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

Deutsche Bank reports 2023 profit before tax of € 5.7 billion and announces € 1.6 billion of proposed capital distributions to shareholders

Net profit of € 4.9 billion, down 14%, reflecting higher income tax expense

Quilter appoints new strategic partner Juniper Financial Planning to its network

The trio of financial planners all previously worked for The Munro Partnership, an IFA business based in Ayr, which became part of abrdn Financial Planning.

Leonteq launches digital offering for insurance companies and announces its first agreement with CNP Luxembourg

The LynQs dashboard provides a broad overview of product information, including pricing, distance from the barrier and coupon payments.

Nordea to outsource EMD portfolios amid ‘sub-par commercial results’

Closing in-house team as part of an ‘orderly transition’

Progeny buys HNW chartered advice firm

With offices in Manchester and London, the firm offers tailored financial planning and asset management services to high-net-worth clients.

Santander reports attributable profit of €11,076 million for 2023, meets all 2023 targets

In the fourth quarter, attributable profit increased 42% (+28% in current euros) versus the fourth quarter of 2022 to €2,933 million.

Zwei Wealth teams up with partners from French-speaking Switzerland

This marks the fourth new partnership in a month.

Evelyn Partners delivered record inflows, AUMA and operating income in 2023

For the 12-months ended 31 December 2023, the business achieved record gross inflows of £7.8 billion (2022: £5.4 billion).

From cyber scams to hiring struggles: the future of Swiss private banking

Bosses from Mirabaud, Rothschild & Co and Oddo BHF Switzerland tackle the challenges which their industry is facing going forward.

Wealth management firms merge

The firm’s team of 14 will continue to be based at its Grove Farm headquarters.

Odey’s sole female fund manager resurfaces at Ninety One

Sophia Whitbread's Brook Global Emerging Markets fund closed last year

Two key UBS investors worry about bank's size, regulatory friction

UBS took over its rival in a state-orchestrated rescue last year, creating a bank with a balance sheet of more than $1.6 trillion, nearly twice the size of the Swiss economy.

Unicredit begins distributing Apollo’s clean transition Eltif in Italy

The fund aims to “offer European wealth investors access to private equity opportunities focused on the transition to clean energy and sustainable industry,” said the communiqué.

Nordea AM to wind down emerging markets debt team

Outsourcing to external manager

Majority of high net worth borrowers rejected for preferred mortgage – Investec

In the last five years, 84 per cent of high net worth applicants had to accept a lower LTV or put down a larger deposit to secure their preferred mortgage.

Nadège Lesueur-Pène: “Private Banks Should Better Focus”

A million dollars of short-term deposits differs from a million dollars invested actively through a discretionary mandate.

Business Awards UK Announces Winners of the 2023 Wealth Management Excellence Awards

This year's honourees have exemplified a dedication to excellence and a commitment to client satisfaction that distinguish them as industry leaders.

Titan Wealth Group announces sponsorship of GB Sevens men’s and women’s teams

Titan Wealth has an ambitious strategy for growth over the next 3 years, both in the UK and internationally.

Jupiter launches five-strong thematic fund range

The Article 8 range will be led by Amadeo Alentorn and focus on ‘transformative, and often disruptive, megatrends’.

Julius Baer to Announce Signa-Linked Write-Off

This is the largest exposure in its private debt loan book and is widely believed to be linked to Signa, which filed for insolvency in November 2023.

Wealth and Asset Management