New Products

Summary: New Kids On The Block In European Wealth Management

Tom Burroughes, Group Editor, London, 31 May 2012

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MIG Bank, the Swiss bank specialising in online trading, received the go-ahead from the UK regulator to start offering online foreign exchange and gold and silver trading through a subsidiary based in London.

Reed Smith, the international law firm, launched a tax practice in Germany with the addition of Thomas Gierath to its partnership. He previously worked at Dechert, another global law firm. Gierath advises on domestic and international tax matters across private equity, venture capital, corporate, real estate and financial products.

Luxembourg-based La Mondiale Europartner, the international division of French insurer AG2R La Mondiale, officially launched its high net worth wealth management operations in the UK. A range of Retail Distribution Review-ready, tax-efficient and international investment portfolios aimed at high and ultra high net worth investors will be provided in partnership with wealth managers, private banks and other professional intermediaries.

UK-based Grovepoint Capital, the private investment firm, rolled out an investment arm for clients such as family offices and high net worth individuals, called Grovepoint Investment Management.

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