A Swiss national arrested in Frankfurt last week for spying on German tax officials allegedly recruited informants inside the country’s largest finance ministry to gather information on tax investigators.
China Pacific Insurance Co. (CPIC), the country’s third largest life insurer, has bought a 51% stake in Chinese fund management company GTJA Allianz Fund Management and will share ownership of the firm with Germany’s Allianz.
Global fixed income manager BlueBay Asset Management has opened an office in Munich to provide clients in Germany with “on the ground” support.
Solvency II is a step in the wrong direction that will keep some companies alive that would be better giving themselves a decent burial and consolidating themselves out of the market now, according to industry consultant Ned Cazalet.
As the world’s attention turns to Rio for the opening of the 2016 Olympic Games on Friday, fund managers have assessed the investment opportunities on offer in the most powerful Olympic sporting nations.
In its latest Flow Show note, Bank of America Merrill Lynch pointed out that, at current rates, it would take you 1,387 years to double your savings in a 1-year German deposit account.
Only 23.2% of global high net worth (HNW) wealth is invested offshore for tax reasons, according to financial services research and insight firm, Verdict Financial.
Generali Investments Deutschland (GID) has been merged into Generali Investments, as part of the group’s strategy to streamline its global asset management operations.
Swiss investment company Bellevue Group has acquired independent German fund manager StarCapital in a move that brings its assets under management to CHF7.8bn (£5.6bn, $7.8bn, €7.1bn).
The German fund industry experienced a record year in 2015 with total assets under management (AUM) sitting at €2.6trn (£2trn, $2.9trn).
New York-headquartered BNY Mellon Investment Management has opened its first German office in Frankfurt as it looks to tap into more European markets.
Kames Capital has consolidated its UK and global equity teams with the appointment of a head of equities.
