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

Oberon Investments acquires Nexus EIS Fund to expand its portfolio

The deal will be paid for by issuing 7.5m new ordinary shares in Oberon and is expected to boost Oberon’s profit before tax.

Rathbone Funds Now Live on Charles River IMS® and State Street Alpha® Data Platform

The combination of Charles River IMS and ADP empowers their business with faster insights, increased operational efficiency, and greater collaboration across investment teams.

SG Kleinwort Hambros establishes new client lifecycle team

A new Client Lifecycle Team has been established by SG Kleinwort Hambros (SGKH) and Was Chaudry has been named as the team's head.

REYL Intesa Sanpaolo wins two WealthBriefing WealthForGood awards, including “Best Bank for Philanthropy Offering”

The WealthBriefing WealthForGood Awards distinguish the top players in the global wealth management industry.

Launch of new artworks by winners of the Julius Baer Next Generation Art Prize

The completed digital artworks of the six visionary prize winners will be exhibited in a ‘meta-world’ gallery from now until 31 August 2023.

Nordea to acquire Danske Bank consumer and private banking business in Norway

The acquisition is an ideal strategic fit for Nordea and will strengthen Nordea’s market position in Norway among household customers.

Raymond James UK profits boosted 50% despite £1bn asset squeeze

A swathe of client inflows allowed the UK division of Raymond James to increase its profits, despite volatile markets in 2022.

Hargreaves Lansdown posts 6% increase in net new business for Q2 2023

AUA up 2%

Global Survey Shows Wealth Management Ecosystem at Inflection Point

This heightened focus on client experience and more specifically the digital client experience stems from evolving client expectations and the threat of digital disruptors.

Coutts to allow customers to proceed with mortgage without ‘full banking relationship’

Coutts said there was no need to fund monthly mortgage payments via this account and customers would need to undergo full onboarding checks.

Close Brothers could spark new wealth bid frenzy

The group is exploring a potential sale of its wealth business, Close Brothers Asset Management, according to a recent report by Bloomberg.

Family Office Services

UBP Family Office Services provides objective guidance, as well as tailored services, innovative solutions and ongoing, reliable support.

Arbuthnot shares soar after profits leap from £3.4m to £26.4m – but it warns of risks ahead

Arbuthnot’s net interest income doubled compared to last year.

Arbuthnot Banking Group Unaudited results for the six months to 30 June 2023

Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited.

Kingswood-owned DFM IBOSS surpasses £2bn in assets under influence

The asset manager benefits from a ‘larger team’

Shareholder group publishes counter offer for GAM

The tender offer is around 30% higher than Liontrust’s but covers only 17.5% of all GAM shares.

Chase Buchanan Wealth Management Announces Latest Expansion with a New France Office and Team of Experts

Global expat wealth management specialists, Chase Buchanan, are delighted to announce the opening of their latest office and expert team in Bordeaux, France

Goldman Sachs Asset Management issues its first Private Markets ELTIF

Goldman Sachs Asset Management has raised more than $200m for Private Markets ELTIF 2023, the company's first European Long Term Investment Fund.

Quilter introduces new features to support vulnerable customers

Quilter has also launched a new customer facing ‘additional needs’ online support to help customers explore the support on offer for people with additional needs.

GAM Holding AG provides an update on the Group's expected first half 2023 results

This compares to the IFRS net loss after tax of CHF 275.2 million for the first half of 2022.

Wealth and Asset Management