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

7IM to offer advisers banking and lending functions

Seven Investment Management is enabling advisers to take deposits and offer clients loans through its platform.

Credit Suisse weighs up JOHIM sale

Credit Suisse, the Swiss banking group, is considering the sale of JO Hambro Investment Management, its UK private client wealth management business.

Private pursuits - Many banks are hoping that wealth management can restore their fortune

Self-evidently, the big attraction for banks is that rich people have more money to invest and spend on advice than poorer ones.

Countrywide set to launch IFA consolidator in July

Bellpenny will use a business model based on acquiring existing IFA firms and asset aggregation and will offer restricted advice.

Richemont sees growth while Danish groups post declines

Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.

Coutts cuts 20% of front office in RDR restructure

The changes follow the bank’s decision to differentiate its wealth management and private banking teams ahead of the RDR.

Lloyds sent bankers on luxury spa break

Executives from the bailed-out Lloyds Banking Group were sent on a luxury spa break to teach them how to be more effective “hunter-gatherers in the corporate jungle".

Are wealth firms sacrificing client relationships?

Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.

Investors to receive binding powers on pay

In an interview with the Financial Times, EU commissioner Michael Barnier said investors should have the voting powers to curb ‘morally indefensible’ executive pay growth.

Structured products: investors chain down collateral from banks

Anna Sofat, founder of wealth manager Addidi, said she has used structured products backed by banks that she feels secure with, and does not exclude these higher-quality products in favour of collateralised types.

RBC, Credit Suisse among bidders for BofA wealth units

The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010

Investec wealth assets up £8bn after Evolution acquisition‎

Profits dip in wealth and investment division as restructuring and unit sales costs take toll.

Curmi & Partners and Morgan Stanley to explore Wealth Management Opportunities

Curmi & Partners will this evening be hosting an event with Morgan Stanley to explore wealth management opportunities in Malta.

Private Client Financial Industry Award Reception Doubles Attendance

As part of Private Client Practitioner’s Top 25 series, the Top 25 Law Firms aims to identify, recognise, introduce and promote the Top 25 Private Client Law Firms, in the UK and UK offshore

Banking lobby warns of risks from capping bonuses

Bankers often receive a bonus of several times their basic annual salary but the European Parliament's economic affairs committee agreed on Monday that bonuses should not be higher than a banker's fixed pay.

Deloittes gear up for the Olympics

A team of employees from Deloitte are gearing up for the Olympics by taking to their saddles and tackling the official Olympic cycle route before the London 2012 athletes.

UBS needs more than just an EM figurehead

Rob Jolliffe's appointment to lead UBS's emerging markets efforts is an eye-catching move but will do little to mask some of the underlying weaknesses it has in that business.

Thames River brand to be scrapped on retail funds

Boutique’s owner F&C moves to bring the business under its banner.

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.

Wealth and Asset Management