Insight Investment

Insight Investment
Industry Investment management
Founded 2002
Headquarters London, United Kingdom
Area served
 Worldwide
Key people
 Abdallah Nauphal
CEO
Products Investment management
AUM GBP 440 billion (2016)
Website www.insightinvestment.com

Insight Investment (Insight) is one of the UK's largest investment management companies,[1][2] specialising in liability-driven investment (LDI), fixed income, absolute return and specialist investment strategies. Launched in 2002, Insight is headquartered in London. It was responsible for assets under management of £440 billion, as at 31 March 2016 represented by the value of cash securities and other economic exposure managed for clients.[3] It is a subsidiary of The Bank of New York Mellon, a multinational financial services corporation.

The UK banking group HBOS formed Insight Investment in 2002 by merging its asset management arms, which included Clerical Medical Investment Management.[4] In 2003, Insight Investment acquired Rothschild Asset Management, which specialised in fixed income investments.[5] In 2009, BNY Mellon acquired Insight from Lloyds Banking Group, which formally acquired HBOS earlier that year.[6][7] In 2013, Insight merged with Pareto Investment Management, a currency risk manager.[8] In early 2015, BNY Mellon acquired US-based fixed income and solutions specialist Cutwater Asset Management. It is operated by Insight Investment.[9][10] Insight is headquartered in London and has offices in New York, Sydney and Tokyo.[3]

History

Insight Investment was launched in 2002. It was formed from the merger of the asset management arms of UK banking group HBOS: Clerical Medical Investment Management, Halifax Fund Management and the investment division of Equitable Life. Douglas Ferrans was Insight's first CEO and played a significant role in its formation and launch.[4]

In 2003, Insight acquired Rothschild Asset Management, which was well known for its fixed income solutions and multimanager funds, and property investment manager Gatehouse Investment Management.[5][11][12]

In 2006, Insight demerged its property investment unit and floated it on the Aim market at the London Stock Exchange as Invista Real Estate Investment Management.[13][14][15]

In 2007, Abdallah Nauphal became CEO of Insight.[16] He already held a dual role as deputy CEO (from June 2006) and chief investment officer (from September 2003) of the company.[17] He joined Insight as head of fixed income in April 2003 after the acquisition of Rothschild Asset Management, where he was chief investment officer for fixed income. He was previously head of fixed income at Schroder Investment Management.[18]

In 2009, Insight's parent company HBOS was acquired by Lloyds Banking Group (Lloyds).[7] Later that year, BNY Mellon acquired Insight Investment from Lloyds.[6][19][20][21][22][23] Lloyds retained most of the equity assets managed by Insight and transferred them to Scottish Widows Investment Partnership, the group's primary in-house asset manager after the sale of Insight. This left Insight as an asset manager primarily focused on fixed income and LDI strategies.[24] It transferred its headquarters in early 2011 to share a building with BNY Mellon in Blackfriars, London.[25]

In 2012, Insight announced that it would merge with Pareto Investment Management, a currency risk manager with £27 billion of assets under management. The merger was complete at the beginning of 2013. Pareto was also owned by BNY Mellon.[8][26]

In early 2015, BNY Mellon acquired US-based fixed income and solutions specialist Cutwater Asset Management. It is operated by Insight.[9][10]

Insight has reported an increase in its assets under management for external clients in every year since its launch.[3]

Awards

Insight Investment has won over 60 industry awards since 2009.[27]

Sponsorships

Insight Investment has sponsored the Royal Academy Summer Exhibition for over a decade.[28] In 2015, Insight sponsored the Astronomy Photographer of the Year competition.[29]

Key people

Abdallah Nauphal - CEO [30][31]

Andrew Giles – Chief Investment Officer (Solutions) [32]

Atul Manek – Chief Operating Officer/Chief Finance Officer [33]

Adrian Grey - Chief Investment Officer (Active Management) [3][34]

Philip Anker - Global Head of Distribution [35][36]

Charles Farquharson - Chief Risk Officer [3]

Cliff Corso - CEO, North America [37]

Lynne Dalgarno - Head of Human Resources [38]

Jane Ivinson, General Counsel [39][40]

Mark Stancombe, Head of Corporate and Product Strategy [41]

References

  1. ↑ page 87, Asset Management in the UK 2014-2015: The Investment Association Annual Survey
  2. ↑ "Pension survey shows fierce competition for assets", "Financial Times", London, 22 November 2015. Retrieved on 23 June 2016.
  3. 1 2 3 4 5 Insight Investment Media Factsheet, Q1 2016
  4. 1 2 "Insight finds success in total returns", "Investment Week", London, 11 June 2007. Retrieved on 25 April 2012.
  5. 1 2 "Insight buys Rothschild Asset Management", Money Marketing, London, 4 December 2002. Retrieved on 25 April 2012.
  6. 1 2 "The Bank of New York Mellon to Acquire Insight Investment Management Limited", Press release from The Bank of New York Mellon, New York and London, 12 August 2009. Retrieved on 25 April 2012.
  7. 1 2 "FSA approves Lloyds TSB's proposed acquisition of HBOS", Press release from Lloyds TSB, London, 10 December 2008. Retrieved on 25 April 2012.
  8. 1 2 "Insight Investment Management joins forces with Pareto", "Investment Europe", London, 2 January 2013. Retrieved on 3 January 2013.
  9. 1 2 "BNY Mellon Acquires Cutwater Asset Management", Press release from The Bank of New York Mellon, New York and London, 5 January 2015. Retrieved on 22 May 2015.
  10. 1 2 "BNY Mellon acquires fixed income specialist", "FT Adviser", London, 6 October 2014. Retrieved on 22 May 2015.
  11. ↑ "Insight pays £61m for fund manager", "The Daily Telegraph", London, 5 December 2002. Retrieved on 25 April 2012.
  12. ↑ "Insight buys the Gatehouse five", "Financial News", London, 30 September 2003. Retrieved on 25 April 2012.
  13. ↑ "Insight floats real estate under Ross Goobey", "Investment Pensions Europe", London, 31 August 2006. Retrieved on 25 April 2012.
  14. ↑ "HBOS to float property arm of Insight unit for £270m", "The Independent", 1 September 2006. Retrieved on 25 April 2012.
  15. ↑ "Insight plans Aim listing for property manager Invista", "Money Marketing", 7 September 2006. Retrieved on 25 April 2012.
  16. ↑ "Insight says Ferrans to be chairman", "Reuters", London, 28 March 2007. Retrieved 25 April 2012.
  17. ↑ "Insight assigns Nauphal to deputy chief exec position", "Investment Week", London, 5 June 2006. Retrieved 12 September 2012.
  18. ↑ Insight Investment website, Our Team page. Archived by The Wayback Machine. Retrieved on 30 November 2012.
  19. ↑ "Insight Investment acquired by Bank of New York Mellon", Press release from Insight Investment, London, 12 August 2009. Retrieved on 25 April 2012.
  20. ↑ "Lloyds Banking Group announces asset management plans", Press release from Lloyds Banking Group, London, 12 August 2009. Retrieved on 25 April 2012.
  21. ↑ "Lloyds sells Insight Investment to Bank of New York Mellon", "The Guardian", London, 12 August 2009. Retrieved on 25 April 2012.
  22. ↑ "Lloyds disposals begin with £235m sale of Insight to BNY Mellon", "The Daily Telegraph", London, 12 August 2009. Retrieved on 25 April 2012.
  23. ↑ "Lloyds sells Insight to Bank of New York Mellon", "The Daily Telegraph", London, 12m August 2009. Retrieved on 25 April 2012.
  24. ↑ "News Analysis: Curtain falls on Insight's equities struggle", "Financial News", London, 12 August 2009. Retrieved on 25 April 2012.
  25. ↑ Insight Investment website, Change of registered office address page (Google cache, retrieved on 12 September 2012)
  26. ↑ "Insight joins forces with Pareto to create £200bn powerhouse", "Citywire", London, 14 September 2012. Retrieved on 2 October 2012.
  27. ↑ Insight Investment website, Our Awards page
  28. ↑ Insight Investment sponsorship statement on Royal Academy web site.
  29. ↑ Sponsorship statement on Royal Museums Greenwich web site.
  30. ↑ "Visionary with exact solutions in mind", "Financial Times", London, 14 May 2007. Retrieved on 25 April 2012.
  31. ↑ "Abdallah Nauphal: boutique boss keen to tailor products", "Financial Times", London, 31 October 2010. Retrieved on 25 April 2012.
  32. ↑ "Pension funds win time to tackle Emir problems", "Financial Times", London, 21 January 2012. Retrieved on 25 April 2012.
  33. ↑ "Q&A: Insight Investment Management's chief finance officer Atul Manek", "Financial News", London, 13 September 2010. Retrieved on 25 April 2012.
  34. ↑ "Insight names new head of fixed income", "Financial News", London, 20 April 2005. Retrieved on 8 July 2013.
  35. ↑ "Insight hires for global distribution role", "FT Adviser", London, 26 June 2013. Retrieved on 8 July 2013.
  36. ↑ "Insight Investment appoints global head of distribution", Press release from Insight Investment, London, 26 June 2013. Retrieved on 8 July 2013.
  37. ↑ "BNY Mellon to Acquire U.S. Investment Manager Cutwater Asset Management", "PR Newswire", New York and London, 6 October 2014. Retrieved on 9 June 2016.
  38. ↑ "City Moves for 27 October 2015 | Who's switching jobs", "City AM", London, 27 October 2015. Retrieved on 9 June 2016.
  39. ↑ "In-house legal teams size up new rulebooks", "Financial News", London, 13 February 2013. Retrieved on 9 June 2016.
  40. ↑ "Interview with Jane Ivinson, General Counsel at Insight Investment", "JSB Blog", London, 6 November 2014. Retrieved on 9 June 2016.
  41. ↑ "Repo revolution needed for pension funds", "Financial News", London, 7 March 2016. Retrieved on 9 June 2016.

External links

This article is issued from Wikipedia - version of the 6/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.