Us Sale Provides Insight Into Lloyds' Big Plans for Widows

The Scotsman › August 13, 2009

Linked as:

Summary

LLOYDS Banking Group promised more jobs in its Scottish fund management business yesterday, after striking its first asset sale since the takeover of HBOS.

The bank revealed it was selling the third-party fund management business of its Insight Investment subsidiary to Bank of New York Mellon for GBP 235 million - with the "in-house" funds of Insight transferring to Scottish Widows Investment Partnership in Edinburgh.

See the full content of this document

Extract

Us Sale Provides Insight Into Lloyds' Big Plans for Widows

Dean Buckley, the managing director of SWIP, said it would become a "centre of excellence" for Lloyds's asset management busin...

See the full content of this document