- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Iceland’s former prime minister acquitted over role in financial crisis

On three out of the four charges against him, Haarde was found not guilty.

Scottish law firm set to make private client redundancies

Following a strategic review four support staff and two lawyers in the private client team are at risk of losing their jobs.

Greek bank sues Reuters over investigative report

Piraeus Bank in Athens has sued both the news agency, a unit of Thomson Reuters Corp, and the article's author, reporter Stephen Grey.

Dewey partner leaves for KPMG

KPMG has recruited the senior London tax partner of international law firm Dewey & LeBoeuf to head its European practice.

Minter Ellison takes second partner from Mayer Brown in London

He qualified in the England and Australia, Marley has broad experience in finance transactions ranging from leveraged finance and restructuring to private equity investment and project finance.

FSA seeks £100m for investors who lost out in Arch cru freeze

THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.

FSA confirms 30-month rule for ‘most’ RDR activities

For most investment activities, a retail investment adviser must attain an appropriate qualification within 30 months of starting to advise if they are working under supervision, the regulator said.

FSA seeks £100m for investors who lost out in Arch cru freeze

THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.

SJ Berwin favours London in depleted promotions round

Allan, who focuses on both fund formation and fund-related transactions, is an addition to the firm’s investment funds partner offering,

FSA seeks £100m for investors who lost out in Arch cru freeze

THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.

Low investor awareness of risk shows need for risk targeted funds

Half of people who have an investment product are only vaguely aware of the level of risk they are taking within that product according to new research by Skandia Investment Group.

Watchdog may act on whistleblower’s KPMG complaint

Paul Moore, the former head of risk at HBOS, has complained to the Financial Reporting Council (FRC) over a report prepared by the auditor that approved his dismissal from HBOS in 2005.

Northern Trust helps Sparebank1 Skadeforsikring meet its Solvency II requirements

Northern Trust has announced today that it is providing specialist custody and asset administration services to help insurance clients, such as Sparebank1 Skadesforsikring, help prepare for Solvency II.

FSA seeks £100m for investors who lost out in Arch cru freeze

The Financial Services Authority has used new powers to set up the scheme after investors seeking low-risk products ended up with high-risk assets such as shipping and venture capital.

SJ Berwin favours London in depleted promotions round

The City firm has made up four London associates and one in Frankfurt, down on the eight it promoted last year (6 May 2011).

FSA fines wealth firm £26k for 'serious' failings

The FSA found that Christchurch’s Compliance Officer, Thornberry, failed to ensure that client money and assets were managed appropriately.

KPMG faces inquiry over rescue of HBOS

Mr Moore’s complaint comes a week after it emerged that the former head of HBOS’s corporate bank, Peter Cummings, is to fight a seven-figure fine handed out by the Financial Services Authority for his part in the collapse of the bank.

New SFO head David Green pledges agency 'here to stay'

There had been speculation Mr Green could have been tasked with merging the SFO into one of the other crime fighting agencies.

Morgan Stanley May Seize Citypoint Tower, Sunday Times Reports

Beacon Capital has missed several interest payments on the Morgan Stanley loan used to buy Citypoint in 2007, the London- based newspaper said.

Nearly 11,000 KPMG staff go unpaid

Usually KPMG staff are paid on the last Friday of every month however, they will now have to wait until after the weekend.

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