07/17/2013
FinecoBank launches service for asset protection and tax efficiency
CoreUnit is thought to provide higher level of tax efficiency on FinecoBank's multi-brand platform
Alternative Investments
07/17/2013
Quilter Cheviot to Boost Intermediary Offering
The merger of investment firms Quilter and Cheviot Asset Management will help the company focus more on the structure and management of bespoke portfolios
07/17/2013
Wealthy buyers returning to French property market due to tax clarifications
Clarification surrounding the taxation of luxury property in France has been welcomed by overseas buyers who are starting to return to the market
07/16/2013
NBAD Launches1 billion euro French CD Program
The multi-currency CD is issued under the STEP
07/16/2013
HSBC shuts adviser-facing retirement savings arm
Closure comes as part of larger wealth management restructuring which has led to hundreds of redundancies.
07/15/2013
Grosvenor purchases City office at 5.9%
Grosvenor Fund Management has acquired Fleet Place House in the City of London financial district.
07/14/2013
RQFII programme extends to London and Singapore
CSRC also announced plans to further increase the total qualified foreign institutional investor (QFII) quota to $150 billion from $80 billion in an effort to encourage foreign investment into the mainland.
07/14/2013
BNP Paribas ties up Henderson fund migration
In total, this complex project has required the migration of 25 legacy Gartmore funds with an approximate value of EUR 8 billion in three stages and incorporating multiple jurisdictions and fund types.
07/14/2013
AXA Self Investor adds 1,000 clean share class funds to platform
AXA has introduced over 1,000 clean share class funds to its self-directed investment platform
07/14/2013
Settlement houses team up to streamline Europe's funding market
Two long-standing rivals Euroclear and Deutsche Boerse are to work together to help improve the supply of short-term funding for banks
07/13/2013
Man Group teams up with Nomura
The strategy seeks to capture largely directional opportunities in emerging and developed market swap, futures and FX markets.
07/11/2013
Former Hargreaves Lansdown director puts up £100m for pick of the start-up crop
“If we find the right company, we’ll write the cheque and help them grow,” he said.
07/11/2013
Johannesburg targets high-speed traders
The initial rollout of the service is scheduled for the first quarter of 2014 and will include space for 35 clients.
07/10/2013
Fund managers ‘may be hit by accountant shortage’
SCOTLAND’S fund management sector could be held back by a lack of accountants trained to handle specialist work, according to a senior industry figure.
07/10/2013
Smith & Williamson chooses Novia to unveil portfolios
The investment team is headed by James Burns and includes portfolio managers Peter Lowe, David Amphlett Lewis and Nick Marshall.
07/10/2013
LaSalle finds London remains global investors’ darling
The findings show that with the economic backdrop remaining weak across many parts of the Continent capital flows are focused almost exclusively on prime assets with the UK capital the main beneficiary.
07/08/2013
Insurance giant pushes back panel review
The review will be lead by group general counsel Kirsty Cooper and european general counsel Monica Risam
07/08/2013
Libor moving to NYSE Euronext
NYSE Euronext will take over the Libor in early 2014.
07/08/2013
Deutsche shuts 36 ETPs as demand wanes
Deutsche Asset and Wealth Management has closed 36 of its exchange traded funds
07/08/2013
Generali to take full control of German unit
Generali to pay 171 mln euros for 3 pct of unit