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

BNY Mellon reappointed custodian for Swedish pension fund

Nearly 5 million Swedes have a pension invested with the AP7 portfolio, which has assets under management of over $50 billion (€42.4 billion).

Consolidation wave sweeps European financial services

Everything seems on the table except for cross-border bank mergers

State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers

Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street

Coronavirus crisis: Scottish recovery runs out of steam and employment tumbles

The private-sector economy north of the Border had seen its output rise in August at the fastest pace in more than six years, as the recovery following the plunge in activity triggered by the coronavirus pandemic picked up momentum.

Pandemic exposes design flaws in bank capital buffers

The banking system’s shock-absorbers did not work as intended during the Covid-19 crisis

ECB Banking Head Urges More European Mergers

The mergers within national borders only served to cut costs, because this was where branch networks had an overlap.

Marks & Spencer Pension Trust selects Northern Trust for asset servicing solutions

These solutions include specialist fund administration and analytics for M&SPT’s private market portfolio, as well as delivering heightened transparency over its environmental social and governance (ESG) risk exposures through Northern Trust&

Impact investment gains from improving measures of success and failure

More than a century after a pioneering Rothschild fund to improve London housing, the sector is coming of age

Argo arranges reinsurance-to-close transaction with RiverStone

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has entered a reinsurance-to-close (RITC) transaction with legacy specialist RiverStone.

Apex Provides Single-Source Solution for Home REIT IPO

These tailored services are underpinned by market leading technology platforms allowing a multitude of administrative and accounting tasks to be completed in a seamless manner, streamlining everyday processes and reporting.

CanLife reopens UK property fund

Removes 185-day notice period

UK equities trust scraps IPO due to lack of demand

The trust’s investment objective was to generate long-term total returns over a rolling five year period by investing principally in UK listed companies with a significant presence in the UK.

Hargreaves benefits from NS&I rate cut

NS&I will reduce rates on its products from November 24, with those on its easy access ‘direct saver’ account falling from 1 per cent to 0.15 per cent (gross/AER).

Nordic PE firm hits €6bn hard-close target in under six months

All of the fund raising for the company's latest offering took place without any physical meetings.

River and Mercantile profits hit on performance wipeout

River and Mercantile’s (R&M) pre-tax profits dropped nearly 37% to £13.9m from £20.9m last year, with performance fees falling 90%.

Canada Life reopens property fund

Canada Life’s property fund is an authorised contractual scheme, rather than an open-ended fund, so is not subject to the same regulations as most property portfolios.

Europe’s Banks Get Serious About Work From Home After Pandemic

In Italy, UniCredit SpA plans to have 40% of work done remotely after the crisis, while Switzerland’s UBS Group AG estimates that employees could work from home about a third of the time.

Four 'positive change' themes EQ Investors is pushing fund managers for climate action and health among key areas

It found that out of the 57 fund managers it had engaged, 11% had improved the fund's impact management process, while 56% of said they had discussed climate change initiatives and identified areas for improvement.

Private equity has prospects for longer-term sustainable investing, says Guy Hands

Guy Hands told a webinar hosted by Guernsey Finance, staged as part of Climate Week NYC 2020, that he believed that longer-life funds and long-term investment would grow in popularity.

European investors’ appetite for alternatives tipped to keep growing

To mitigate the impact, many managers of multi-asset funds have widened their exposure to alternative assets in order to maintain diversification.

Alternative Investments