Lloyds Banking Group is in talks to sell part of the fund management arm it gained when it merged with HBOS last year to a private equity-backed management team for up to £300m. Abdallah Nauphal, former chief executive of Insight Investment Management and now managing director of asset management for the Lloyds group, is leading a team to buy Insight’s third-party business, which manages about £74bn in funds for external clients.

This entry was posted by Gwen Robinson on Wednesday, June 10th, 2009 at 4:48 and is filed under Capital markets, People, Private equity. Tagged with Insight, Lloyds Banking Group. Edit this entry.