Aegon has today announced the completion its acquisition of adviser platform Cofunds from rival provider Legal & General (L&G) for £140m.
The deal was completed this morning (3 January 2017) following the initial announcement back in August last year. In a statement this morning, L&G said Cofunds required a significant technological upgrade and that its long-term ownership and growth potential were best achieved under the ownership of a specialist platform provider. Cofunds will continue to be led by David Hobbs and be run from its headquarters in Witham, Essex, with operational staff also located in Hove, East Sussex. Aegon UK chief executive Adrian Grace said: "Today marks the start of a new era for both Aegon and...
To continue reading this article...
Join Investment Week
- 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
