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

Danske Bank sells Swedish pension unit for $288 million

Danske Bank has been embroiled in a major money laundering scandal linked to its Estonian branch.

European bond markets yet to see MiFID II benefits

The Markets in Financial Instruments Directive II (MiFID II) has failed to boost competition, investor protection, and transparency in European bond markets.

Sabadell announces plans to merge or sell TSB Bank

The bank will focus on its strategy for at least two years before considering the merger or sale, the Chairman revealed.

‘Largest ever’ investor group demands world leaders dump coal

$32tn coalition, including Schroders, Amundi and HSBC, takes on Trump with green demands

LEBC posts record profits for 2017/18 financial year

LEBC’s commitment to invest in technology and training, pioneering the development of its ‘Bionic’ advice proposition – human advice, augmented by the latest technology – continues apace.

SGG Group completes acquisition of Augentius

The services offered by Augentius will complement SGG Group’s current funds offering, including a leading technological platform and experienced and specialist teams with a reputation for providing a high quality service.

FSCS to compensate 2000 as mini bond firm fails

Many of these customers still have outstanding complaints with IPM and the Financial Ombudsman Service.

Mobius Capital Partners appoints Northern Trust to support UK investment trust and Luxembourg SICAV

Northern Trust will provide depositary, custody, fund accounting and foreign exchange services to the investment trust, and fund administration to the SICAV.

Opec set to cut output at Vienna meet as oil prices slide

Analysts expect production cut of 1 million barrels a day to rebalance oil markets

Impax Asset Management AUM swells on 'high levels' of inflows

Our assets under management have significantly expanded as we've attracted high levels of inflows and successfully integrated Pax World Management LLC, said Keith Falconer, Chairman.

Generali Group acquires Bank of America Merrill Lynch's Alternative Ucits platform

This acquisition marks an acceleration in the execution of Generali's asset management strategy, which targets an expansion into alternative strategies and growth outside of Europe," Generali said.

Canary Wharf lures new bank tenant in much-needed win over London's City

European Bank for Reconstruction and Development opts to lease space at under-construction tower in district

LGIM opens Italian retail office in Milan

Investors will have access to its range of investment solutions such as ETFs, Sicavs and Icav Ucits schemes.

Fund managers warn 32 FTSE firms of further shareholder revolts

Fund managers' lobby writes to repeat offenders, who have appeared on its corporate governance watchlist twice

OTP Bank Romania, Eurobank Fund Management sign deal on investment funds distribution

OTP Bank Romania posted a net profit of 68.7 million lei ($17 million/15 million euro) in the first nine months of 2018, double on the year.

Neuberger Berman unveils funds for ex-BNP Paribas bond team

Barbe was previously chief investment officer of euro sovereign & aggregate fixed income at the French group.

World’s second biggest money manager to set up in Dublin

Vanguard and Merian Global Investors both set to open offices in Dublin

MJ Hudson acquires asset management data and analytics firm

It provides a subscription-led data and analytics service to more than 100 fund managers, pension funds and endowments.

World Bank Group Announces $200 billion over Five Years for Climate Action

Funding for 2021-2025 includes a significant boost for adaptation and resilience

Woodbrook Group acquires US firm and eyes Nasdaq listing

Advisory firm confirms reverse IPO merger plans

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