On November 19, 2012, Old Mutual plc announced that it will acquire a majority stake in AIVA Business Platforms, a family-owned business platform and distribution firm based in Uruguay.
On November 19, 2012, Old Mutual plc announced that it will acquire a majority stake in AIVA Business Platforms, a family-owned business platform and distribution firm based in Uruguay and operating in the Latin American region. AIVA currently provides administration and investment-related services to Old Mutual, and Old Mutual’s Emerging Markets business will continue to work with AIVA to expand its distribution in Latin America. AIVA provides services to a network of IFAs, wealth mangers and other institutions, and has approximately $800 million in assets under management. The terms of the transaction, which is subject to regulatory approval, were not disclosed.
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