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

Generali avoids writedowns to increase profit‎

Unveiling its first set of results under new Chief Executive Mario Greco, Generali said its net profit had seen a "strong progression" in the second quarter.

Catholic fund fails to convince believers

The aim was to replicate the success of funds compliant with Shariah law which have been in strong demand with Muslim investors.

Islamic Bank of Britain launches savings bond paying 4%

It's pretty rare for a decent rate on a savings account to come along, but the Islamic Bank of Britain (IBB) has done just this with its new two-year fixed rate account paying 4%.

Alliance Trust acquires Aviva Investors' £1.2bn SRI business

The team will continue to provide investment advice for the current SRI funds under an investment-advisory agreement.

Greece's Eurobank Considers Buying Emporiki Bank

Eurobank's statement comes immediately after an earlier announcement from National Bank of Greece SA, Greece's largest lender, which said it hadn't submitted a binding offer for Emporiki.

BRE Bank H1 net up 20 pct, above expectations

BRE said on Thursday its net profit increased to 651 million zlotys in the first six months of the year.

Pioneer Investments Celebrates 20 Years In Poland

Besides launching the first mutual fund in Poland, Pioneer Pekao TFI S.A. was also the first company which offered special programs of regular savings through mutual funds – dedicated both to individuals and companies.

KBC closes sale consumer finance business in Poland

Żagiel S.A. is one of the most experienced financial intermediaries in Poland, distributing and actively marketing consumer finance products (point of sale instalment loans, cash loans and credit cards).

HSBC Holdings Unit Sells Hungarian Consumer Finance Business

HSBC Credit Zrt had gross assets of 5.28 million dollars at June 30.

Barclays to launch discretionary service on Elevate

Barclays will launch its discretionary portfolio managment service - which includes five portfolios - on the Axa Weatlh Elevate platform

39% increase in weekly ETP turnover due to 75% increase in inverse and leveraged ETFs

On a 20 day basis Lyxor was ranked number 2 with 19.5% market share with iShares at number 1 with market share of 35.4%.

Franklin Templeton seeks FSA approval for Brazilian multi-asset fund

The Franklin Brazil Opportunities fund will be run by the company’s international CIO Stephen Dover, which he will co-manage alongside Sao Paulo-based duo Marco Freire and Frederico Sampaio, who form a core part of the company’s Brazilian asse

Ashburton to close funds after review

The funds include the Euro Asset Management, Sterling Total Return Bond, Dollar Total Return Bond, Americas Equity, Japan Equity fund.

Natixis to cease ring trading on London Metal Exchange

The exchange said Natixis Commodity Markets will operate as a Category 2 broker from Monday, meaning it will no longer be able to trade as a Category 1 member taking part in the open-outcry ring trading.

Octis AM to launch flagship Asia Pacific fund in the UK

The multi-strategy equity fund can take both long and short positions and make use of other hedging strategies.

Trust fades in last bastion of bank funding

Since the crisis kicked off in 2009, covered bonds have achieved a kind of gold standard in the bank funding world.

7IM switches out of £110m of ETFs

Multi-manager switches more than £100m into futures and out of exchange traded funds in a bid to reduce fees.

Europe's banks face Chinese lure

Dexia Asset Management declined to comment and the two Chinese firms were unavailable.

UK's biggest internet gold dealer Jewellery Quarter Bullion could be put up for sale

Rob Halliday-Stein, who founded the company with £10,000 in January 2009, is looking at the possibilities of selling to a larger rival or floating on the London Stock Exchange’s junior Aim market.

Aviva set to sell US division at £800m loss

The arm is now valued at £1bn.

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