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

Aberdeen Asset deputy in £5.4m shares payout

Aberdeen Asset Management's veteran deputy chief executive Andrew Laing has enjoyed a £5.4 million payday as he became the latest senior figure at the acquisitive fund manager to cash in stock.

Kleinwort Benson Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK

This information has already been provided.

Brooks Macdonald Group Acquisition

Option Agreement to Acquire Levitas Investment Management Services

UBS takes big stake in Ashcourt Rowan

The news follows an announcement by Ashcourt that it had entered into an agreement to buy UKWM, a north west England-focused discretionary and pensions management group, for £14.25 million. It ensnare

Towry acquires Lighthouse subsidiary AR in £500k deal

The firm said: “Having been approached and concluded that the holding was not strategic in nature, the group accepted the offer made for its shareholding in Deverill Black.”

Ashcourt Rowan targets £10bn in AUM in five years

Ashcourt Rowan is looking to grow its assets under management from £3.7bn to £10bn in the next three to five years following its deal to acquire adviser firm UK Wealth Management for up to £14.25m.

Jersey’s financial services credentials highlighted to senior UAE and Qatar professionals

Jersey’s role as a partner jurisdiction for wealth management, banking, corporate and funds work in the Middle East was highlighted to audiences of senior finance professionals at two key events in the Gulf region this month.

Wealth management firm to run Investment Quorum discretionary funds

Six risk-rated discretionary portfolios to be outsourced to Ingenious Asset Management.

Old Mutual Wealth in talks to buy Intrinsic

Old Mutual Wealth is in talks to buy adviser network Intrinsic, Money Marketing understands.

It was a big year for: the asset managers

After hiring 13 professionals in 2012, Aeschlimann raised his bet by hiring a further four in 2013, including Anu Narula, his new head of global equities, who arrived from Axa Framlington.

Half of Irish bosses ban social media

It revealed that almost half of the Irish workforce was forbidden from using social networks during business hours, while the rest were sometimes reluctantly permitted to do so.

Wealth Manager Study Says Deals Surged as Prices Dropped

Buyers spent more than $8 billion since Dec. 31 as they absorbed businesses that oversee money for affluent individuals and families.

Vistra acquires HVK Family Office Services in the Netherlands

Founded in 2011 by a group of former PwC professionals, HVK is an independent consultancy firm in the areas of Tax Advice, Tax Structuring, Family Office Services, Legal & Notarial Services and Financial Advisory Services.

Raiffeisen details sovereign exposure at end-H1

The European Banking Authority, the European Union's banking watchdog, said on Monday the share of bonds issued by sovereigns under stress held by their domestic banks had "increased markedly" between December 2010 and June 2013.

New expat account and investment facilities for UAE expats

In the five years since the collapse of Lehman Brothers led to the global economic crisis the number of expat bank accounts have shrunk, most notably in the UK.

Swiss fund manager to buy EIM Group

Gottex said it remained on the look out for new partners to widen its distribution.

Bankers Expect 44% Rise in Bonuses

The average bonus for managing directors, the level just below the board, is predicted to increase to £167,000 in 2013, up from £116,000 in 2012.

Cyber criminals steal millions via wealth managers

“It’s scary. Wealth managers are being used to get millions of dollars. I have seen six of these [thefts] in the four months I have been here"

UK wealth management group to acquire Duke Street

The Acquisition, which is subject to regulatory approval from the FCA, will create a leading UK wealth manager with a national footprint offering high quality financial advice and investment solutions to individuals and corporates through its network of 1

Ashcourt Rowan underlying earnings more than double

Ashcourt Rowan, the UK wealth management group, has announced its Group audited results for the six months ended 30 September 2013.

Wealth and Asset Management