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

Swiss bank bounces back from losses

The bank pointed to progress in cutting costs, which were down six percent from the second quarter last year

U.S. private equities behind UBS-Passera plan for Monte dei Paschi - source

The new proposal includes the bad loan sale to Italian bank rescue fund Atlante, like the bank's own rescue plan.

St James’s Place boss hits back at charging criticism

He pointed specifically to the “charging differential” between an SJP pension and an open-market pension.

The oldest bank on earth just agreed a rescue deal backed by JP Morgan, Goldman Sachs and Deutsche Bank

The rescue offer is being led by JP Morgan and Italian lender Mediobanca

UK wealth manager reports 20% growth in AuM

SJP also reported a near-20% year on year increase in funds under management to £65.6bn as of June 30.

Profile: Gearing Up For The Shift From Consolidation To Start-Ups

Nicholson, who was head of Sanlam Private Wealth’s Newcastle office until April, believes smaller owner-managed businesses will soon become more prevalent as the industry structure shifts away from consolidations toward start-ups.

Natwest launches concierge service for HNW brokers

Initial contact commences with a welcome phone call to cover any additional information required and for brokers to be provided with an outline of the next steps.

BNP Paribas Posts Stable Q2 Net Profit, French Retail Banking Suffers

Ranked France's largest listed bank, BNP Paribas reported a 0.2 percent rise in net profit to 2.56 billion euros during April to June, including exceptional items such as proceeds from the sale of Visa Europe shares.

HNWIs call on FCA to turn focus on infrastructure building

The research was conducted by Scorpio Partnership and technology provider Factset, surveying 1,022 HNWIs globally.

Brooks Macdonald assets rise above £8.3bn

The group’s third-party assets under administration increased from £255 million to £270 million.

SJP hikes dividend by 15% despite £17m FSCS hit

Given the continued strong business performance, the Board has declared a 15% increase in the interim dividend to 12.33 pence per share.

Sailor's warning - St. James's Place

Data suggests the UK economy could shrink by 0.4% this quarter as the UK PMI Composite Output Index suffered the biggest drop in its history between 12 and 21 July.

Rathbone eyes further expansion into advice

The business revealed it has invested in its operations in Scotland and the North, and dedicated full-time support to pursue opportunities in London.

Brewin Dolphin Third Quarter Positive Despite "Challenging" Markets

Our core discretionary business has continued to deliver organic funds flow and income growth, demonstrating its resilience in the face of uncertain market conditions.

Britons put more money with wealth managers amid Brexit uncertainty

Alongside the uncertainty sparked by last month's "Brexit" vote, investors are worried about the strength of the global economy, and particularly slowing growth in China, as well as the impact of massive central bank monetary policy easing.

Man Group Funds Battered in Choppy Markets

The first half of 2016 has been a particularly challenging period for the global investment management industry.

Vontobel CEO caps private banking M&A deals at $20 bln in assets

Staub said the bank also had clear criteria for purchases in asset management

There's no such thing as bad weather, just inappropriate clothing - Sir Ranulph Fiennes by Penny Lovell

Sir Ranulph is known for breaking records and I have no doubt he will reach his £20m target - I might even be tempted to put on my running shoes for Marie Curie myself though not sure I could even manage a 5k challenge let alone a Global Reach Ende

Julius Baer Assets Lifted by Brexit Trading Boost

: “Our business momentum has improved since the first quarter of 2016, leading to increased inflows and record assets under management of 311 billion Swiss francs. The refocusing on organic growth, without disregarding acquisition opportunities, is

Meet the MD: Colin Lawson, Equilibrium Asset Management

He takes us through his six qualities of a good leader, and preaches the virtues of driving his Ariel Atom really, really fast!

Wealth and Asset Management