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

Jupiter profits plunge 60% as assets fall £12bn in ‘disappointing’ first half

Profits were heavily impacted by a 15% increase in administrative expenses to £160.2m on the back of a 53% surge in staff costs to £63.9m.

Credit Suisse Needs to Be More Flexible

Despite the call for a strategic review and a new chief at the top, Credit Suisse’s wealth management business in Asia will likely stay the course.

Vontobel delivers a satisfactory result for the first half of 2022

Whilst below the record profit generated in the first half of 2021, as expected, it exceeded the result for the first half of 2020 – which represents the second-highest first-half result since the financial crisis.

The best Hommes d’Affaires for high-net-worth individuals in 2022

This can entail anything from negotiating contracts on their behalf, managing their finances, and even assisting on reputation and public affairs.

Family offices swoop amidst funding drought and retreating VCs

The shift to the deep-pocketed investors from private wealth vehicles is set to prevent VC confidence from declining even further. High inflation, central bank liquidity and rising interest rates have arguably compelled family offices to reconsider their

Sale rumors cause movement at GAM

Possible interested parties are not named in the report. A GAM representative declined to comment to the agency.

Rathbones Group Plc releases half year 2022 results today.

Despite a difficult market backdrop, net inflows in the first half were positive.

Schroders plc - half-year results to 30 June 2022 (unaudited)

“We have built a diversified and resilient business that has weathered difficult market conditions, can fund growth and has put us in an excellent position to serve our clients."

Barclays' blunders overshadow strong trading performance

The British lender on Thursday reported pretax profit of 3.7 billion pounds for the first six months of the year, down from 4.9 billion pounds in the same period last year and just below analysts' forecasts.

St. James's Place Half Year Results 2022

Strong new business and financial performance

Sancus Announces Update on Trading for the First Half of Year

Group shows substantial growth

The Great Inflation Balancing Act

With inflation reaching record levels on both sides of the Atlantic, Coutts Head of Asset Allocation Lilian Chovin takes a deep dive into what it means for investors.

Lending to Wealthy Clients Gives UBS’ Wealth Business a Boost

Several wealth managers have reported that net interest income soared during the second quarter thanks to higher interest rates and steady demand for securities-based loans, mortgages, and other lending products.

Deutsche Bank reports profit before tax of € 1.5 billion, its highest second-quarter profit since 2011

Deutsche Bank has announced its highest second-quarter and half-year post-tax profits since 2011.

WH Ireland delivers pre-tax profits of £1.4m as discretionary AUM grows

WM AUM remains at £1.6bn

Sanlam Wealth mulls migration of £7bn AUM to customised platform

Currently, the Sanlam Portal and Platform sit with Chesnara, along with £7bn of assets.

UBS Part of Banking Group Suffering Buyout Lending Loss

Bridge loans play an important role in the completion of individual transactions in takeovers and mergers, and are an integral part of investment banking typically generating a high percentage of the fees and commissions earned in those business units.

Wealth and Asset Management