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

Moscow exchange launches first precious metals trading

The stock exchange is going to start trading gold and silver by the end of this year, and platinum and palladium in 2014.

BNP Paribas Securities Services unveils collateral management offering

BNP Paribas Securities Services boosts its collateral management solution by launching Collateral Access

L&G acquires closed annuity firm in £151m deal

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

Henderson delays £4m trail to advisers over RDR audit

There are certain types of new business where it is still permissible to receive commission such as execution-only or offshore business

Wealth management firm published its biannual RedZone list

The latest Chelsea RedZone is now available. It highlights the worst performing funds over the last three years. Want to check if any of your funds are included?

BNP Paribas launches interactive data solution

This offer is in line with the bank’s strategy, which consists in enhancing its global client communications solutions; and it is currently active in Italy and global expansion is planned.

Novia sees AUM grow to £1.42bn

Wrap platform says combination of low interest rates and increasing returns from equities is persuading investors to return to the market.

Northern Trust Develops Index Methodology to Highlight Benefits of Tax-Transparent Fund Structures

The Tax Transparent Markets Index (TTM) index, powered by Thomson Reuters, compares the after-tax performance of investments in tax-efficient contractual funds versus those in non-tax transparent fund structures for U.S.

Kipco units buy stake Malta’s bank

Kipco didn’t disclose the value of the deal or the name of the seller in a statement posted on the Kuwait bourse website.

Frostrow Capital to become an AIFM

This will considerably broaden its service offering to the Investment Company sector and enhance the corporate management and marketing services that it provides to its clients.

Axa adds 850 clean share classes to Elevate platform

This latest addition takes the total number of clean share classes available to 2,500, following Axa's decision to add 1,000 in March.

Standard Life Investments launches second GEM fund

The new fund will complement the EMD OEIC fund launched by Standard Life Investments in October last year.

EU clears ICE, NYSE Euronext stock market tie-up

This was not the case in the NYSE Euronext-ICE deal, especially in commodities

China, Britain signs agreement on currency swap

Mervyn King, governor of Bank of England (BoE) and Zhou Xiaochuan, governor of People's Bank of China (PBoC), have signed an agreement to establish a reciprocal 3-year sterling/renminbi (RMB, or Chinese yuan) currency swap line

Bahrain bank gets extra time on Leeds Utd takeover

GFH Capital has been granted an extension to the exclusivity period relating to their proposed takeover over of Leeds United

AXA Elevate parent posts £30m pre-tax loss

An AXA Wealth spokeswoman said it was expected that AXA Portfolio Services would break even over the next two years.

Savoy billionaire could build mile-high skyscraper in London

TheSaudi billionaire owner of the Savoy Hotel has named London as a possible location to build an “ultimate” mile-high tower.

European hedge funds struggle to break into U.S. market

Some large European firms have already fallen under this requirement due to their having at least one U.S. client either directly or through a fund of funds

Former Charlton Athletic player is minority investor in Enterprise

The firm was established in 2002 as a master broker of secured loans, bridging and commercial finance

Bahrain bank inks deal for luxury Mayfair apartments

Close to Berkeley Square and Grosvenor Square, Mayfair Chambers is situated in the Mayfair Conservation Area, bounded to the west and south by Hyde Park, St James' Park and Green Park.

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