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

PRA Regulatory Digest - July 2025

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Praxis’ Private Wealth teams recognised in Chambers High Net Worth Guide 2025

The recognition is an independent endorsement of Praxis’ technical expertise and consistent client-first delivery.

HSBC Holdings plc Interim Results 2025

Target basis operating expenses were $0.4bn or 3% higher than in 1H24, primarily due to higher spend and investment in technology and the impacts of inflation.

Citi Proud to Continue Supplying Services to UK Government

The new agreement encompasses a suite of services including Overseas Payments, Automated Clearing House (ACH) network services as well as FX Advisory and spot FX services.

SJP claws back £85m after reviewing ongoing advice compensation

The money, which equates to £63.4m after tax, will be returned to shareholders through its buy-back scheme.

Schroders Half year results to 30 June 2025 (unaudited)

Strong progress on transformation; adjusted operating profit up 7%

Interim results of the Swiss National Bank as at 30 June 2025

The SNB's financial result depends largely on developments in the gold, foreign exchange and capital markets.

Standard Chartered PLC – Results for the first half and second quarter ended 30 June 2025

A reconciliation of restructuring and other items excluded from underlying results is set out on page 24.

JTC and UBP Reach Agreement on JTC’s Proposed Acquisition of Kleinwort Hambros Trust Company Limited in the Channel Islands and the UK

In addition, KHT also provides offshore share scheme and pension scheme administration services to several high-quality global corporate clients, which enhances and supports JTC’s leading Employer Solutions service offering.

JTC and UBP reach agreement on JTC’s proposed acquisition of Kleinwort Hambros Trust Company Limited in the Channel Islands and the UK

The acquisition is subject to regulatory approvals and standard closing conditions.

GKB on track: Half-year results confirm expectations

The half-year results confirm the outlook for the 2025 fiscal year, with a consolidated profit of between CHF 210 and 230 million.

How Julius Baer runs discretionary mandate sales

Head of CIO office sales Beyazit Guzelyagdoken explains his first steps in a new role at the private banking group.

Investors put off by complicated wealth management tools

Two thirds of UK investors believe not enough people invest due to being unable to use complicated wealth management tools, according to research from wealth management platform Stratiphy.

Family office founder reshapes the private equity playbook

Focusing primarily on fintech and pharmatech, he outlines why these innovation-led sectors are particularly resilient and well-suited to his investment strategy.

Coutts: Q2 earnings season preview – modest expectations set the stage

Trade policy uncertainty has lowered the bar coming into this earnings season.

Oberon Investments Group Results for the year ended 31 March 2025

Record revenues, strong growth into the new year, underpinned by investment in new teams and systems

Nearly two out of five savers plan to switch more cash into fixed rate accounts

Savers plan to transfer an average £15,800 into fixed rates.

BIL Suisse’s profits bounce back

A decrease in operating expenses and improved results from interest operations boosted the Swiss division of Banque Internationale à Luxembourg.

UBS's second-quarter 2025 results

UBS reports 2Q25 net profit of USD 2.4bn and USD 4.1bn for 1H25 with integration remaining on track; invested assets reach USD 6.6trn

UBS Switzerland Feels the Pinch as Interest Income Slides

That represents a drop in profitability as revenues fell 8 percent year-on-year, largely due to lower net interest income.

Wealth and Asset Management