- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Coutts partners with JPMAM to launch alternatives fund

The Coutts Diversifying Alternatives Multi-Manager fund seeks to deliver returns with minimal sensitivity to traditional markets.

Titan Wealth eyes deal for PE-backed rival

Both firms are backed by Ares Management, which provided IWP with a credit line of £103m to fund an acquisition spree.

Abrdn completes sale of €8.6bn European private equity business

The asset manager sells the division to Nasdaq-listed alts specialist Patria Investments in a €117m deal.

HSBC Holdings plc 1Q 2024 Earnings Release

Annualised ECL as a percentage of gross loans and advances to customers was 30bps in 1Q24, including held for sale balances.

IQ-EQ supports the combination of Wavestone and Q_PERIOR by setting up a fiducie

This combination aims to create a new European consulting champion with a global reach, targeting revenue of €1 billion by 2025.

EFG extends buyback of shares to fund its variable deferred share-based employee compensation

The purchase is being executed through open market purchases in a market-sensitive manner by a third party.

SJP sees drop in inflows as it works on review of business

Both programmes are proceeding in line with our plans and expectations, and the financial guidance associated with each of these remains unchanged.

Exceptional Development in the Asset Management Sector

The increase in managed assets (AuM), with an increase of approximately 9 percent increase, was largely attributable to positive market performance in the fourth quarter of 2023.

Fairstone makes changes to organisational structure to drive growth

The change has resulted in six managing directors being appointed with three joining the northern, central and southern regions of the UK.

UBS elite unit gains access from Regenmacher

The team includes a few hand-picked dealmakers who are supposed to negotiate directly with the heads of corporations.

The Vaudoise Group takes over the company Prevanto and becomes the market leader in actuarial advice for pension funds in Switzerland

This makes the Vaudoise Group the market leader in the area of actuarial advice for pension funds.

Brooks Macdonald partners with Sporting Wellness to promote financial wellbeing for sportspeople

As part of this partnership, Brooks Macdonald will provide financial wellbeing sessions designed to empower the athletes of Sporting Wellness’s charity partners

Van Lanschot Kempen: first quarter 2024 trading update

Assets under management (AuM) rose by 6%, thanks to strong net inflows and a positive market performance.

Coutts in Conversation: A Good Start to the Year for Investors

Our investment experts shared their current, positive market outlook and explained why they’re shifting from UK to global stocks at a recent client event.

Jupiter to keep £500m of flagship fund after manager’s exit

The fund sits in Jupiter’s Merlin range, which operates at a degree of separation from the wider group.

Private bank PKB doubles profits thanks to new strategy

PKB Private Bank made a profit of 16.8 million francs in the 2023 financial year .

Deutsche Bank provides information about the legal dispute over the Postbank takeover

While Deutsche Bank continues to strongly disagree with such an assessment, the court's comments influence the bank's assessment of the likelihood of a future payment.

Market concentration and return dispersion at a turning point

The dispersion in performance between the Magnificent Seven and the rest of the market has been very significant, underscoring the transformative power of AI in reshaping industries and market expectations.

Macquarie Asset Management finances upgrade and expansion of three Midlands hospitals

The projects will help enhance the accessibility and quality of facilities for each hospital’s patients, visitors, and staff.

Pollen Street Capital acquisition of Mattioli Woods approved by over 95% of shareholders

The acquisition of Mattioli Woods by Pollen Street Capital was approved by over 95% of shareholders who voted.

Wealth and Asset Management