Amundi, the European leading asset manager, welcomes the announcement today by Victory Capital Holdings, Inc. (“Victory Capital”) of its definitive agreement to acquire First Eagle Investments (“First Eagle”), for a total consideration of approximately $7 billion, thus creating a $571 billion diversified global asset manager (see www.ir.vcm.com), and expresses its full support for this transformational […]

Cetera welcomes the Severn Wealth Management team from Commonwealth, led by Co-Founders Steven Roth, CLU®, and Wilson Phipps, along with financial advisor Brian Phipps. The team, which oversees approximately $160 million in AUA1, joins Cetera through its unique Summit Financial Networks2 community.   The firm and its financial advisors are supported by Maggie Phipps, Client […]

As Asia’s wealth markets continue to expand, European investors and asset managers are looking east for new opportunities.    Rüdiger von Wedel, Managing Director at DBS Bank in Singapore, explains why European clients are increasingly turning to Asia and how DBS aims to bridge the gap between Europe and Asia as a strategic partner of […]

The global economy remains surprisingly robust. For Barclays Chief Market Strategist Julien Lafargue, the reason is clear: the AI ​​boom. Europe, on the other hand, risks falling behind.   “Without the AI ​​investment cycle, global growth would be significantly weaker – possibly even negative,” says Julien Lafargue , Chief Market Strategist at Barclays Private Bank. […]

Andy Burnham should raise taxes on wealthy pensioners to rescue the public finances, Labour’s favourite think tank has urged.   The Institute for Public Policy Research (IPPR) called on the Prime Minister to introduce National Insurance on pensioners’ incomes to shield workers from further levies.   Economists said in a new report that the policy, […]

On 24 July 2026, the PRC Ministry of Finance and State Taxation Administration issued sweeping new regulations governing the taxation of offshore trusts, which represent one of the most significant developments affecting Chinese Mainland-linked offshore wealth structures in recent years (the 'Announcement').    Rather than targeting a single aspect of trust planning, the Announcement creates […]

A former Deutsche Bank employee was set to go on trial on Tuesday for allegedly embezzling hundreds of thousands of euros in customer funds as a banker at the lender's flagship branch.   Deutsche Bank said it had discovered the case last year involving the theft of a six-digit euro amount. Less than 10 customers […]

The tax authorities in the UK are to send inspectors to high-value properties to determine that owners pay a new wealth tax on its value.   HMRC will deploy valuation agents with the ability to demand entry to assess whether homes are worth over £2 million ($2.6 million) and so come under the high-value council […]

Macfarlanes has advised wealth management firm Canaccord Wealth on the acquisition of the front office teams and client assets of EFG Harris Allday from EFG International.  EFG Harris Allday is a UK wealth management firm primarily serving high-net-worth individuals across the Midlands region.    The business currently sits within EFG Private Bank, itself a subsidiary […]

PIMFA has raised concerns over the FCA’s Simplifying Consumer Investment Disclosures consultation.   The regulator is seeking to make improvements to the rules around the disclosures required to sell investment products and services to retail investors.   PIMFA said it is ‘supportive’ of the FCA’s objective of simplifying disclosures, but believes some of the proposals […]