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

Swiss private bank profit dips even as AuM rises

Net inflows were said to be “robust” in the first half.

Income and profits fall at Mirabaud

The Group had total assets of CHF 4,148 million (CHF 4,092 million as at 31 December 2018).

Wealth management bosses fear political fallout from Brexit

Report coincides with pound plummeting as Boris Johnson moves to suspend parliament

Van Lanschot Kempen: net profit of over €83 million and capital return proposal

We note more client uncertainty and a greater need for advice in these conditions.

Sanlam UK acquires majority stake in IFA

Commenting on the acquisition, John White, CEO of Sanlam UK’s Wealth division said: “This deal marks a confident expansion of our reach and further underlines our commitment to grow and strengthen our proposition in the North of England.

Collapsed Greyfriars adviser owes clients £700k

A smaller amount of £100 was owed to the taxman but the company did not owe any money to its former employees.

SJP Singapore Secures Capital Markets Services Licence

The licence will enable us to expand our investor base and we are excited to be growing our business in Singapore, where we have evolved from serving a primarily expatriate clientele to a trusted wealth manager for all Singapore residents.

Boxing Market Volatility with A Different Fighting Style By Frédéric Babu

A long running bull market, interest rate uncertainty, and geopolitical turmoil have the potential to make markets more volatile.

Forget the generation gap – the gulf between rich and poor tells the real story of our times

Talk in terms of conflict between generations is familiar and fits easily into our standard framing of social issues.

Deutsche Bank and UBS Explored European Banking Alliance

Deal talks in June never coalesced but show how far European lenders are willing to go to address a punishing banking environment

Lombard Bank Malta plc half-yearly results for 2019

Customer deposits increased by 2% while the resultant Group Net Interest Income for H1 2019 was up by 14% from €9.0m to €10.2m.

Raiffeisen Half-Year Profit Drops on Revamp

And yet, revenues declined even disregarding the private-banking division’s business, while costs increased slightly.

LGT reports strong net asset inflows and further business expansion in first half of 2019

LGT's total operating income increased 2% to CHF 848.2 million in the first half of 2019. Income from services decreased 1% and totaled CHF 536.1 million.

Brown Shipley’s parent group buys Swiss wealth manager

It is the private bank’s seventh acquisition in the past five years.

Liechtenstein private bank posts income increase

We closed the first half of 2019 with good results despite volatile market conditions.

C Hoare posts 25% profit growth, despite impairments rising

The UK’s oldest private bank posted pre-tax profit of £32.5 million, up from £25.9 million year-on-year, for the 12 months to the end of March.

Growth Markets: Why China Matters

Long a bellwether for emerging markets, what happens in China is now crucial to the wider world.

7IM banks big tax windfall as costs climb on scalable challenge

Costs at Seven Investment Management rose 15% last year, almost four times the rate of revenue as it invested in its back office systems to ‘ensure they are scalable’.

Sanlam Real Assets Fund Celebrates First Birthday

The Fund targets income and capital growth through investments in real asset securities which Pinggera describes as the “pillars of a functioning economy”.

Berlin’s Fintech Wealth Is Attracting at Least One Private Bank

Weberbank is betting on German capital as it tries to expand

Wealth and Asset Management