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

European banks' strong run faces major test with earnings

The STOXX Europe 600 banks index hit its highest since mid-2018 this month, propelled by a recovery in profitability thanks to higher rates, record shareholder payouts and little provisioning for bad loans.

IBA announces appointment of Lloyds Bank to lender panel

The relationship will also offer FIBA members access to a range of other finance options including invoice finance, asset finance, and merchant services product solutions.

Financial Services: your guide to regulatory developments from Q4 2023

The FCA is continuing its work across all sectors to test firms’ implementation and will share good practice.

Allianz Partners announces the launch of allyz, your one-stop-shop companion

The launch of the mobile app in France, Germany and the Netherlands is an important milestone in the expansion of Allianz Partners' digital platform,

Allianz Partners appointed by NatWest Group as travel insurance provider

Customers will have access to Allianz Partner’s travel insurance from February 2024.

British Business Bank takes share in Shojin

Real estate investment platform Shojin is getting some interest in the UK.

APRIL Group acquires Lexham Insurance, specialist in two-wheeler insurance in the United Kingdom

The joint ambition of APRIL and Lexham Insurance is to support the development of the Lexham brand in the UK market by continuing to offer an increasingly differentiated insurance experience and a strong service approach.

Revenue growth for Frenkel Topping

The company also announced it has entered into a £7.5m revolving credit facility at 2.95 per cent over SONIA

What is the outlook for boutique fund managers?

But the boutique structure has also suffered extremely negative headlines, particularly around the collapse of Woodford Investment Management.

Baillie Gifford to make redundancies and bond fund culls

The Edinburgh fund house is set to make layoffs and is axeing several bond funds due to dwindling assets.

M&G launches £20mn AI strategy

The M&G Global Growth AI Themes fund is an actively managed equity strategy which focuses on companies working on technology needed for AI

This is how 3a pension funds performed in 2023

moneyland.ch has recorded the performance of 86 Swiss pension funds for 2023.

Progeny embarks on project to design next-gen advice journeys

This will ensure that we have a future-fit advice journey with our clients at its heart, allowing our team to deliver a great service.

Management team completes buyout of Scottish pension firm

The deal, backed by Santander, means the Glasgow-based business can remain independent

Custodian Property on brink of £237m merger with Abrdn Property

Both groups have recommended an all-share merger

AXA takes a 20 percent stake in newhome

AXA sees the investment as an opportunity to position itself even more strongly in the housing sector.

Peel Hunt: Whitmore exit could spark £5bn Jupiter outflow

Ben Whitmore currently runs about £10bn of assets, nearly 20% of Jupiter’s AUM.

Calculus launches next EIS offering with tech and healthcare focus

Fund aims to return £2 tax free for every £1 that is invested

Former Credit Suisse Manager Must Scale Back Hedge Fund

Reports back then said that this would be the biggest launch of a hedge fund in financial history.

AJ Bell customer numbers continue to surge

Meanwhile, AJ Bell Investments has surpassed £5bn in assets under management (AUM), reaching the milestone at the end of 2023 – seven years on from its launch.

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