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

Cameron’s Cuts Widening North-South U.K. Wealth Rift: Mortgages

Prime Minister David Cameron’s effort to slash Britain’s record budget deficit is widening a housing and wealth gap between the north of the country and the London area.

Wealth Check: 'How can we put a bit aside to enjoy luxuries?'

The couple live in Crowborough, East Sussex and like most people their biggest outgoing is their mortgage.

Coutts appoints Head of Products and Services in Asia

Most recently he was Managing Director and Head of Wealth Management Sales across Asia Pacific for HSBC.

Vestra's Scott: RDR unlikely to cause seismic shift

Speaking to Wealth Manager, the former UBS director said: ‘Part of me does not think the post-RDR world will be dramatically different

The tax cap is in danger of deterring innovative philanthropists

Meanwhile, a second arm of government – the Treasury – continues to defend its plans to end unlimited tax relief on donations that a growing coalition of philanthropists and charities argue will greatly reduce existing levels of giving. t

Northern Trust secures UK charity mandate

The Nesta Trust inherited the assets of the former National Endowment for Science, Technology and the Arts on 1 April 2012.

Millionaire financier under investigation over £5m 'fraud

Mr Ruffle, who grows wine at his Chinese castle, worked on the funds when the transactions took place.

Bankers fight new EU cap on bonuses

Brussels sources indicated that there is a high probability that the resolution will be passed, which would then need to be ratified by the European Commission before becoming law.

High earners say au revoir to France

The annual mass exodus from the French capital sees the city's inhabitants while away the August heat in the countryside.

RBS boss: Life is not about money (and this from a man who pockets £1.2m a year)

Mr Hester told pupils at a South London school that life ‘is about doing things that make you feel valuable, not necessarily measured by money’.

Family Office Exchange Expands Its Audience

New FOX Wealth Center website offers non-members access to proprietary FOX research for the first time

Butterfield seeks to cash in on London high-end property boom

The Bermuda bank’s UK operation is among a growing number of foreign private banks entering the London mortgage market by offering home loans in excess of £1 million.

Heartwood’s Lough: FSA has got RDR independence wrong

While the wealth management chief is largely supportive of the regulation’s underlying principles – not least upping professional standards and the removal of trail commission – he says the FSA has got it wrong when it comes to its crite

Clients not fleeing Swiss banks over tax deals

In the wake of the financial crisis, Switzerland has come under heavy global pressure to weaken its tradition of strict bank secrecy to help cash-strapped governments hunt tax dodgers who have hidden their assets in vaults in Zurich and Geneva.

IMF Identifies Risks In Swiss Banking Sector

The risk of a real estate bubble is growing, the IMF has reported, with domestic mortgage credit and real estate prices rising, exacerbated by monetary policy pressures, and presenting dangers for exposed domestically-oriented banks and insurance companie

deVere Group comes out in support of increased industry scrutiny by FSA

The deVere Group is publicly championing the Financial Services Authority’s latest plans to tighten-up regulation within the wealth management sector.

Buyout Firms Drop Out Of Auction For Dexia Asset Management

At least two private-equity firms have dropped out of the auction for Dexia Asset Management ahead of the second round, people familiar with the situation told Dow Jones Newswires on Thursday.

Lloyds private bank merges ultra and HNW units

Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.

Credit Suisse opens German property fund for 1 day

If they exceed the available net liquidity of 25 percent of the fund's volume, all of the fund's assets will be liquidated, which is what will happen in the case of SEB ImmoInvest.

Rathbone Brothers Reports Rise In Q1 Net Operating Incom

The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep

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