Managers of Wealth - Europe http://europe.managersofwealth.com/ Wed, 29 Jan 2020 07:24:03 GMT part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Deutsche Bank WM to launch funds focusing on CIO views News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78195/deutsche-bank-wm-to-launch-funds-focusing-on-cio-views Clients will also be able to add thematic investments to their core allocation. Wealth and Asset Management Quilter to spend £20m a year on buying advice firms News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78208/quilter-to-spend-amppound20m-a-year-on-buying-advice-firms QPCA is targeted at wealthy clients, people with more than £150,000 of investable assets. Wealth and Asset Management Harwood launches bid for national IFA News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78210/harwood-launches-bid-for-national-ifa Harwood Capital has until 25 February to present formal offer for Manchester-based IFA Wealth and Asset Management Trust has one key mission - to preserve the 'real' value of investors' wealth News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78140/trust-has-one-key-mission-to-preserve-the-amp039realamp039-value-of-investorsamp039-wealth 'It's a trust that private investors, charities and wealth managers all like,' says Lyon. 'It's broadly diversified and they like the fact that we aim to protect wealth in real terms.' Wealth and Asset Management Queen's banker bullish on 'unloved' UK stocks News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78145/queenamp039s-banker-bullish-on-amp039unlovedamp039-uk-stocks Johnson's insistence on completing a deal by the end of the year may stoke market risk if months tick by with little progress. Wealth and Asset Management Charles Derby Group rebrands to Quilter Financial Advisers News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78157/charles-derby-group-rebrands-to-quilter-financial-advisers Quilter Financial Planning is one of the UK’s largest distributors of advice, with over 3,900 advisers. Wealth and Asset Management BTG Pactual opens first Europe wealth office to tap Brazil expats News Aggregation Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78113/btg-pactual-opens-first-europe-wealth-office-to-tap-brazil-expats The Lisbon office will focus on ultra-high net worth, high net worth and mass affluent clients in Portugal while also acting as a gateway for European individuals looking to invest in Brazil. Wealth and Asset Management New business results for the six months ended 31 December 2019 News Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78115/new-business-results-for-the-six-months-ended-31-december-2019 The three months ended 31 December 2019 are referred to as “Q2 2020” throughout this document. Wealth and Asset Management This Software Technology Firm is Reshaping the Asset Management Industry News Aggregation Team Thursday, January 23, 2020 12:00 am http://europe.managersofwealth.com/article/78066/this-software-technology-firm-is-reshaping-the-asset-management-industry Wealth, using artificial intelligence and machine learning, is resolving market issues through high-tech applications Wealth and Asset Management 2020 outlook for asset & wealth management industry News Team Thursday, January 23, 2020 12:00 am http://europe.managersofwealth.com/article/78073/2020-outlook-for-asset-ampamp-wealth-management-industry The topics of consolidation, regulation and innovation are front and center Wealth and Asset Management GAM appoints Charles Naylor as its new Global Head of Corporate Communications and Investor Relations News Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78179/gam-appoints-charles-naylor-as-its-new-global-head-of-corporate-communications-and-investor-relations Charles has led communications teams, with diverse cultures and languages, in highly regulated international organisations across multiple jurisdictions across six continents. Executive Moves Banca Sella appoints business development manager News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78180/banca-sella-appoints-business-development-manager The new service, which is part of Banca Sella's private banking division led by Leonardo Cervelli, has been set up to develop a family business service capable of integrating extraordinary. Executive Moves Schroder Adveq Strengthens Board News Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78186/schroder-adveq-strengthens-board Georg was appointed Schroders Global Head of Private Assets last year and is focused on developing and executing Schroders’ private assets growth strategy on a global scale. Executive Moves Butterfield Names New Group Head of Trust, Announces Management Appointments News Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78187/butterfield-names-new-group-head-of-trust-announces-management-appointments Ms. Pearce was most recently Regional Managing Director of Vistra’s UK, Ireland and Channel Islands businesses. Executive Moves Swiss Re Corporate Taps Ex-Allianz Exec Willauer as Head Property & Specialty, EMEA News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78199/swiss-re-corporate-taps-ex-allianz-exec-willauer-as-head-property-ampamp-specialty-emea Over the past two years, she took a sabbatical on the Camino de Santiago Francés, her profile said. Executive Moves Ex-Chancellor Philip Hammond joins fintech lender OakNorth News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78200/ex-chancellor-philip-hammond-joins-fintech-lender-oaknorth Hammond was chancellor of the exchequer from 2016 to 2019 under Theresa May’s government. Executive Moves Brooks shakes up senior investment team as co-head exits News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78206/brooks-shakes-up-senior-investment-team-as-co-head-exits Robin Eggar will take full responsibility of the firm's UK investment management arm. Executive Moves JM Finn hires former Cazenove wealth planner News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78202/jm-finn-hires-former-cazenove-wealth-planner The firm's hire spree continues with the appointment of Clare Julian as a chartered wealth planner. Executive Moves Brooks Macdonald investment co-head exits for IFA News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78209/brooks-macdonald-investment-co-head-exits-for-ifa John Wallace had been with the business for 15 years Executive Moves SANNE strengthen Luxembourg offering with two senior appointments News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78159/sanne-strengthen-luxembourg-offering-with-two-senior-appointments The appointments follow consistent growth as interest has continued to increase around the attractiveness of doing business in Luxembourg. Executive Moves Prevention of Money Laundering and Terrorist Financing: Identity of beneficial owners News Team Wednesday, January 29, 2020 12:00 am http://europe.managersofwealth.com/article/78214/prevention-of-money-laundering-and-terrorist-financing-identity-of-beneficial-owners Professionals should keep records of all actions taken to identify the UBOs under point (i), (ii) or (iii) and they should be ready, when requested, to justify the measures they have taken. Legal, Regulation & Compliance Drop in HMRC tax fraud investigations News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78181/drop-in-hmrc-tax-fraud-investigations As FOI shows number of raids fell by 23% last year but ‘interpreting the data is not straightforward’ Legal, Regulation & Compliance GAM activist calls for immediate action to re-examine sale News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78182/gam-activist-calls-for-immediate-action-to-re-examine-sale Swiss asset manager has previously dismissed speculation it was in talks about a potential deal Legal, Regulation & Compliance Bank of China Settles Money Laundering Case for $4 Million News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78211/bank-of-china-settles-money-laundering-case-for-4-million The lender will pay a 3 million-euro fine and 900,000 euros in damages to French tax authorities to put the criminal allegations behind it Legal, Regulation & Compliance Senior partner bags £1m for lock-in deal extension News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78133/senior-partner-bags-amppound1m-for-lock-in-deal-extension The agreement contained non-poaching and non-solicitation restrictive covenants for two years following termination of his employment, and a covenant preventing Rosenblatt from being employed, engaged or interested with any competitive business for 12 mon Legal, Regulation & Compliance Guernsey Finance “is more relevant than ever” News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78138/guernsey-finance-ampldquois-more-relevant-than-everamprdquo Mr Wheatley said: “Representing the island and this financial community for the past five years has been among the most rewarding and enjoyable periods of my career.” Legal, Regulation & Compliance Germany Probes Deutsche Bank Payments to Saudi Royal Adviser: FT News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78147/germany-probes-deutsche-bank-payments-to-saudi-royal-adviser-ft The money transfers were arranged in 2011 and 2012, along with other perks, including an internship and a seminar at a Swiss ski resort. Legal, Regulation & Compliance Rothschild bank heirs sue authorities in Vienna for 'perpetuating Nazi laws by plundering £90m charitable trust that was seized by Hitler' News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78149/rothschild-bank-heirs-sue-authorities-in-vienna-for-amp039perpetuating-nazi-laws-by-plundering-amppound90m-charitable-trust-that-was-seized-by-hitleramp039 The lawsuit has accused district of plotting to sell valuable property under value Legal, Regulation & Compliance PIMFA Welcomes IRSG Report on ‘Architecture for Regulating Finance after Brexit’ News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78158/pimfa-welcomes-irsg-report-on-amplsquoarchitecture-for-regulating-finance-after-brexitamprsquo The report reflects a number of PIMFA views and interests, and will help our own bilateral work with Treasury to ensure that our detailed knowledge of the retail investment, savings, and advice markets, and their regulation, receives full consideration in Legal, Regulation & Compliance FINMA Credit Suisse Investigation Could See Executive Overhaul News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78160/finma-credit-suisse-investigation-could-see-executive-overhaul The bank is being investigated for spying on its own personnel. Legal, Regulation & Compliance Standard Chartered, Bahrain FinTech Bay to foster startups in the region News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78183/standard-chartered-bahrain-fintech-bay-to-foster-startups-in-the-region The FinTech space in the Middle East and North Africa (MENA) region is expected to have strong growth prospects where it is estimated to receive private-funding investments worth $2 billion in the GCC over the next decade. FinTech Objectway examines scaleable options for wealth managers News Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78188/objectway-examines-scaleable-options-for-wealth-managers By 2025, an ideal scenario would be to see more scalable firms, with margins increasing and efficiency gains across their front and back offices. FinTech The blessings of PSD2 and open banking News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78193/the-blessings-of-psd2-and-open-banking Jakob Geyer, Legal Counsel at IXOPAY, reveals the opportunities that PSD2 and open baking bring to both consumers and businesses FinTech SimplyBiz revenue up after fintech acquisition News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78198/simplybiz-revenue-up-after-fintech-acquisition SimplyBiz bought Defaqto, a financial services tech business and fintech platform, for £74.3m in March last year FinTech How Britain's financial giants scuppered the digital banking revolution News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78142/how-britainamp039s-financial-giants-scuppered-the-digital-banking-revolution It could pave the way for new banking apps that help people manage their money FinTech Digital currency cannot be private, says French central banker News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78143/digital-currency-cannot-be-private-says-french-central-banker Spurred by the rise of cryptocurrencies and Facebook`s plans to launch its Libra currency, central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of state control over money. FinTech Ripple’s 2020 predictions for the financial services industry News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78144/rippleamprsquos-2020-predictions-for-the-financial-services-industry New blockchain payment technologies like Ripple’s enable SMEs to invoice and receive international payments immediately, in small amounts, and with certainty. FinTech Brilliance Financial Technology announces new office expansion in Amsterdam News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78150/brilliance-financial-technology-announces-new-office-expansion-in-amsterdam "Our newest location will fortify our current services and enable us to grow our existing customer base in EMEA." FinTech Monzo in talks with SoftBank to raise cash for expansion News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78151/monzo-in-talks-with-softbank-to-raise-cash-for-expansion Discussions between the two parties are at an early stage and a funding deal has not been agreed FinTech New industry research finds AI, robotics and automation will be central to the future of financial services News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78156/new-industry-research-finds-ai-robotics-and-automation-will-be-central-to-the-future-of-financial-services These platforms will allow banks and wealth managers to grow and partner seamlessly with a host of third parties and fintechs. FinTech Aztec Group to administer Luxgrove UK real estate fund News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78184/aztec-group-to-administer-luxgrove-uk-real-estate-fund Specialising in alternative investments, including real estate, infrastructure, private equity and private debt, the Aztec Group employs more than 900 people across six offices and administers over €360 billion of assets for more than 200 alternative Alternative Investments Unigestion launches private equity fund News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78194/unigestion-launches-private-equity-fund Unigestion has been at the forefront of this continued innovation and have led multiple complex secondary transactions at the small end of the market. Alternative Investments Darwall reveals plans for new fund house News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78196/darwall-reveals-plans-for-new-fund-house Mr Darwall won the £1.1bn European Opportunities trust from Jupiter last year after announcing his departure. In addition he has one institutional client. Alternative Investments Fairstone adds £263m in double acquisition News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78197/fairstone-adds-amppound263m-in-double-acquisition Fairstone also gained 330 clients, three advisers and £150m in funds from its purchase of Wagstaffs Wealth Management. Alternative Investments Saudi wealth fund PIF plans to buy soccer team Newcastle United News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78139/saudi-wealth-fund-pif-plans-to-buy-soccer-team-newcastle-united A final deal could be days or weeks away. The tentative deal could still break down, the report said Alternative Investments UK active fund managers suffer bloodbath in 2019 News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78146/uk-active-fund-managers-suffer-bloodbath-in-2019 Heavy redemptions from London’s best-known active managers follow demise of Neil Woodford and industry scandals Alternative Investments Hedge fund investment down in 2019, but redemptions are too News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78154/hedge-fund-investment-down-in-2019-but-redemptions-are-too Direct investment in hedge funds totaled $8.8 billion in 2019, down 9.6% from the prior year. Alternative Investments BNP Paribas bullish on equities despite global growth concerns News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78155/bnp-paribas-bullish-on-equities-despite-global-growth-concerns Bank’s wealth management division says it is advising clients to go easy on fixed income Alternative Investments Alternative assets investment trust launches £200m UK float News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78161/alternative-assets-investment-trust-launches-amppound200m-uk-float As well as raising £200m through the initial placing, ALTS announced the establishment of a share placing programme worth up to £500m. Alternative Investments Henderson Park seek €400m+ for prime Dublin office blocks News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78163/henderson-park-seek-ampeuro400m-for-prime-dublin-office-blocks Properties were previously owned by Green Reit, which was acquired by Henderson Park Capital for €1.34bn last year Alternative Investments UBS to Hire 20 Managing Directors to Boost Investment Bank News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78203/ubs-to-hire-20-managing-directors-to-boost-investment-bank New investment bank strategy is focused on four core areas Investment Banking This year's bonus round: initial reactions News Aggregation Team Thursday, January 23, 2020 12:00 am http://europe.managersofwealth.com/article/78087/this-yearamp039s-bonus-round-initial-reactions Banks never comment on actual bonuses, so bonus reports are necessarily subjective and incomplete. Investment Banking JPMorgan to buy Paris building to bring euro teams from London News Aggregation Team Monday, January 20, 2020 12:00 am http://europe.managersofwealth.com/article/77974/jpmorgan-to-buy-paris-building-to-bring-euro-teams-from-london That reflects a wider trend of banks shifting selected activities to euro-zone cities ahead of Brexit, without calling into question London's dominance as Europe's premier financial centre. Investment Banking Brazilian investment bank opens office in Portugal News Aggregation Team Monday, January 20, 2020 12:00 am http://europe.managersofwealth.com/article/77992/brazilian-investment-bank-opens-office-in-portugal The bank's operations in Portugal will be led by its partner Ricardo Borgerth, who brings 16 years' experience at the firm's wealth management division. Investment Banking Barclays said to be cutting some top director roles in investor banking News Aggregation Team Friday, January 17, 2020 12:00 am http://europe.managersofwealth.com/article/77924/barclays-said-to-be-cutting-some-top-director-roles-in-investor-banking Barclays CEO Jes Staley has clamped down on expenses, and in 2019, he said the bank cut 3,000 jobs in the second quarter Investment Banking Wells Fargo is building out its investment bank in Paris News Aggregation Team Friday, January 17, 2020 12:00 am http://europe.managersofwealth.com/article/77948/wells-fargo-is-building-out-its-investment-bank-in-paris The bank has named Nick Bennett CEO of WFSE, subject to regulatory approval. Bennett was previously the bank's head of fixed income and trading for EMEA. Investment Banking Barclays has made itself a pariah over the climate crisis – now it's time for a boycott News Aggregation Team Thursday, January 09, 2020 12:00 am http://europe.managersofwealth.com/article/77682/barclays-has-made-itself-a-pariah-over-the-climate-crisis-ampndash-now-itamp039s-time-for-a-boycott The problem is that other big institutional investors will buy that sort of crap because that’s what big institutional investors usually do. Investment Banking Morning Coffee: JPMorgan's warning about working for 2nd tier banks. The thing about all those new Python jobs News Aggregation Team Wednesday, January 08, 2020 12:00 am http://europe.managersofwealth.com/article/77647/morning-coffee-jpmorganamp039s-warning-about-working-for-2nd-tier-banks-the-thing-about-all-those-new-python-jobs Pinto signaled too that 2020 will be a year in which banks like JPMorgan continue to juice their technology spending to get more out for what they put in. Investment Banking Lloyds Banking Group reveals £1.6bn boost for Scots businesses News Aggregation Team Monday, January 06, 2020 12:00 am http://europe.managersofwealth.com/article/77578/lloyds-banking-group-reveals-amppound16bn-boost-for-scots-businesses Part of that money saw Bank of Scotland support Lerwick Port Authority to develop a new white fish market at Lerwick Harbour by providing a £3 million funding package. Investment Banking SocGen: making the case for European bank champions News Aggregation Team Monday, January 06, 2020 12:00 am http://europe.managersofwealth.com/article/77583/socgen-making-the-case-for-european-bank-champions EU politicians are warming to cross-border mergers. The French lender wants to be at the forefront Investment Banking The rise of HNWI in Eastern Europe News Team Wednesday, January 29, 2020 12:00 am http://europe.managersofwealth.com/article/78213/the-rise-of-hnwi-in-eastern-europe Philanthropy is also a key trend, with many wealthy families and individuals looking to give back to worthy causes in their home countries. Comment, Analysis & Research Law firm survey 2019 News Team Wednesday, January 29, 2020 12:00 am http://europe.managersofwealth.com/article/78215/law-firm-survey-2019 This clearly indicates just how much and how rapidly the legal sector has been changing over the last few years. Comment, Analysis & Research London's 'City' is banking on wide appeal post Brexit News Aggregation Team Wednesday, January 29, 2020 12:00 am http://europe.managersofwealth.com/article/78216/londonamp039s-amp039cityamp039-is-banking-on-wide-appeal-post-brexit But the new set of rules are not without risk for City companies working out of London skyscrapers nestled among medieval buildings. Comment, Analysis & Research Fund domiciliation report News Team Wednesday, January 29, 2020 12:00 am http://europe.managersofwealth.com/article/78217/fund-domiciliation-report The exponential growth of the industry is supported by these positive forecasts from data provider Preqin and industry participants are equally bullish. Comment, Analysis & Research Opinion: this can't be what anyone thinks 'fair' overdrafts look like News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78189/opinion-this-canamp039t-be-what-anyone-thinks-amp039fairamp039-overdrafts-look-like It continues a trend of providers confirming that they will be charging around 40% for customers who drop into an overdraft. Comment, Analysis & Research Brexit making Brits go bonkers about banks and their bucks News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78190/brexit-making-brits-go-bonkers-about-banks-and-their-bucks Younger generations (18-24 and 25-34 year olds) are the most anxious about Brexit’s impact on their bank and bucks – 42% of 18-24 year olds fear that their high street bank may go under following Brexit, compared to just 7% of over 65s. Comment, Analysis & Research Neil Woodford investors take hefty loss as payouts begin News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78204/neil-woodford-investors-take-hefty-loss-as-payouts-begin Savers to receive initial payout of 46p to 57p per share compared with 100p launch price Comment, Analysis & Research Six eurozone banks fall short of ECB capital requirements News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78205/six-eurozone-banks-fall-short-of-ecb-capital-requirements Rise in lenders missing targets underlines continued fragility of European banking sector Comment, Analysis & Research Surge in investor visa applications from China’s super-rich News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78148/surge-in-investor-visa-applications-from-chinaamprsquos-super-rich The tier one investor visa allows those who invest £2m or more in the UK to live there for three years and four months, with the possibility of a two-year extension. Comment, Analysis & Research Coronavirus: investors should avoid knee-jerk reactions News Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78164/coronavirus-investors-should-avoid-knee-jerk-reactions The death toll has now risen to 81 and almost 3,000 people have been confirmed as infected, with 44 cases having been detected outside China, where it originated. Comment, Analysis & Research How to make multinationals pay their share, and cut tax havens out of the picture News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78177/how-to-make-multinationals-pay-their-share-and-cut-tax-havens-out-of-the-picture The OECD’s latest proposals would change little in a rigged system. Britain should back a new global scheme Tax Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78137/tax-agencies-step-up-efforts-to-hone-in-on-crypto-tax-evasion The era-defining financial scandal shone a light on a controversial characteristic of international finance that would soon spell trouble for cryptocurrency investors and businesses the world over: anonymity. Tax World's biggest banks pushing for £4bn post-Brexit tax cuts to boost the City News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78153/worldamp039s-biggest-banks-pushing-for-amppound4bn-post-brexit-tax-cuts-to-boost-the-city Bank chiefs claim to have plenty of offers from countries within the EU looking to attract business following Brexit. Tax Taxman unearths £200m in joint operation News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78165/taxman-unearths-amppound200m-in-joint-operation As part of the action, which took place this week, HMRC officers used a search warrant in the Stoke area and arrested a man as part of their enquiries. Tax Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain News Team Sunday, January 26, 2020 12:00 am http://europe.managersofwealth.com/article/78135/despite-us-french-truce-on-dsts-prospects-for-broader-oecd-tax-pact-remain-uncertain France implemented its tax last fall, retroactive to January 1, 2019 Tax It May Be the Biggest Tax Heist Ever. And Europe Wants Justice. News Aggregation Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78109/it-may-be-the-biggest-tax-heist-ever-and-europe-wants-justice Stock traders are accused of siphoning $60 billion from state coffers, in a scheme that one called “the devil’s machine.” Germany is the first country to try to get its money back. Tax Global Tax Crackdown Targets Central American Financial Firm News Aggregation Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78122/global-tax-crackdown-targets-central-american-financial-firm Each country is expected to take criminal, civil and regulatory actions as the investigation grows. Tax Final regulations on EU mandatory disclosure rules published News Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78127/final-regulations-on-eu-mandatory-disclosure-rules-published The regulations take effect from 1 July 2020 (with a retrospective reporting requirement for certain arrangements from 25 June 2018). Tax What does equal pay mean to the tax system? by Susan Ball News Team Wednesday, January 22, 2020 12:00 am http://europe.managersofwealth.com/article/78035/what-does-equal-pay-mean-to-the-tax-system-by-susan-ball As anyone who has been involved in an equal pay claim knows, they are complex and costly. Tax UK Opens $130,000 Contract to Catch Crypto Tax Evaders News Aggregation Team Wednesday, January 22, 2020 12:00 am http://europe.managersofwealth.com/article/78055/uk-opens-130000-contract-to-catch-crypto-tax-evaders HMRC is one of the UK’s largest organizations, with 60,000 full-time equivalent staff working to collect taxes. Tax Spain's Bankia sees further decline in lending income in 2020, shares fall 3% News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78192/spainamp039s-bankia-sees-further-decline-in-lending-income-in-2020-shares-fall-3 Shares in Bankia reversed earlier gains and were down 3.5% at 0903 GMT following Alvear’s comments. Retail Banking RBS boss Alison Rose plotting to axe thousands of NatWest jobs News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78152/rbs-boss-alison-rose-plotting-to-axe-thousands-of-natwest-jobs RBS has 65,000 staff, about one- third in retail banking. Retail Banking Italy's Banca IFIS rules out M&A as it unveils new plan to boost profit News Aggregation Team Wednesday, January 15, 2020 12:00 am http://europe.managersofwealth.com/article/77836/italyamp039s-banca-ifis-rules-out-mampampa-as-it-unveils-new-plan-to-boost-profit Italy’s loan recovery market is under pressure to consolidate after years of stellar growth fed by a 200 billion euro ($222 billion) banking clean-up, as lenders were forced to shed loans that turned sour due to a deep recession. Retail Banking TSB to open new IT centre in Edinburgh News Aggregation Team Wednesday, January 15, 2020 12:00 am http://europe.managersofwealth.com/article/77859/tsb-to-open-new-it-centre-in-edinburgh A new services agreement will see IBM build and manage TSB’s private cloud environment, running services across TSB’s core banking platforms with all of the infrastructure being operated and managed by IBM under supervision by TSB. Retail Banking Danske Offers 2,000 Employees Option to Quit Amid Cost Focus News Aggregation Team Monday, January 13, 2020 12:00 am http://europe.managersofwealth.com/article/77778/danske-offers-2000-employees-option-to-quit-amid-cost-focus Danske under investigation in $222 billion Estonian scandal Retail Banking HSBC starts process to offload French retail operations News Aggregation Team Monday, January 13, 2020 12:00 am http://europe.managersofwealth.com/article/77782/hsbc-starts-process-to-offload-french-retail-operations The HSBC divestiture, if materialised, would offer the acquirer access to nearly 230 retail branches and the France deposit base of HSBC. Retail Banking Italy in EU talks over Popolare Bari rescue plan- Economy Minister News Aggregation Team Friday, January 10, 2020 12:00 am http://europe.managersofwealth.com/article/77745/italy-in-eu-talks-over-popolare-bari-rescue-plan-economy-minister The biggest bank in the south of Italy was put under special administration by Bank of Italy in December. Retail Banking Fledgling British bank Starling flies to Dublin News Aggregation Team Monday, January 06, 2020 12:00 am http://europe.managersofwealth.com/article/77576/fledgling-british-bank-starling-flies-to-dublin Felim O’Donnell, another former AIB staffer, joined Starling International in September as chief operating officer from Liberty IT, a technology subsidiary of US insurer Liberty Mutual. Retail Banking Germans Hold a Record? 6.6 Trillion in the Banks News Aggregation Team Friday, January 03, 2020 12:00 am http://europe.managersofwealth.com/article/77537/germans-hold-a-record-66-trillion-in-the-banks The DZ Bank study covers bank deposits, cash, bonds and money market instruments, stocks, funds, insurance, retirement benefits and other financial contributions. Retail Banking Italy plans to sell its Monte Paschi stake by 2021 News Aggregation Team Monday, December 30, 2019 12:00 am http://europe.managersofwealth.com/article/77484/italy-plans-to-sell-its-monte-paschi-stake-by-2021 At stake is the approximately €5.4bn ($6bn) Italian taxpayers contributed to rescuing Monte Paschi as well as the Siena-based lender’s future as a viable private institution. Retail Banking Folksam, KLP and FPK invest via Nordic forest fund’s €500m funding round News Aggregation Team Wednesday, January 22, 2020 12:00 am http://europe.managersofwealth.com/article/78057/folksam-klp-and-fpk-invest-via-nordic-forest-fundamprsquos-ampeuro500m-funding-round Folksam first invested €50m into the Silvestica Green Forest fund in 2017, while KLP invested €23.9m a year later. Pensions FCA statement on Assessing Suitability Review 2 News Team Tuesday, January 21, 2020 12:00 am http://europe.managersofwealth.com/article/78052/fca-statement-on-assessing-suitability-review-2 The review is a key element of our wider strategy for the financial advice sector. Pensions More than £2.85bn languishes in Swiss pension accounts News Team Friday, January 17, 2020 12:00 am http://europe.managersofwealth.com/article/77939/more-than-amppound285bn-languishes-in-swiss-pension-accounts deVere United Kingdom and deVere Switzerland, part of deVere Group which does business in more than 100 countries globally, say the trend has soared in the recent months. Pensions QROPS List – January 1, 2020 News Aggregation Team Thursday, January 09, 2020 12:00 am http://europe.managersofwealth.com/article/77713/qrops-list-ampndash-january-1-2020 None of the remaining 26 financial centres hits triple figures, with Ireland trailing in third place with 68 QROPS, just ahead of Guernsey (66) and Jersey (65). Pensions What will the Government do on Pensions in the Budget? News Team Tuesday, January 07, 2020 12:00 am http://europe.managersofwealth.com/article/77617/what-will-the-government-do-on-pensions-in-the-budget The manifesto promised simply to work on a sustainable long-term solution to the problem of providing social care by building cross-party consensus. Pensions Pension costs hurt CC profits as A&O leadership sees pay increases News Aggregation Team Thursday, January 02, 2020 12:00 am http://europe.managersofwealth.com/article/77530/pension-costs-hurt-cc-profits-as-aampampo-leadership-sees-pay-increases The firm’s pension deficit stood at £284m at the end of the financial year, slightly up on £283m the previous year Pensions Advisers urged to prepare for investment pathways News Aggregation Team Tuesday, December 31, 2019 12:00 am http://europe.managersofwealth.com/article/77504/advisers-urged-to-prepare-for-investment-pathways This is in some ways similar to RU64 and the requirement to consider a stakeholder pension. Pensions Pension Funds With $680 Billion Finally Find Their Missing Link News Aggregation Team Sunday, December 29, 2019 12:00 am http://europe.managersofwealth.com/article/77456/pension-funds-with-680-billion-finally-find-their-missing-link The distortions wrought by a policy intended to keep the krone fixed to the euro are particularly pronounced in the pension industry. Pensions At $30 Billion, Norway’s Other Wealth Fund Is Simply Too Big News Aggregation Team Sunday, December 29, 2019 12:00 am http://europe.managersofwealth.com/article/77460/at-30-billion-norwayamprsquos-other-wealth-fund-is-simply-too-big The government will now go through the fund’s proposals and consider changes to its mandate, the ministry said in an emailed comment to Bloomberg. It didn’t provide a timeline. Pensions Why the French pension system is so complicated News Aggregation Team Sunday, December 29, 2019 12:00 am http://europe.managersofwealth.com/article/77466/why-the-french-pension-system-is-so-complicated To perceive this attachment to particular regimes, we now have to return to the start of the 20th century, to a time when employers 'and employees' unions didn’t desire a state-run pension system. Pensions ECB’s Lagarde Says She’ll Listen to Citizens, Pleads for Unity News Aggregation Team Friday, January 17, 2020 12:00 am http://europe.managersofwealth.com/article/77927/ecbamprsquos-lagarde-says-sheamprsquoll-listen-to-citizens-pleads-for-unity We will try to talk in a language that everyone can understand. Brexit Advisers warned of new no-deal Brexit dangers News Aggregation Team Friday, January 03, 2020 12:00 am http://europe.managersofwealth.com/article/77559/advisers-warned-of-new-no-deal-brexit-dangers Mr Brookes said the shock to trade relationships, legislative frameworks and logistical chains could have "painful short-term ramifications". Brexit Jersey to reforge business links as UK prepares to renegotiate free trade deals: Brexit News Aggregation Team Thursday, January 02, 2020 12:00 am http://europe.managersofwealth.com/article/77522/jersey-to-reforge-business-links-as-uk-prepares-to-renegotiate-free-trade-deals-brexit Once the UK leaves the EU, Jersey's approach to external trade will need to continue to adapt, and that is why Jersey is building capacity and investing resources in this field. Brexit Goldman and JPMorgan tweak repo operations to limit Basel impact News Aggregation Team Sunday, December 29, 2019 12:00 am http://europe.managersofwealth.com/article/77464/goldman-and-jpmorgan-tweak-repo-operations-to-limit-basel-impact Banks crucial to short-term lending market find fresh ways to trade it Brexit Brexit means Brexit? Not quite… News Team Monday, December 23, 2019 12:00 am http://europe.managersofwealth.com/article/77369/brexit-means-brexit-not-quiteamphellip Regardless of what shape Brexit will take, the UK is most likely to retain a pre-eminent status as a ‘go to’ destination for wealthy individuals and families Brexit UK Banks Put Aside Brexit Risk News Aggregation Team Thursday, December 19, 2019 12:00 am http://europe.managersofwealth.com/article/77285/uk-banks-put-aside-brexit-risk Despite the underperformance of 2018 the underlying performance of UK banks in terms of their day to day business on a domestic level hasn’t been that bad, with decent profits in 2018, with the trend continuing into the first half of 2019. Brexit Election result and Brexit cause unease with British expats News Aggregation Team Sunday, December 15, 2019 12:00 am http://europe.managersofwealth.com/article/77147/election-result-and-brexit-cause-unease-with-british-expats "Some companies import products from the United Kingdom at no additional cost, but now they don't know how the cost of customs or tariffs will affect them," he said. Brexit Aftermath of Brexit is the financial services largest challenge for 2020 News Aggregation Team Tuesday, December 10, 2019 12:00 am http://europe.managersofwealth.com/article/77026/aftermath-of-brexit-is-the-financial-services-largest-challenge-for-2020 59% of FS workers in the study felt that these challenges left their organisation vulnerable to losing customers over the next 12 months. Brexit New staffing rules make Brexit-related Irish-hubs a magnet for jobs News Aggregation Team Thursday, December 05, 2019 12:00 am http://europe.managersofwealth.com/article/76879/new-staffing-rules-make-brexit-related-irish-hubs-a-magnet-for-jobs The number of people mandated by the regulator for Brexit related authorisations was a fairly significant increase on previously authorised entities Brexit Brexit investing: what wealth managers have learned News Aggregation Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76121/brexit-investing-what-wealth-managers-have-learned We asked a number leading wealth managers what investment calls they have got right, what they have got wrong and how they are navigating the current outlook. Brexit Comment: The side-effects of ESG investing News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78178/comment-the-side-effects-of-esg-investing This step can only be a first move, as other producers of fossil energy have similar effects on climate change and need to be removed from portfolios as well. Planet SOS Sainsbury’s targets reducing carbon emissions News Aggregation Team Tuesday, January 28, 2020 12:00 am http://europe.managersofwealth.com/article/78191/sainsburyamprsquos-targets-reducing-carbon-emissions Sainsbury’s has promised to reduce its net carbon emissions to zero over the next 20-years. Planet SOS Climate rebel tycoon nets tainted millions: How Extinction Rebellion's British hedge fund backer profits from 'dirty' firms News Aggregation Team Monday, January 27, 2020 12:00 am http://europe.managersofwealth.com/article/78141/climate-rebel-tycoon-nets-tainted-millions-how-extinction-rebellionamp039s-british-hedge-fund-backer-profits-from-amp039dirtyamp039-firms Sir Chris Hohn has donated £200,000 to Extinction Rebellion Planet SOS Davos 2020 and climate change: How investment risks have shifted over a decade News Team Friday, January 24, 2020 12:00 am http://europe.managersofwealth.com/article/78126/davos-2020-and-climate-change-how-investment-risks-have-shifted-over-a-decade As recently as ten years ago the environment didn’t register in the top risks for discussion at the World Economic Forum. Now it dominates. This has important implications for investors. Planet SOS How to Change Course on Climate News Team Thursday, January 23, 2020 12:00 am http://europe.managersofwealth.com/article/78079/how-to-change-course-on-climate The situation is dire, but it’s not too late. Planet SOS The Great Climate Shift - Saxo News Team Thursday, January 23, 2020 12:00 am http://europe.managersofwealth.com/article/78095/the-great-climate-shift-saxo The green transformation will also drive many positive advances as the need for adaptation spurs Planet SOS ‘Green Swan’: Bankers warn of climate change risks News Team Wednesday, January 22, 2020 12:00 am http://europe.managersofwealth.com/article/78054/amplsquogreen-swanamprsquo-bankers-warn-of-climate-change-risks Traditional backward-looking risk assessments and existing climate-economic models cannot anticipate accurately enough the form that climate-related risks will take. Planet SOS Davos 2020: Greta Thunberg is saving the planet AND reshaping the global investment industry News Team Tuesday, January 21, 2020 12:00 am http://europe.managersofwealth.com/article/78033/davos-2020-greta-thunberg-is-saving-the-planet-and-reshaping-the-global-investment-industry Her comments at the elite meeting in the Swiss mountain town came just before U.S. President Donald Trump – a global warming sceptic – was due to make a keynote address. Planet SOS Aberdeen Standard Investments - 2020 outlook News Team Monday, January 20, 2020 12:00 am http://europe.managersofwealth.com/article/77977/aberdeen-standard-investments-2020-outlook Aberdeen Standard Investments sees structural growth opportunities in Chinese equities and emerging market (EM) bonds in 2020. Planet SOS Austrian Boerse to join Sustainable Stock Exchange Initiative News Aggregation Team Monday, January 20, 2020 12:00 am http://europe.managersofwealth.com/article/77991/austrian-boerse-to-join-sustainable-stock-exchange-initiative As politically anchored in the new Austrian government program, sustainability goals and innovative business models should go hand in hand. Planet SOS