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

Cost of weeding out criminals and tax cheats hits private banks

Private banks managing the financial affairs of the world's wealthy face spending millions of dollars every year on vetting new clients

Abu Dhabi sell £2.2bn stake in Barclays

Abu Dhabi has sold its entire holding in Barclays worth more than £2bn, it has been revealed.

Seymour Pierce buy helps WH Ireland hang in the black

Within this strength in the firm's wealth management arm offset weakness in its corporate broking division.

Arbuthnot Private Bank assets surge 28% in H1

Profit for the period decreased to 1.40 million pounds from 10.43 million pounds prior year.

The Wealth Management Whine

Steven Crosby, senior managing director at PricewaterhouseCoopers, predicts a five-fold, global increase in mergers and acquisitions in the wealth industry

Women forcing wealth management professionals to change their thinking

Wealth management industry facing changing demographics

China Construction Bank to set up in Luxembourg

The third Chinese lender to move into the low-tax statelet sandwiched between Germany and France

HFM Columbus: Private Client Recruitment Market Never Looked Better

HFM Columbus director Marcus Carlton says the private client recruitment market has never looked better

BofA, Morgan Stanley Hold Lead In Top Wealth Manager Ranking

Bank of America Corp. and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiled by PAM Insight SA.

Will FCA wealth management arm spark new supervisory era?

The move is a shift away from the historic ‘one size fits all’ approach and has been welcomed by a broad swathe of chief executives from private client investment companies.

British bankers earned more than the rest of the European Union put together

Figures from the EU's banking regulator showed 2,346 bankers earned more than 1m euros in the UK, compared with 739 in the rest of the EU

Survey Finds Investors Still Confident In Global Growth Despite China Doubts - BofA Merrill Lynch

Allocations to Equity Rise, Bonds Increasingly Undesired

Dubai loses ground to London in battle of banking

London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access

HSBC Trinkaus to sell private banking in Luxembourg

Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.

Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share

The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.

Wealth managers fire warning shot over ‘super clean’ fund deals

The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.

7IM bags £80m model portfolio mandate

Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.

France Clarifies Rules On Wealth Tax Cap

he French Finance Ministry has clarified regulations pertaining to the wealth tax cap and life insurance contracts.

Psigma IM buys AXA Framlington private client arm

Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth.

Walker Crips launches the UK’s first regulated bridging finance fund

T Bailey Fund Managers will act as the Authorised Corporate Director (ACD) and administrator and National Westminster Bank Plc will be the depository.

Wealth and Asset Management