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

Terry Smith pockets £30m as Fundsmith sends £156m to Mauritius

The Fundsmith founder’s remuneration nearly doubled as the company's profits surged to a record £48.5m in another strong year for the company.

Intertrust Group appointed fund administrator and depositary by European private equity firm KLAR Partners

Following a competitive tender, Intertrust Group was appointed based on the firm’s bespoke offering, operational strength to service the entire vertical fund structure and strong European foothold.

Fidelius Group acquires Robson Taylor IFA

There will be no changes to the costs to clients of Robson Taylor IFA, while the business will benefit from the economies of scale, technology and administration of the larger firm.

AXA IM rebrands fund to broaden social progress mandate

New social progress vehicle to cover wider remit

Delta Capita acquires International Compliance Partners (ICP)

The acquisition of ICP enables Delta Capita to further its continued expansion in Benelux financial services and enhance its growth through several additional teams of experienced analysts in the financial sector.

Capital Group plans new OEIC range as part of UK intermediary market push

First sustained brand campaign also launched

Business mogul Zaren Vassallo named EY Entrepreneur of the Year

Dr Juice founder John Winfield named EY Rising Star

Ashurst advised CapMan on third Nordic real estate fund

Global law firm Ashurst advised CapMan on the establishment of their third Nordic value-add real estate fund, the CapMan Nordic Real Estate III Fund.

Laurium Capital launches Irish UCITS Africa bond fund

Paul Robinson, portfolio manager said: "With global investors on the hunt for yield, African Eurobonds currently provide access to a liquid asset class which is offering some of the most attractive USD yields globally.

Watford targets new business relationships in France with Axeria acquisition

Jon Levy, Watford’s chief executive officer, said: “Our objective is to leverage our large capital base and Axeria’s experienced team to strengthen existing business relationships and to build new ones.”

Investment performance drives 7% growth in reinsurance capital in 2020: Willis Re

On an underlying basis, by normalising COVID and natural catastrophe losses and excluding reserve releases, the combined ratio improved to 100.7 percent, Willis Re said, the first full-year improvement in the ratio since at least 2014.

Is it time to quit Hargreaves Lansdown?

It was the reason many of us began investing. Now the fund platform faces serious competition

Fidelius Group acquires Bath-based IFA

Adds £105m AUM

Fidelius acquires Bath-based IFA

There will be no changes in the costs to clients of the IFA, Fidelius said, though it added the business would benefit from the economies of scale, technology and administration of the larger firm.

Zurich seals $3.94bn deal to buy MetLife's US property and casualty arm

"We expect the new business to contribute to growth beginning this quarter and start building on the leading positions that Zurich and the Farmers Exchanges have separately developed in the attractive US market."

Atom Bank valuation halves on £40m raise

The app-based outfit says lending to SMEs on its balance sheet has tripled over the last 12 months to over £700 million.

Octopus launches Octopus Moneycoach following acquisition of financial coaching provider Hatch

Octopus Moneycoach works primarily with employers, who offer its services as part of their workplace benefits, with existing clients that include MoneySuperMarket, Sony Interactive Entertainment, Epson, and Experian.

Momentum Global IM to rebrand funds following Seneca acquisition

All five funds are highly diversified portfolios investing in a wide range of global asset classes such as equities (both directly in the UK and selected third party managers overseas), fixed income, cash, property, and alternative strategies.

City abandons idea for £300m listed COVID recovery fund

The project, which was the brainchild of LSEG chief David Schwimmer, has been quietly abandoned, insiders have told Sky News.

Highvern Establishes London Office

Moving forward, the London office will be able to service clients not only from Jersey but will also be able to respond to a growing demand to service clients with UK based private wealth and corporate structuring requirements.

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