investment bank, alongside firms including Natixis Asset Management and Royal Bank of Canada, are some of the groups which have been in the running to buy SWIP since news of a sale first emerged. However, sources have said just the two names now remain in the frame as other competitors have dropped away. Speculation over the sale of the business has been rife since it was first revealed SWIP was up for sale earlier this year. Lloyds Banking Group, SWIP's parent company, has been mulling a sale of its investment management arm aft...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

The Big Question: What would it take for you to allocate more of your portfolio to the UK?
UK

The Big Question: What would it take for you to allocate more of your portfolio to the UK?

Global asset allocators answer

Investment Week
clock 04 April 2025 • 1 min read
Martin Currie's Jo Rands: Share buybacks are here to stay
UK

Martin Currie's Jo Rands: Share buybacks are here to stay

Hidden element of returns

Jo Rands
clock 04 April 2025 • 3 min read
OBR defends growth forecast leak as MPs question lack of tariff references in outlook
UK

OBR defends growth forecast leak as MPs question lack of tariff references in outlook

UK growth expectations slashed to 1%

Sorin Dojan
clock 01 April 2025 • 3 min read
Trustpilot