Europe
Govt sets up asset management taskforce
A taskforce to examine how the £8trn ($10.6trn, €9.1trn) UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
Invesco launches first preferred shares ETF
Invesco PowerShares has launched its first preferred shares ETF in Europe.
Western Europe to go fee-only predicts deVere
DeVere Group’s James Green has said the firm is planning for a fee-only future, predicting that western Europe will move entirely to this form of remuneration ‘within five to 10 years’.
DeVere Group returns to Portugal
After a six-year hiatus, deVere Group is to expand its western Europe network by returning to Portugal with plans to expand its footprint in France.
Sanne to acquire $8.3bn Luxembourg firms
Global alternative asset and corporate administration services provider Sanne has agreed to acquire Luxembourg Investment Solution (LIS) and Compliance Partners (CP).