AMEX plants footprint in UK as part of Europe strategy

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UK/EUROPE - American Express Financial Advisors has acquired Threadneedle Asset Management for £340m (US$570m/e488m) as the former eyes opportunities in Europe in light of pension reforms.

Threadneedle’s current owner, Zurich Financial Services, sold the firm to Amex in order to raise capital to prop up its struggling insurance businesses and secure a focus on core interest. The...

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