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Topics: HBOS| Schroders| Hellman Friedman| BNY Mellon| Insight| Lloyds| Gartmore
Lloyds is set to choose a buyer for its Insight Investments operations within weeks, having reportedly received five binding offers from firms including Schroders and Gartmore owners Hellman & Friedman.
The Times reports BNY Mellon has also made an bid for the former HBOS-owned fund manager, alongside an unnamed bank and a private asset manager.
Insight Investment chief executive Abdallah Nauphal is believed to favour private equity firm Hellman & Friedman, a group more likely to retain him in a senior position.
Nauphal was promoted to oversee Lloyds' Swip arm in March, prompting rumours a merger of the two businesses was on the cards. However, it is understood a sale of the company is now the most likely outcome.
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| Comment | Schroders and Gartmore among five bids for Insight |
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