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

Biggest Danish Mortgage Bank Seeks IPO as Capital Woes Mount

One day after announcing it will sell its Copenhagen headquarters, Nykredit said it is exploring the option of an IPO

Aegon closes in on Cofunds deal

The move follows months of speculation over the platform, which in September last year Money Marketing revealed had turned down a bid from AJ Bell.

Banned adviser's claims management firm goes bust

His firm, which was called MNFA, was liquidated in 2011.

Hedge Funds Zenit, Canosa to Shutter on Returns, Brummer Says

The fund’s annual return averaged 2.9 percent in the past three years, Brummer said in a statement. The firm ended 2015 with 11.2 billion Swedish Krona ($1.3 billion).

Verras becomes latest CISE member

Convertibles have been a feature of new business in 2015 and we expect a further pipeline during 2016.

Moulton's Aerospace Jewel Prepares To Take Off

Jon Moulton's private equity group has hired Lazard to oversee a £300m sale of Gardner Aerospace, Sky News learns.

Zurich Insurance Ready to Shrink to Cut Claims, Risk Chief Says

Zurich is bringing back Mario Greco, who oversaw general insurance before he left in 2012, this time as chief executive officer starting in May to replace Martin Senn who stepped down in December.

Seilern Investment Management Wins Two Lipper Awards

These awards, coming shortly after Stryx World Growth reached its 20 year milestone, may be attributed to Seilern’s highly focused strategy; commitment to investing in quality growth businesses and holding them through the business cycle.

Russian Billionaire Buys Into German Online Lending Startup

Boyko made a fortune as a banker and the steel industry

AXA to sell Hungary's banking unit to OTP Bank

The transaction is expected to be completed in the second half of the year and still requires approval from regulators and antitrust authorities.

Troubled Indian group nears sale of top London hotel to Qatar

The Business Standard newspaper reported that the deal for the Grosvenor House Hotel in Mayfair could raise as much as $337 million.

New UK fund vehicle will give Cayman, Ireland and Luxembourg a run for their money

ACS, the as yet little noticed onshore vehicle created by the UK government and tax authorities, might be about to rewrite that logic.

Isle of Man begins selling 2016 Angel gold bullion coins

Pobjoy Mint’s annual bullion coin depicts St. Michael, dragon

Legg Mason launches two fixed income funds

The two funds are aiming to achieve flexible bond returns to alleviate investors’ concerns over future bond market volatility caused by the Fed rate rise in December 2015.

How OMGI Generation funds are making use of their new investment approach

Anthony Gillham shows how the specialist at-retirement funds are achieving the necessary balance between group and downside protection.

OMGI's Tonkinson: 2016 is the year to turn our 'ambitious plans' into reality

Developments for Asia market

Avaloq’s BPO centre live in Asia

Avaloq Sourcing Asia Pacific Ltd., a wholly-owned subsidiary of the Avaloq group, is a fully functioning BPO centre in the heart of Singapore.

Old Mutual Wealth eyes expat expansion with advice acquisition

Old Mutual Wealth has bought the firm for an undisclosed fee as part of its strategy to build an advice arm.

Collapsed bond trader ditched by French bank

Invexstar was a clearing and custody client of Société Générale’s Madrid-based securities business.

Tilney Bestinvest announces the launch of new British Enhanced Income fund

It will have a fixed price offer period of 100p per share from 1 February to 12 February.

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