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

"30-baggers": why the UK has more than its fair share

There are many “old” economy names among the select group of UK companies which have appreciated in value by 30 times or more.

Deloitte adds 27pilots to start-up and corporate venturing capabilities

With 27pilots part of its portfolio, Deloitte will be able to better serve its base of start-ups and scale-ups with a full range of services, from incubation and growth through to technology, infrastructure and venture capital solutions.

Central banks hike rates again - but for how much longer?

Following interest rate hikes in the US, Europe and the UK, we examine the different economic outlooks the respective central banks are facing.

Swift transition to a weaker dollar

These included far better news, faster than expected, on Chinese growth, receding risks from the natural gas shock on a six to nine-month view and a slowdown in the pace of Fed tightening.

EY’s Advice to Asset Managers Under ‘Acute Financial Pressure’

Everything should be on the table — but it always was, said Mike Lee, the global leader of wealth & asset management at EY.

London’s litigation financiers primed to profit on global downturn, Therium chief says

Litigation funders bankroll lawsuits, on a ‘no-win, no fee’ basis, with a view to taking a cut of any winnings.

Asset and wealth management sector is struggling with digital transformation

This finding is in stark contrast to other industries, where digital transformation and a focus on digital experience as a differentiator has become paramount to customer happiness and business survival.

The FCA and Practitioner Panel joint survey for 2023 launches

The results are presented to the Practitioner Panel and our Board and will be published in summer 2023.

Geopolitical tensions creating challenges for Swiss firms – though high proportion moving into new business areas despite crises

Credit Suisse publishes 2023 SME study on how geopolitical tensions are creating challenges for Swiss firms

ECB behind the rate rise curve as inflation continues to bite

European economies are holding up okay in the face of inflation and rising rates, but the spectre of recession remains ever present in today’s environment.

BoE raises rates again, but green shoots of positivity emerge

It continues to say inflation will drive policy decision, but the data is looking encouraging.

Warning of ‘marked slowdown’ in mortgage lending from Santander UK chief as bank’s profit creeps up two per cent

The bank forecast that net interest margin in 2023 would remain higher than 2022 reflecting further base rate increases.

Hampden & Co’s Jeremy Vaughan: ‘Most private banks aren’t banks at all’

Jeremy Vaughan, managing director of banking, puts the company’s success down to its focus on core banking activity, rather than diversifying into other products.

Advice is ‘too expensive’ and ‘for the wealthy’, Brits claim

44% of Gen-Z savers believe they can source valuable information on social media

UK – Does an iterative approach mean less contractual certainty?

This opens the way for more creative and commercial approaches to contractual interpretation but comes at the cost of contractual certainty. Further details are set out below.

UK gambling with £5.5trn inheritance as more than half don’t have a will

Of those that do have a will, the majority (53%) have not updated it within the last five years, with a further 14% never having updated it at all.

Value’s resurgence: flash in the pan or here to stay?

With investors wondering whether value’s outperformance of the last two years can be sustained, Ben Arnold looks at three key questions at the heart of the debate.

Half of adults believe financial advice is for the wealthy

The survey found that young people between the ages of 18 and 34 were most likely to agree that it should be easy to invest without needing professional financial advice.

Aviva Investors, Invesco, Abrdn to hire in growth areas, shun ‘sweeping’ job cuts

Despite mass layoffs in other sectors, some of the City’s largest asset managers are still selectively hiring

Swiss fund market shrinks 13.7% in 2022

Flows remained muted throughout the year, and by December 31 the industry had seen net outflows of 5 billion Swiss francs.

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