According to a report from Reuters News Agency, Aegon the Dutch Insurance and Financial Services Group, which also owns Transamerica, is planning to transfer approximately £28 billion ($40.6 billion) to Edinburgh-based Scottish Equitable Asset Management (SEAM), its U.K. fund management subsidiary.
Such an injection of capital would raise SEAM’s assets under management to over £62 billion ($90 billion), and make it a major global player as the third largest Scottish fund manager behind Scottish Widows and mutually-owned Standard Life.
Reuters said that Aegon had not as yet commented on the report, but also indicated that it planned to do so before the end of the year, and had already decided to rebrand SEAM as Aegon Asset Management.
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
