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

Time for UK valuable residential property owners to start thinking

If an individual, trustee, partnership of individuals, or a bare nominee buys a residential property worth over £2m, the rate of SDLT is 7% on the total consideration.

Ex-Hiscox boss' start-up Aurum prepares full UK roll-out

Underwriting on behalf of certain underwriters at Lloyd's of London, Aurum has also secured long-term commitments to support its bespoke underwriting approach and pricing. Full details of products and capabilities will be announced over the coming mo

AXA private equity raises $8 billion for bank asset buys

Banks, which urgently need to fortify their capital buffers, are in a rush to offload private equity assets they spent billions on in the heady days before the financial crisis, causing a flurry in so-called secondary sales.

Barings fund hits GBP5bn under management

The volatility of the fund since inception is 7.4%3 which is less than half the FTSE ALL Share index volatility of 17%3 over the same period.

Four new UBS ETFs launched on Xetra

Four new exchange-listed equity index funds from the issuer UBS Global Asset Management have been tradable in Deutsche Börse's XTF segment since Friday.

HKEx Shares Tumble as LME Purchase May Clear Regulator

The takeover would give Hong Kong control of a business that sets global prices for base metals, while LME stands to gain greater access to China, the biggest consumer of metals including nickel, aluminum and copper.

Postbank sells Asset Management to DWS

The sales contract was signed today. As such, Postbank is increasing its focus on its core business in consumer banking, without reducing its product range.

Hedge fund managers in nervous mood for Monaco summit

Restaurateurs, bartenders and hoteliers getting ready to welcome an army of high-rolling financiers to this year's GAIM Conference in the Mediterranean principality could find money and mirth in short supply as recent poor performance weighs.

Arbuthnot Acquires Everyday Loans

The loan book was £64m at the end of 2011 and the consideration £1, with a performance-related deferred consideration of up to £1.5m.

Old Mutual signs United Nations-backed Principles of Responsible Investing

The move reflects Old Mutual's commitment to sustainability and its strategy of being a leading international provider of long-term savings, protection and investment products.

HKEx to Acquire London Metal Exchange

"The deal could immediately prop up HKEx to become one of the major global metals and commodities exchanges," Hong Kong Exchanges Chief Executive Charles Li said.

Co-operative and Standard Life vote against WPP pay

The level of discontent over the pay packages of chief executive Sir Martin and fellow directors is such that “the working assumption” is that a substantial proportion of the shareholder vote could go against WPP’s remuneration report, a

Which is the world's most expensive city? Cost of living survey 2012

Tokyo is the world's most expensive city for expatriates according to the latest ranking by Mercer.

IFC, Rabobank Launch Facility to Expand Financing for Global Commodities Trade

IFC and Rabobank will each contribute $250 million to expand funding for trade flows of agricultural and refined energy commodities through Rabobank's global client network.

Polar Capital profits rise after bumper inflows

Polar's assets under management at the end of March stood at $5.08 billion, almost one-third higher than a year before.

Fund management group inks agreement with Narec Capital

Narec Capital selected Frontier IP as its partner based on the Company's experience of IP-orientated funds, as well as its knowledge of the renewable energy sector.

Metro Bank raises £126m from investors to expand

The bank was launched with the backing of American businessman Vernon Hill.

BNP Paribas weighs up asset management business sale

BNP Paribas Investment Partners was developed as a string of affiliates by the late Gilles Glicenstein before his death in 2009.

Banks cling to £100bn of surplus assets

Pension funds want to buy infrastructure loans and banks want to sell – but not at a loss

Metro Bank to open new branches across the South East

Its expansion marks another sign of increasing banking competition after Marks & Spencer said last week it would begin offering bank accounts in its stores.

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