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

Credit Suisse publishes a study on the tax burden in the Swiss cantons

According to Credit Suisse AG, for private individuals and companies alike, the cantons of central Switzerland remain the most attractive from a tax perspective.

The cost of acquiring a HNW client

Strategy consultants MDRC have today published a report on the cost of acquiring a HNW client.

Charities have to tackle 'new normal' economic conditions to survive - PwC

An economic climate of disappointing growth and volatility could be the 'new normal' for charities, prolonging the challenging fundraising climate, and further shocks cannot be ruled out.

Politicking around the tax treaties

Switzerland could declare in the words of Voltaire, "Lord, protect me from my friends; I can take care of my enemies."

Young Asian Entrepreneur seeks ePrivate Bank for modern, interactive relationship...

Private banks are known for their traditional, conservative ethos and European private banks in particular have always trumpeted their long and proud histories - old fashioned client service, together with the warm fuzzy feeling that comes from knowing yo

Investec/de Broë investment processes to merge by September

Investec Wealth & Investment is to integrate its investment process with that of Williams de Broë (WdB) by September, Wealth Manager can reveal.

Fact File: The Super-Rich

The combined wealth of the richest 1,000 people in the UK rose 4.7 per cent last year, surpassing a previous high set before the 2008 financial crisis. The result is a new global elite, living lives of luxury and privilege the rest of us can hardly fathom

City gender pay gap hits 21pc

Women working in the City earn 21pc less than their male counterparts, new figures on the gender pay gap show.

Louis Vuitton Tops Hermes as World’s Most Valuable Luxury Brand

Louis Vuitton, the French maker of laminated canvas handbags, was named the world’s most valuable luxury brand for a seventh consecutive year.

HSBC postpones plans to leave UK 'indefinitely’

Stuart Gulliver, HSBC’s chief executive, has said the bank had decided to drop “indefinitely” plans to look at moving its headquarters from London to Hong Kong.

Wells Fargo plans asset-management expansion abroad

Chief Executive Officer John Stumpf, 58, is plowing resources into businesses such as asset management as new global bank regulations and record-low interes

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.

Wealth and Asset Management