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

Lloyd's of London grants China its first insurance syndicate

The Lloyd’s of London insurance market has granted a Chinese firm the right to own an underwriting syndicate for the first time in the market’s 326-year history.

Santander to launch investment platform

Santander UK aims to launch an investment platform next year, which will include online guidance tools to help investors identify suitable funds without going to an adviser.

UAE bank to finance redevelopment of area adjacent to Buckingham Palace

NBAD and ADFG conclude Dh1.8b financing deal to redevelop London's landmark 1 Palace Street

Russia Looks East, Opening its Markets to Singaporean Entrepreneurs

Russia, the largest country in the world by land area, is looking East, as relations with Its European and North American neighbours deteriorate in the face of events in Ukraine, with Ukrainian separatists allegedly backed by Russia.

Aegon sells stake in French unit

The proceeds will be added to the company's excess capital buffer and will increase the group's IGD solvency ratio by approximately 5 percentage points.

BVCA launches Channel Islands Working Group

The CIWG will also act as the BVCA’s representative

Millionaire buys Strand Centre for cash

Millionaire Brian Eaton hopes Tesco will set up shop in the Strand Shopping Centre for which he has just spent millions in cash to buy.

Abu Dhabi bank agrees $490m loan for luxury London project

National Bank of Abu Dhabi (NBAD) and Abu Dhabi Financial Group (ADFG) on Monday announced the completion of a AED1.8 billion ($490 million) financing deal for one of the largest redevelopment projects in central London.

Sovereign wealth fund acquisitions surge as confidence returns

The money was spent across 79 transactions – the highest number since 2008 – with real estate and infrastructure dominating the deal flow.

Alcentra raises €850m for first pan-European lending fund

Sub-investment grade bond shop Alcentra has raised €850 million for its first pan-European direct lending fund — 70% more than its initial target — as it looks to plug the lending gap caused by the balance sheet constraints of European ba

'Why nearly every share is in danger'

explains why the future could be bleak for some of Britain's biggest companies

Aviva agrees £5.6bn deal to buy rival blue-chip life insurer

Aviva confirms a Sky News report that it is buying Friends Life in a £5bn-plus deal that will reshape the pensions industry.

Aberdeen moves to rebrand entire Swip range

Aberdeen is set to rename the entire Scottish Widows Investment Partnership retail fund range, putting an end to the brand.

Ex-Cheyne Capital’s Davies to Start Event Driven Hedge Fund Firm

He registered the firm at the U.K.’s Companies House in July. Davies left Cheyne Capital, which manages more than $6 billion, in September, according to the Financial Conduct Authority’s register. A spokeswoman for Cheyne Capital declined to c

Sprint100: Fund manager Kennox is Scotland's fastest growing small company

Edinburgh fund manager has seen its turnover soar by 197.8% in past three years to £981,000 and profits of £231,000 in their latest financial year

Dutch asset manager MN to reorganise, shed 200 jobs

The €100bn asset manager and pensions provider MN has announced it would embark on a four-year restructuring programme.

Pension funds must dare to invest in untested asset types

Pension funds and other institutional investors need to be braver, given the environment of low interest rates, and consider strategies used by hedge funds

Tiger Global’s shells target firms in EU

Rob Terry, the chairman of Quindell, stepped down this week with two other directors

7IM drops Capita as ACD to bring role in-house

Discretionary fund manager and platform provider Seven Investment Management is to drop Capita Financial Managers as its authorised corporate director and bring the function in-house, following the growth of its fund business.

October shorts put new dent in flagship Odey fund

Crispin Odey's flagship €1.8 billion hedge fund remains down by more than 10% this year, after fresh losses in October undid the gains of late summer.

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