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

Commerz Real acquires an office and commercial complex in Munich's Maximilianstrasse

The seller is a subsidiary of the project developer Centrum.

Adviser shuns consolidators to sell to local firm

The acquisition will bring Bank House to a total of £185 million assets under management and around 450 clients.

Standard Life and Fidelity to launch smoothed pension fund

It will be trialled with a small group of advisers before a full market launch later this year.

Guernsey professionals advise on €310 million fund deal

The Carey Olsen Guernsey corporate team advising Gyrus comprised David Crosland, senior associate James Cooke and associates Claire Cooke and Bhavik Mehta.

Berenberg grows in UK investment banking and expands its Munich location

Certain areas within portfolio management, financing specialists from various sectors, such as structured finance or infrastructure & energy, and investment bankers, will also be based in Munich.

LGIM launches three new regional High Yield strategies amid Global Fixed Income push

Legal & General Investment Management has launched three new active fixed income funds to complement their existing Global High Yield offering.

Interbank lending plummets at major European banks

Reduced repo operations and TLTRO repayments among drivers

European markets set to start the week lower as investors await inflation data

U.S. equity futures inched lower Monday as investors looked forward to the latest inflation reading as well as a slew of big earnings reports this week.

Schroders Capital wins ‘Innovation Award – Investment’ at the Pensions Age Awards 2024

The awards are open to any UK pension scheme

Captive manager launched in Guernsey

The announcement comes at the same time as Marco Capital has rebranded its recently merged Guernsey subsidiaries, Humboldt Re and Kelvin Re, to Marco Re.

Demand for investment trusts down in ‘challenging’ 2023

Additionally, all products purchased on adviser platforms dropped by 3% in 2023 from £184.9bn to £179.2bn.

Phoenix Group hosts UK-wide Financial Services Vulnerability Summit

This can lead to more impulsive decisions, difficulty understanding information and ultimately, poor outcomes for customers if firms are unable to help.

LGIM launches three regional high yield strategies

The new funds will focus on the higher quality segment of the below investment grade market, monitored against BB and B-rated non-financial indices.

Zurich posts record profit

This result positions Zurich well for further growth and enables the group to return more than USD 5 billion to its shareholders.

Isio Group revenue passes £155m on back of acquisitions

It also showed strong organic revenue growth of 18% across its core business, including actuarial and consulting, pensions administration and investment advisory.

Rolls-Royce profits soar and recovery accelerates

The company posted an underlying operating profit of £1.7 billion, a five-fold increase from the £315 million recorded in 2022.

Jupiter shares jump on forecast-beating profit update

Shares are up nearly 7% after asset manager reported a 36% jump in annual underlying pre-tax profit to £105.2m.

Fiera Capital Strengthens European Presence With New Office in Switzerland

Mr. Meyer has been appointed to the EMEA Senior Management Team

Full Year 2023 Earnings AXA IM

AXA reported strong results in 2023, reflecting continued execution of its strategy.

Top UK pension fund Nest expects to lift private assets to 30% of holdings

Nest would likely invest up to 600 million pounds in global timberland this year, expecting annual returns ranging from 6% to more than 10% by location

Alternative Investments