Prudential

M&G's retail funds under management are up 24% year on year to £64.5bn at 30 September, driven primarily by strong inflows from European clients, with UK flows turning positive again in Q3.

Aberdeen Asset Management has confirmed rumours it is in talks to buy Scottish Widows Investment Partnership (SWIP) in a deal which would make it the largest listed fund management firm in Europe.

Octopus has appointed former Prudential UK and Europe chief executive Rob Devey as a non-executive director.

Prudential has appointed John Foley to the newly created role of group investment director in a bid to strengthen the oversight of its financial investments.

Last week Aberdeen held a little party in London to celebrate its 30th anniversary - a remarkable achievement for a company which, at the turn of the century, did not look like it would last another three years, let alone 30.

A significant minority of investors at Prudential have voted against chief executive Tidjane Thiam's 2012 pay deal, delivering a rebuke to leadership already under fire for their handling of a failed Asian takeover.

M&G saw funds under management hit a new record in Q1 as strong sales in Europe offset outflows from the UK market after moves to slow flows into its leading bond fund range.

Prudential has poached Jackie Hunt from Standard Life as chief executive for its UK and European business.

Martin Brookes, one of the named managers running Prudential's huge with-profits fund, has left the firm after more than a decade.

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