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

Origen reports £3.5m loss after review

Financial adviser Origen, part of Edinburgh-based Aegon UK, has reported a £3.5 million pre-tax loss for 2011 after conducting an internal review of its systems and controls.

Oddo AM joins forces with Italy's Generali for fund of funds launch

"Recent measures announced by the European Central Bank could restart a process of credibility on the market."

French firm restructures absolute return offering

‘The new organisation will allow the firm to benefit from synergies between the various management units of the business.’

VCTs fear 75% plunge in funding after new rules

Venture capital trusts believe that new rules planned by the Financial Services Authority could cost them three-quarters of their investor base, with one wealth manager warning the developments are “very concerning” for small business investme

London hedge fund paid top partner €42m last year

Comac was one of a tiny minority of hedge funds and investors that called the stock market right in 2007 and 2008, making a massive profit from shorting US Treasury bonds.

Turkey may sell 24 pct of Halkbank in secondary offering

Turkey's Privatisation Administration may sell a 24 percent stake in Halkbank through a secondary public offering (SPO) within six months, retaining a controlling stake in the state-run lender, government and banking sources said.

'Aegon sent us details of rival advisers' investors and its response was hugely disappointing'

Whitehall, based in Bewdley, Worcestershire, received details last month of 35 Aegon investors who were not its clients. Between them the investors have £1.2 million of pensions with the insurer.

RBS Heads For Insurance Exit

Exiting the Asset Protection Scheme would be a milestone in RBS's recovery just under four years after it was rescued.

Situs Acquires Deutsche Bank's European Commercial Mortgage Servicing Business

Transaction Establishes Situs as One of the Largest Third-Party Servicers in Europe

Nucleus to host Hearthstone property fund

Agreement is part of plan for wider release, Hearthstone claims.

ABN AMRO to shut grain desk on CBOT trading floor

A veteran trader from a prominent brokerage in Chicago said about 1,000 floor traders, phone clerks and runners worked there about two decades ago. Now, there are about 250.

Management buy-out for KBC Lease Deutschland

KBC Lease Holding NV today completed the management buy-out (MBO) deal led by Mr Ulrich Helmdach (CEO of KBC Lease Deutschland) for Kronberg-based subsidiary KBC Lease Deutschland. The impact of the MBO on KBC's earnings and capital is negligible giv

Societe Generale mandated by Aberdeen Asset Management in Italy

SGSS will be providing these funds with paying agent and investor relations management services with reference to investors located in Italy. SGSS in Italy offers a complete range of securities services, including clearing, custody and trustee services,

Bordeaux Index signs with Octavian

Octavian has announced that it has signed a long term agreement with Bordeaux Index, one of the world’s largest fine wine merchants, to provide storage and distribution services.

BNY Mellon Service KAG appointed by VVO Haberger AG to launch and manage new fund range

BNY Mellon has been appointed to launch and manage VVO Haberger AG’s new Private Label Funds via its affiliate BNY Mellon Service KAG.

SGSS to act as Italy's trasfer agent for AllianceBernstein

Societe Generale Securities Services in Italy has signed an agreement with AllianceBernstein SICAV and AllianceBernstein FCP to act as their local Transfer Agent, providing them with paying agent and investor relations management services with reference t

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