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

It’s so unfair, say 'under-paid’ bankers

Almost two-thirds of London bankers think they were underpaid last year and half believe they have been treated unfairly.

EFG to sell stake in spin-off to Notenstein for $74 mln

This transaction is expected to result in an exceptional accounting gain of approximately CHF 37 million in EFG International's 2013 financial statements.

Close Brothers' wealth arm back in profit

Overall income on assets increased 9% to £36m, corresponding to an improved revenue margin on total assets of 84 basis points, the group said.

Credit Suisse on verge of selling JO Hambro IM

After a series of talks the investment bank has now whittled down the list of interested suitors to just one.

Arbuthnot launches commodity trading desk

‘It is a pure, non-advised execution-only service for clients, and we will not be trading our own book.’

UBS seeks to expand private banking in Italy with acquisition

The Italian wealth manager said last week that it’s reviewing a report by the Bank of Italy into the reserves it set aside for deteriorating credits that are backed by real estate.

WealthBriefing Awards - Taylor Wessing's Private Client team shortlisted for 'Law Firm of the Year'

Winners will be announced at a ceremony taking place on 2nd May 2013 at the Royal Courts of Justice.

This is how Ireland's super-rich are now investing their billions

"They realise that they need to invest their money in something where it will beat inflation."

HNW investor confidence surges to three-year high

The group reports that 53% of its HNW clients - who each have investable assets of more than £1m

Raiffeisen Bank Considers Buying Citibank Romania Part

Raiffeisen is interested in the unit's private and corporate business

Van Lanschot to review strategy after major loss

Underlying profit of € 2.0 million in difficult market conditions

Will RBS sell Coutts?

Sir Mervyn King has suggested splitting RBS in two.

Expectations low for UBS bankers awaiting bonus awards

Staff in UBS's investment bank waiting to be told by their boss what they have earned expect to be particularly hard hit.

Private banking arm drags down Schroders profits for 2012

Financial markets and investor sentiment fluctuated sharply in the first half of 2012, with early gains in equity markets given back in the second quarter as concerns grew over the Eurozone and faltering economic growth.

Barclays Wealth to open city office

The new office – which will be based at St Paul’s Place, in Norfolk Street, Sheffield

London & Capital signs platform partnership agreement with AVIVA

The deal will see London & Capital’s suite of ten actively managed and risk-graded growth portfolios, and three income portfolios, made available to advisers using the Aviva platform.

Bankinter, Apollo in joint-bid for Generali's Swiss private bank

Brazilian bank Safra and Chinese rival ICBC are also bidding for BSI, two of the people said.

World’s wealthy set to grow by 50% in the next decade - RESEARCH

London and New York remain the top destinations for the world’s ultra-high net worth individuals to live and invest in but Asian cities are fast catching up, says Knight Frank’s seventh annual Wealth Report.

EU hints at curbs on bank salaries after Osborne defeat

I can’t support the proposal currently on the table

Wealth manager unveils plans to buy 20 IFAs

"We believe that the fact that these acquisitions will be internally funded provides us with a far more robust and secure framework.

Wealth and Asset Management