Wealth manager European Wealth is building a profitable business with plenty of upside through potential earnings enhancing acquisitions, reckons broker Panmure, which has started covering the shares.
Some of Europe's wealthiest families are investing chunks of their cash in technology companies, bringing the benefits of long-term horizons to start-ups and filling a funding hole for the continent's fledgling Facebooks.
Lasenby Knox, a new wealth management and financial planning firm, has launched with offices in Manchester and London.
State Street Corporation has extended its relationship with Investec Asset Management for another seven years to provide full middle office and fund accounting services across the UK, South Africa, Luxembourg and the United States.
The business, by then owned by Deutsche Bank, had every reason to be grateful to Horlick, who oversaw huge growth in its investment management business, but suspected she was about to jump ship to a rival along with key members of staff.
Africa’s biggest insurance firm, Old Mutual, on Monday said the sale of its Skandia (France) and Skandia businesses have been completed.