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

Appleby advises AshbyCapital on £217 million acquisition in London's Fitzrovia and subsequent refinancing

The acquisition included the purchase of units from Kaupthing ehf in two separate Jersey Property Unit Trusts.

Advisers and FCA struggle with DB transfers

The FCA has this year published two key documents concerning DB transfers and suitability.

UK response to today’s publication by the EBA of its final draft Regulatory Technical Standards on strong customer authentication and common and secure communication

Overall we feel that the RTS will only be successful by ensuring strong customer authentication that balances the essential requirement to protect customer data with a seamless customer experience that allows for the creation of innovative new services.

U.K. managers back enhanced governance, stronger directive on fee disclosure

It also wants enhanced fund governance process

Spanish princess’s husband gets six years over €6m tax fraud

She was accused of siphoning off money from a state-backed real estate company.

Legal firms need to become ‘internationalised’, says Dublin chief of Eversheds Sutherland

“Clients are increasingly demanding that, so the combination in the US gives us that added ability to provide top-quality premium advice across the United States.”

European Securities and Markets Authority Concerned About MiFID II Loopholes

ESMA requests the Commission to consider whether it should adopt any legislation that might further clarify the definitions and concepts in MiFID II

FRC responds to Green Paper on Corporate Governance Reforms

The framework are growing and the FRC believes more needs to be done to win back public trust.

Allen & Overy and Baker McKenzie invest in Northern Ireland legal innovation centre

Legal service is a knowledge-led business and technology is pivotal to everything we do

Asset managers push back against UK rule change proposals

Chief among the regulator’s planned solutions was the creation of a single ‘all-in’ fee, to help investors better understand the cost of investing, including how much the fund pays to buy and sell investments.

Former bank CEO tells court BoC was flush with funds in 2012

The former CEO said they made the request not because they needed the cash but because they did not want to use the group’s liquidity.

Brooks Macdonald picked as DFM partner for Panacea Adviser

Coupled with the recent spotlight placed on DFM due diligence by the FCA.

Business Property relief a benefit in family succession says Wilsons

The band, which sets out the level up to which no Inheritance Tax is applied on an inheritance.

HSBC Boosts CEO Gulliver's Pay as Bank's Bonus Pool Drops 12%

He received 64 percent of his potential bonus, while he will also get a new long-term incentive that could be worth 4 million pounds for 2016 if all targets are met by 2019.

Fund groups snub FCA’s all-in fee proposal

But asset managers, including passive specialist Vanguard and active fund group Old Mutual Global Investors.

Herbert Smith Freehills - Financial regulation update

FCA agrees redress scheme

The Vatican froze €2 million in funds suspected to be connected with money laundering in 2016

Milano gave no details in his speech but added that the total amount of suspect money frozen between 2013 and 2016 was about 13 million euros.

UK government to approve controversial Macquarie bid for Green Investment Bank

Macquarie has been prevented from commenting on GIB due to a confidentiality clause but has highlighted its track record as a long-term investor in green energy projects.

Italy: a new non-dom system for HNWIs

Moving to Italy could be your first step for more efficient wealth management and succession planning.

State-Owned KfW Could Need Extra Capital

Germany's financial regulator BaFin is likely to push state-owned KfW to set aside more capital due to IT problems.

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