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

UK likely to say goodbye to free banking

Bailey said the "myth" of free banking enjoyed by customers when not overdrawn made it hard to link costs to products and services received.

Helvetia May Sell to Rich Clients After Raiffeisen Buys Wegelin

Helvetia, Switzerland’s fourth-biggest insurer, focuses on middle-income groups and doesn’t sell life products known as wrappers to wealthy private banking clients.

Barclays to launch structured products platform

Wealth managers using the platform will be able to determine the size and timing of each trade, as well as having the flexibility to define its structure, economic terms and underlying investment.

Deutsche Börse expands high-performance network

The company announced today that it will set up an additional access point to its global trading network in the Equinix ZH4 data centre in Zurich.

US money funds tip-toe back into France and Germany

The taxable money funds had total assets of $1.673 trillion at the end of April, down slightly from March, according to a Reuters analysis of data provided by iMoneyNet.

Swiss & Global in the lap of luxury

According to the latest update, the fund is up 18% over the year to the end of April, compared to the MSCI World Index which was up 7% over the same period. The € 159m fund was launched in January 2008.

Deutsche Bank research head scoops award

The Sammons Associates Annual Heads of Research Survey assesses the performance of banks' heads of research, looking at management skills, knowledge of the market and the quality of analysis, and had responses from more than 600 chief investment offi

Two Italian banks to sell stakes in LSE

Italy's two largest banks have put their stakes in the London Stock Exchange up for sale as the country’s lenders brace themselves for the fallout from the eurozone crisis.

HSBC Launches Six New Offshore Yuan Crosses

HSBC Holdings PLC announced Tuesday that it had launched six new offshore yuan currency trading crosses. These six crosses are the rates against the offshore yuan, known as CNH, for

Axa IM launches Smart Beta bond strategies

Axa’s fixed income analysts use a number of rules based and fundamental filters to define an investible universe of bonds.

Institutionalisation of industry entrenched ‎- Research

The post-2008 influx of institutional money into hedge funds has resulted in a marked increase in the global industry’s operational sophistication and transparency to investors, according to a new report by KPMG, an international network of audit, t

Barclays facing $1bn loss from BlackRock disposal

Barclays plans to crystallise a loss of up to $1bn (£630m) by selling its 20pc stake in fund manager BlackRock in a move that will boost the high street lender’s capital buffers.

French trio to launch Belaco commodities fund

In a year when many commodity investors have been disappointed with their returns, senior managers in the commodities division of Societe Generale are leaving the French bank to launch Belaco Capital, to help put this to right.

LV= adds discretionary fund manager to SIPP

This brings the total number of discretionary fund managers available on its platform to six.

SocGen SS mandated by Italian fund manager

SGSS in Italy offers a complete range of securities services, including clearing, custody and trustee services, fund administration, liquidity management and transfer agent services.

Barclays backs RBS share deal for voters

The London Stock Exchange is in the early stages of planning an assault on the continental European market, pitting it against rivals Euronext and Deutsche Borse on their own turf.

Henderson eyes opportunities in Australia

Henderson Global Investors will on Monday launch its first asset management business in Australia as it seeks to expand its operations beyond the troubled shores of Europe.

Man Group to buy hedge fund business

The combined multi-manager business will have total funds under management of approximately $19 billion, making it the largest independent non-US based fund of hedge funds.

Citi Ranked #1 in Global Custody Services - Survey

Citi has been ranked #1 in global custody services by the world's leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor.

Cambridge unveils first university SEIS fund

The institution is aiming to raise £1m to establish the University of Cambridge Enterprise fund, which is an SEIS and enterprise investment scheme (EIS) vehicle.

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