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

Co-op board to meet amid Lloyds bid fears

The Co-operative Group is to hold a crunch meeting of its bank board amid heightened concern it is on the verge of pulling out of its £1.5bn bid for Lloyds' 632 "Project Verde" branches.

ABN Amro to sell commercial insurance arm to Aon

ABN AMRO Insurance, part of Delta Lloyd Group, is taking over the intermediary activities in the commercial general insurance segment for the Small and Medium-Sized Enterprise sector from ABN AMRO Bank.

Exclusive: Hedge fund Tyrus moves to Monaco: source

The firm, which runs approximately $2.7 billion and which was founded by Tony Chedraoui in 2009, shifted most of its staff around the start of April, a source familiar with the matter told Reuters.

London Readies Report As Next Step Towards Offshore Yuan Hub

The City of London Corporation, which commissioned the report, has been preparing and working on it closely with other interested parties, a spokeswoman for the City of London Corporation told Dow Jones Newswires.

Slow decision making hampering de-risking, says Schroders

Schroders recently asked a group of pension funds their thoughts on defined benefit strategies, governance and de-risking.

Jonathan Ruffer steps back from management

Investment directors Hamish Baillie and Steve Russell will continue to manage the fund.

Lyxor expands its UCITS Alternative Platform

With this launch, Lyxor continues to expand and diversify its offer of alternative UCITS funds.

Societe Generale Securities Services in Italy mandated by Financiere de L’Echiquier"

Financiere de l’Echiquier manages a small range of mutual funds invested in the main equities and bonds markets for private and professional investors.

Lazard’s wage bill falls by a third

Lazard, the boutique investment bank, cut pay at its UK-based operations by almost a third last year as the corporate finance advisory market continued to struggle.

Aberdeen seeks allies in hostile move for Alliance

The revelations will make uncomfortable reading for Ms Garrett-Cox, once dubbed “Katherine the Great”, who must now fight a rearguard action to keep her position.

Omega Founder Robinson in Talks With FMG, Telegraph Reports

FMG hopes wants to build a 15 percent stake in the company and overhaul its executive team including Chief Executive Officer Richard Pexton, the newspaper said.

Capita to acquire Bluefin Corporate Consulting

Capita chief executive Paul Pindar said: "The acquisition of Bluefin Corporate Consulting provides an excellent strategic fit with our existing corporate pensions business, Capita Hartshead.

UK bankers' stakes in Brazilian bank BTG Pactual worth $400m

Two British investment bankers are set to have their stakes in the Brazilian merchant bank they work for valued at nearly $400m when it floats on the country's stock market this month.

City “superwoman” launches restaurant group‎

The venture seeks to fill a gap in the market for neighbourhood clubs in South West London and the Home Counties.

Deutsche Bank asset manager unit may get $2 billion: sources

Deutsche Bank declined to comment on the price but said talks for a sale remain "on track".

Royal Bank of Canada Boosts Stake in Global Custodian

RBC, Canada's largest bank by assets, had for months been in talks on the deal with the Belgian lender, which is being broken up in a government-orchestrated operation.

Trigon Goes Live with SunGard’s Valdi for Warsaw Stock Exchange Access

Trigon will use Valdi for trading on the Polish exchange, FIX connectivity and trade order routing.

Societe Generale SS appointed by METROPOLE Gestion Italy

SGSS in Italy was retained by METROPOLE Gestion for its recognised international expertise as a Transfer Agent, its ability to provide personalised services tailored to the specific needs of its clients, alongside a wide network of placing agents.

Vistra expands in Netherlands market with new acquisition

With additional offices in The Hague, Antwerp and Brussels, FTC Trust provides international clients with a comprehensive range of services including company formation, management and domiciliation and corporate services.

Liontrust switches transfer agency service provider

International Financial Data Services have announced that it had been awarded the mandate to administer the Unit Trust and ISA fund range of Liontrust Asset Management.

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