Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan.

Colonial First State Global Asset Management has kept its initials but picked a French name, as its chief executive and financial officer announce a rebrand and operational update under its new owner.

Chi-X Australia has launched a market-on-close trading solution that provides the opportunity for anonymous, all day liquidity and to execute at the ASX closing price.

AXA Investment Managers announced its fourth impact investment strategy which will launch at the end of this year, focused on addressing the basic needs of consumers in emerging and frontier markets.