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

Morningstar OBSR reveals fund manager awards shortlist

Fund rating agency Morningstar OBSR has revealed its shortlist for two of the four awards up for grabs at its annual Honours Dinner to be held in September.

Managers appointed to £100m green fund

"The appointment of two fund managers with £100m to invest in the non-domestic energy efficiency infrastructure sector shows that we are making good progress," said business secretary Vince Cable.

Mark Dampier: Missed targets at Artemis, but fund will still come good

The fund launched in May 2009, and it seems an appropriate time to review the fund, as its objective is to beat both the FTSE All Share index and cash over rolling three-year periods.

Festival of Business: Time for a new breed of bank

With high street lenders struggling, now is the perfect time to launch a boutique service.

Dexia loss adds to French and Belgian pain

CEO Karel de Boeck - who previously headed Fortis, another Benelux bank that succumbed to financial-market turmoil - will have to manage tensions between Dexia's owners as the likelihood grows that it will need a capital increase to strengthen its ba

Rivals plot £10bn bid for RBS's US arm

Itau Unibanco, one of Brazil’s largest banks, and Canada’s TD Bank are among those reported to be plotting bids to transform their coverage of the US.

Statistical flaws found in hedge fund study

Nevertheless, the claims in the book received widespread coverage, and we felt it was important that they were properly examined.

Ageas first-half insurance buoyed by UK business‎

the majority owner of Belgium’s biggest life insurer, reported insurance profit that beat analyst estimates and announced a stock buyback as a lockup on 78.9 million shares held by BNP Paribas SA (BNP) expires.

Armajaro set to launch financials hedge fund

The Armajaro Global Financials Fund will start with up to $100 million of assets under management, which could rise to more than $1 billion if the strategy performs, AAM said on Monday.

Zaoui Brothers Found New Firm After Yoel Leaves Goldman

The pair, who are French citizens, attracted attention in the late 1990s for being on the opposite sides of some of the era’s biggest takeover battles, including the $58 billion deal that created French energy giant Total SA and Vodafone Group Plc (

Dutch financial-services firm may sell Canadian Online Bank

The businesses may be sold for about 2.1 billion euros ($2.6 billion), with most of that value in the Canadian bank, according to Cor Kluis, an analyst at Rabobank International.

AXA first-half earnings fall, beat forecasts

"The solidity of our first half results can be explained by the fact that our strategy for several years now has focused on market lines that are less market-sensitive: P&C, health and protection," Chief Financial Officer Gerald Harlin said

Generali avoids writedowns to increase profit‎

Unveiling its first set of results under new Chief Executive Mario Greco, Generali said its net profit had seen a "strong progression" in the second quarter.

Catholic fund fails to convince believers

The aim was to replicate the success of funds compliant with Shariah law which have been in strong demand with Muslim investors.

Islamic Bank of Britain launches savings bond paying 4%

It's pretty rare for a decent rate on a savings account to come along, but the Islamic Bank of Britain (IBB) has done just this with its new two-year fixed rate account paying 4%.

Alliance Trust acquires Aviva Investors' £1.2bn SRI business

The team will continue to provide investment advice for the current SRI funds under an investment-advisory agreement.

Greece's Eurobank Considers Buying Emporiki Bank

Eurobank's statement comes immediately after an earlier announcement from National Bank of Greece SA, Greece's largest lender, which said it hadn't submitted a binding offer for Emporiki.

BRE Bank H1 net up 20 pct, above expectations

BRE said on Thursday its net profit increased to 651 million zlotys in the first six months of the year.

Pioneer Investments Celebrates 20 Years In Poland

Besides launching the first mutual fund in Poland, Pioneer Pekao TFI S.A. was also the first company which offered special programs of regular savings through mutual funds – dedicated both to individuals and companies.

KBC closes sale consumer finance business in Poland

Żagiel S.A. is one of the most experienced financial intermediaries in Poland, distributing and actively marketing consumer finance products (point of sale instalment loans, cash loans and credit cards).

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