Asset management

We have represented many leading insurers and financial institutions on acquisitions and disposals of asset management businesses, on regulatory and administrative aspects of fund management and on the appropriate insurance arrangements to protect their businesses.

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On 3 March 2010, President Obama sent to Congress the Administration's proposed text for the so-called "Volcker Rule," which if enacted into law would both limit the size of U.S. banks and require both U.S. and non-U.S. banks to choose between engaging in commercial banking, on the one hand, or principal activities not related to serving customers, on the other.
The Obama Administration today published Financial Regulatory Reform: A New Foundation, its long awaited comprehensive proposals for financial and regulatory reform (the White Paper).

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Allen & Overy LLP has advised Lloyds Banking Group plc in relation to its sale of Insight Investment Management Limited (Insight) together with its related group for GBP235 million.
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