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

BNY Mellon Named as Successor Depositary Bank by Russian real estate developer

PIK Group is a Russian real estate developer focused on large-scale residential projects

Succession picks Aegon as preferred corporate wrap

IFA consolidator Succession has chosen the Aegon Workplace Savings platform as its preferred corporate wrap for members and its national advice firm

German insurer plans to sell U.S. consumer business

Fireman's Fund's commercial coverage focused on small and medium-sized U.S. businesses will be integrated into Allianz' industrial insurance unit called Allianz Global Corporate & Specialty, Sueddeutsche Zeitung reported on Saturday.

Thousands lose pensions in firms' 'Fawlty Towers' bungles

Firms have lost "whole box loads of paperwork" recording pension contributions and entitlements, meaning thousands could be deprived of their retirement income

Millionaire property moguls buy British arm of Sotheby's estate agency

The British arm of Sotheby’s estate agency has been bought by millionaire property moguls who plan to expand the business and cash in on London’s cachet as a home for the super rich.

Three star managers who have gone it alone

Some of the UK’s highest profile and best-performing managers have left big-name firms and set up on their own.

Search for liquidity leads investors to consider alternative sources

Yield-hungry investors are increasingly looking to alternative sources of income and one niche area of the exchange-traded fund industry has attracted considerable attention this year.

Fledgling fund house reveals fund launch plans

Mr Bowie joined TwentyFour at the start of September, having left Ignis Asset Management after the firm was bought by Standard Life Investments.

Billionaire hedge-fund manager plans $2 billion IPO

We expect that the public listing of PSH will substantially enhance the stability of our capital base

Asian investors sought for Russian bonds

Western markets are closed for the time being to state-owned banks, Gazprombank, Rosneft, and the largest private natural gas company Novatek.

Capitalising on the surge in hedge fund start-ups

“There seems to be no end to hedge fund start-ups,” says Simon Monson. “And those who have been stuck at the $20 million assets under management (AuM) level for many years appear now to be on the move.”

Poland's mBank sells insurance arm to AXA in $175 mln deal

Poland's mBank, is selling its insurance arm to French group AXA in a deal worth 135 million euros ($175 million), the companies said on Friday, as the Polish lender moves to focus on its core banking business.

Russia's biggest bank considering listing on SGX

Singapore's Lacklustre Stock Market Could Get A Shot Of Adrenaline If Plans By The Huge Russian Lender Sberbank To List Here Come To Fruition.

The Ongoing Price War In The European ETF Market Is Bad News For Deutsche Bank

Over the last few quarters, asset manager Vanguard has seen strong growth in its funds by cutting fees for a number of its exchange-traded fund offerings.

night Frank, Douglas Elliman Join Forces And Target The Wealthy

wo Powerhouse Names In Real Estate Form Largest International Network For Prime and Super-Prime Properties, Release First Co-branded Wealth Report Supplement

Banks and fund managers prepare assault on UK platform market

Money Marketing understands a number of banks and even fund managers are exploring options to build on their ability to deal direct with investors.

BNP Paribas merges global equity fund into new strategy

The BNP Paribas L1 Equity World Quality Focus fund, which is Luxembourg-domiciled, was launched on 5 September.

Fund managers take home gold at annual Sauren awards

Another US-based manager who travelled to Frankfurt especially for the awards ceremony was Eagle Asset Management's Ed Cowart

Hedge fund boss gives £5 million to build new museum maths gallery

A hedge fund manager who built his business on mathematical reasoning has given the Science Museum an unprecedented £5 million towards building a new maths gallery.

BNY Mellon backs London to lead European race for offshore RMB

The impact the continued internationalisation of the RMB will have on the global monetary landscape cannot be overstated

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