Wealth and Asset Management

Digital Wealth Manager Liqid Raises €33M

AFH to swell acquisition war chest with £15m fund raise

Schroders quiet on Lloyds tie-up as intermediary assets slip

This Bank Halved Clients While Doubling Assets Under Management

UBS Group AG: UBS Europe SE completes acquisition of Nordea’s Luxembourg-based private banking business

Wealth managers who really earned their fees (and how they did it)

Executive Moves

Boutique hires two City grandees for private client growth

Aegon promotes Kate Smith to head of master trust

Mirabaud recruits EMD manager from BlackRock

Canaccord promotes Hargreave manager to Worcester boss

Neal starts as new Lloyd’s CEO

AXA XL appoints new CUO of London Market wholesale

Legal, Regulation & Compliance

Two arrested in tax planning probe

Fair funding for farmers across all parts of the UK

Domestic farm support funding: reviewing distribution across the UK from 2020 to the end of the parliament

Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions

Sustainable finance

Scottish Widows awards £30bn fund contract to BlackRock

FinTech

Allianz artificial intelligence fund passes £880m mark

OpenFinance And Refinitiv Join Forces To Offer Technical Analysis And Pioneering Private Banking Management Technology

Cryptocurrency: UK tax issues for fund investors

Brexit overtakes robo-advice as biggest broker threat

Barclays halts work on cryptocurrency trading project

Axioma moves investment management toolset to the cloud

Alternative Investments

The Growth Stage launches institutional funding platform for investment in private growth companies

The PRI’s ESG Monitoring and Reporting in Private Equity

AFH seeks £15m to carry on buying

Saudi buyers snapping up European commercial real estate

Investors bet against Italian debt as budget fears intensify

Charities lose as lottery punters turn to offshore betting websites

Investment Banking

Infamous memo is not the only problem for HSBC’s investment bank

Angry management: The dark side of Santander’s new boss

European banks left behind in the big UK takeover deal boom

HSBC Malta launches new international business service

Investments are weak spot for German economy: banking association

Investment revamp at Deutsche Bank puts focus on customers

Comment, Analysis & Research

Pension freedoms expected to generate £19.2bn in tax

Investors fearful of CRS data breaches: OMI survey

How six wealth firms incentivise their staff

Ireland especially attractive to money launderers, says expert

Sanlam’s Secret Weapon: Introducing Evolve By Penny Lovell

Markets in turmoil – our view by Canaccord Genuity

Tax

EU transaction tax ‘very likely’ after Brexit

Tax purge slashes flow of offshore pension cash

Grant Thornton to create 48 jobs in Belfast

HMRC tax move killing off Qrop transfers

Where in the World Is Denmark’s $2 Billion?

Belgium: New register of ultimate beneficial owners introduced

Retail Banking

Barclays to challenge Goldman’s Marcus in US retail banking

Metro Bank rolls out money management Insights

Banca Generali reports September net inflows of €310 million

Goldman Sachs' new retail bank Marcus has signed up 50,000 UK customers in under 2 weeks

End of Greek cash withdrawal limits credit positive for its banks - Moody's

A Mega Bank Just Joined the Euro Zone; It's Too Big to Fail

Pensions

Government rules out flat-rate pension tax relief

Schroders targets DC default market with sustainable factor-based launch

National Advice Firm Believes FCA Bank on Free Informal 'Triage' Advice is in Consumer Interest

Punter Southall acquires Chartered Financial Planner

L&G to focus on supporting brokers in retirement lending space

LEBC Supports FCA Ban on Triage for DB Transfers

Brexit

Financial Policy Committee statement from its meeting

Bank of England warns EU over Brexit risk to financial stability

Hard Brexit risks UK status as ‘gateway to Europe’ for Japan as companies size up new sites

Cyprus to give British expats residency rights after Brexit

Nomura looks to Paris as post-Brexit EU lending hub

Is Brexit Creating Real Estate Investment Opportunities?