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

Catella completes the purchase of 75% in APAM

"This transaction further strengthens our position as we reach AUM volume of EUR 8,1 billion” says Timo Nurminen, Head of Property Investment Management at Catella.

Best and worst performing funds of 2018 revealed

It found the absolute worst performing fund, across all asset classes, was the £211m Jupiter India Select, which lost 28.8 per cent, while the £848m Jupiter India fund, the third worst performer, has lost 25 per cent.

Royal London chief ‘open-minded’ to Ascentric name change

Outgoing Royal London chief executive Phil Loney has said he is ‘open-minded’ about a move to rebrand the wrap platform Ascentric in 2019.

Total Wealth Planning merges with multi-asset firm Apollo

New chairman appointed

Butterfield interested in Channel Islands

Buying a high street bank subsidiary would be far larger than previous deals, but Butterfield could access capital to pay for such acquisitions. ‘

‘Gold standard’ is set by insurance company

To be considered for coveted Chartered status, which is described by the Chartered Insurance Institute as the ‘gold standard for firms of insurance brokers’, Rossborough had to meet rigorous criteria relating to its professionalism and capabil

Danske Bank sells Swedish pension unit for $288 million

Danske Bank has been embroiled in a major money laundering scandal linked to its Estonian branch.

European bond markets yet to see MiFID II benefits

The Markets in Financial Instruments Directive II (MiFID II) has failed to boost competition, investor protection, and transparency in European bond markets.

Sabadell announces plans to merge or sell TSB Bank

The bank will focus on its strategy for at least two years before considering the merger or sale, the Chairman revealed.

‘Largest ever’ investor group demands world leaders dump coal

$32tn coalition, including Schroders, Amundi and HSBC, takes on Trump with green demands

LEBC posts record profits for 2017/18 financial year

LEBC’s commitment to invest in technology and training, pioneering the development of its ‘Bionic’ advice proposition – human advice, augmented by the latest technology – continues apace.

SGG Group completes acquisition of Augentius

The services offered by Augentius will complement SGG Group’s current funds offering, including a leading technological platform and experienced and specialist teams with a reputation for providing a high quality service.

FSCS to compensate 2000 as mini bond firm fails

Many of these customers still have outstanding complaints with IPM and the Financial Ombudsman Service.

Mobius Capital Partners appoints Northern Trust to support UK investment trust and Luxembourg SICAV

Northern Trust will provide depositary, custody, fund accounting and foreign exchange services to the investment trust, and fund administration to the SICAV.

Opec set to cut output at Vienna meet as oil prices slide

Analysts expect production cut of 1 million barrels a day to rebalance oil markets

Impax Asset Management AUM swells on 'high levels' of inflows

Our assets under management have significantly expanded as we've attracted high levels of inflows and successfully integrated Pax World Management LLC, said Keith Falconer, Chairman.

Generali Group acquires Bank of America Merrill Lynch's Alternative Ucits platform

This acquisition marks an acceleration in the execution of Generali's asset management strategy, which targets an expansion into alternative strategies and growth outside of Europe," Generali said.

Canary Wharf lures new bank tenant in much-needed win over London's City

European Bank for Reconstruction and Development opts to lease space at under-construction tower in district

LGIM opens Italian retail office in Milan

Investors will have access to its range of investment solutions such as ETFs, Sicavs and Icav Ucits schemes.

Fund managers warn 32 FTSE firms of further shareholder revolts

Fund managers' lobby writes to repeat offenders, who have appeared on its corporate governance watchlist twice

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