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

European Central Bank keeps policy on hold as economy grows

The end of the stimulus will eventually have wide-ranging effects for many people.

STM moves Gibraltar HQ to UK amid ‘exceptional circumstances’

Cross border financial services provider STM Group has confirmed it is moving its headquarters from Gibraltar to the UK this month.

Marital Asset Recovery: 'Wealth Managers' Assist Unscrupulous Men in Defrauding Their Wives

Wealthy men are cheating on their wives—with their accountants and lawyers.

Gordon Dadds announces takeover of Bristol solicitors firm

Metcalfes is a firm of general practice solicitors based in Bristol.

Former Russian banker detained in Monaco over $8.8 million fraud

The investigation into the criminal case established the involvement of the defendants in several similar acts.

AIMA publishes GDPR implementation guide

The AIMA Guide summarises the GDPR framework in the context of alternative investment management firms and funds and looks at how new rules differ from the existing Directive.

Obligation to revalue UK residential property held as at 1 April 2017- SMP Partners

Assuming that the property was owned as at 1 April 2012 and that there were no substantial changes to the property interest after 1 April 2012.

UK to broaden access to financial ombud in wake of bank scandals

Without access to the free FOS resolution service, a business would have to take a bank to court, a costly and time-consuming process.

French manager calls out ‘cheeky’ rivals over Mifid II research rules

Firms have to declare whether they pass these costs to their clients or pay out of their own pockets for it.

Ex-Barclays executive challenges FCA censure

Former banker was secretly recorded saying he had destroyed a key report

Ex-Credit Suisse Banker Spent Hidden Million on Wife's Jewelry

One cannot help but be struck by those numbers,” Jeanneret said.

Prudential insurance was unnamed victim of HSBC's currency rigging settlement

HSBC admitted that its traders misused confidential information

Asset managers under fire as impact of transaction costs revealed post-MiFID II

MiFID II requires investment managers to disclose additional transaction costs that are charged to their funds, on top of the established ongoing charges figure.

Jersey banking law gets SEPA update

Jersey first became a member of the SEPA in 2015, when legislation was passed enabling payments in Euros to be made by Jersey banks direct to and from other member banks.

International law firm launches client solutions brand

Bird & Bird is well known for its high standard of client service

Offshore UK property owners to be listed by 2021

Over 75% of properties currently under investigation use offshore corporate secrecy

Ukrainian media report Malta placed on list of offshore zones, Finance Ministry not informed

Malta's controversial Citizenship-by-Investment scheme, which is set to be extended, has received much interest from wealthy Russian tycoons.

Merkel, Macron Join Forces on Regulating Cryptos

Both were in the city of lights to work on a joint declaration for a new Franco-German Elysée Treaty.

Credit Suisse Plans Low Bonus Pool Increase for 2017

The bank is entering a final year of restructuring to focus on wealth management and investment-banking advisory services, reducing its reliance on trading-related businesses.

Drafting limited partnership agreements under Luxembourg law - Ogier

The position under Luxembourg law is particularly straightforward as the Civil Code starts from the policy presumption that commercially negotiated contract terms are enforceable.

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