May 23, 2013

European ParliamentThe European Union is moving closer to a single supervisory system for banks, having approved draft laws in a plenary vote in the European Parliament on Wednesday.

May 22, 2013

real-estateA German-based property fund manager has appointed Caceis, the French depositary bank, to provide services for its closed-ended fund range under the Alternative Investment Fund Managers Directive (AIFMD).

May 22, 2013

ETF tradingVanguard Asset Management has launched four low-cost, Ireland-domiciled exchange-traded funds (ETFs) in Europe to add to the five it launched in 2012.

May 21, 2013

OutsorcingUK wealth management firm Ashcourt Rowan has outsourced portfolio, settlement and custody services to financial outsourcing firm TD Wealth Institutional.

May 21, 2013

Signing contractBlackRock is to acquire MGPA, an independent private equity real estate company in Asia-Pacific and Europe, which has $12 billion (€9.3 billion) of assets under management.

May 20, 2013

Global chartsPolar Capital Holdings plans an investment trust aiming to produce dividend income plus capital growth by investing in a diversified global portfolio of equity, debt and other securities of listed financial stocks.