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

ICE to buy stake in Holland Clearing House

Intercontinental Exchange to acquire majority stake in Holland Clearing House. ABN Amro Clearing to retain minority interest.

High Net Worth: Getting what you pay for?

Matt Schofield, head of Zurich Private Clients, told Post the reason for introducing this new product came from a realisation of the need to cater for different types of HNW individuals.

Standard Life to close employee DB scheme

The firm’s DB scheme has been closed to new members since November 2004, and in January 2008 it was changed to a ‘revalued career average salary basis.

BNP Paribas Securities Services chosen for eDreams ODIGEO IPO

BNP Paribas Securities Services says it has handled the securities mechanisms of the eDreams ODIGEO initial public offering (IPO) on the Madrid, Barcelona, Bilbao and Valencia stock markets back in April this year.

Pantheon Unseats Partners Group in Investor Rankings

The firm is also a first-mover in efforts to lower the barriers of entry to the asset class. In May, it launched a feeder fund to give wealthy individuals access to its investments without the need to write institutional-size checks.

UK funds add 500 bln pounds to manage 5 trln in 2013- trade body

The IMA said most UK asset management activity was concentrated on London, but 11 percent, or nearly 560 billion pounds in total assets, were managed in Scotland.

South Africa's Investec to sell UK mortgage unit Kensington for $290 mln

The sale of Kensington, which follows that of Investec's struggling Australian professional finance and leasing arm in April, does not include the Irish operations

CBPE Capital signs for eFront Investment Café

This will enable CBPE to enhance the quality and efficiency of its communications with its investors.

Hungary Ready to Use Forex Reserves to Convert Forex Mortgages

Hungary’s central bank is ready to use part of the country’s foreign-currency reserves to help the government rid households of their costly foreign-currency mortgages

Platforms: Emotional finance and the fund manager focus

Fund selectors’ responses suggest that emotion plays a bigger role in their work than they might admit

ABN AMRO launches Asian corporate finance business for global Energy, Commodities & Transportation clients

The bank’s ECT Clients business is one of the most active lenders to companies in these sectors globally.

Liontrust fund suffers dismal year

The fund managed to raise a significant amount of money in 2013, as investors bought into Mr Mabbutt’s process and track record at Thames River, LGT Asset Management and Baring Asset Management.

BlueBay, Hedge Funds Take On Asset Managers for UCITS

Since the financial crisis in 2008, the market for liquid alternative investments such as UCITS, or Undertakings for Collective Investment in Transferable Securities, has grown as investors seek hedge fund-like returns in more regulated funds.

Prospects for fresh financial products

The desire to generate income will become a primary focus of new products.

Hermes CEO urges pension funds to disclose fees paid to asset managers

Hermes Fund Managers’ Saker Nusseibeh believes it is the responsibility of schemes to drive long termism, not their asset managers

Financial spread betting firm eyes £1bn float

Former Tory co-treasurer says the firm could be listed in “months” if the market is right

L&G To Shut Down Ipswich Office

Insurance group Legal & General has revealed plans to shut down its Ipswich office in a move that is expected to result in approximately 140 job losses.

Skandia U-turns on £640m Woodford switch and Invesco closures

Skandia now says it has listened to further feedback and has been told by advisers that there is sufficient demand for the Invesco funds to remain open.

European Capital Debt Management closes debt finance fund

European Capital Debt Management Limited announced today that it has closed its new £100 million fund, European Capital UK SME Debt LP, a fund to provide debt finance in small and medium sized enterprises in the UK

ECI Partners notches up largest fund in its history

The group’s 10th fund became oversubscribed largely because ECI’s existing backers, which committed about 80 per cent of the capital, increased their investments by a third, on average.

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