Deal values LV= at more than £500m
Regulatory approvals received in August
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Legg Mason's head of wealth management distribution O'Donnell leaves following Franklin Templeton buyout
Worked at Legg Mason for 13 years
Offer issued this morning
Legg Mason to be valued at $50 per share
'Greater economies of scale'
To be named First Sentier Investors from 22 September
Acquisition completion expected 31 July
Heads of compliance, COO business management and investment governance set to depart
Pamfleet deal expands firm's reach into Far East
UK's second-largest retail fund manager formed
Expands advisory team
Adds multi-asset and fixed income opportunities
Managing rising costs amid myriad macro risks
Several managers join from Merian
Largest strategic partnership to-date for Pacific
Deal has been delayed by pandemic and FCA concerns
Technology and performance key to finding 'winning' products
Will lead to £1.6bn enterprise in US
Acquiring Cavendish's investment activities
Branching out to 'new but complimentary business model'
Deal requires 'third-party consent'
'Significant progess' made in FCA talks so far