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

Interim management statement for the first four months of 2024

This resulted in net profit for the first four months of 2024 that is 50 per cent lower compared with the previous-year period.

UBS: Does Iqbal Khan have to bake smaller rolls?

The major Swiss bank UBS is apparently considering putting investment bank boss Rob Karofsky at the head of its entire US business.

New CEO and chair buy majority stake in Ticino IAM

Taurus Asset Management has also moved into a larger office in Lugano.

Lombard Odier celebrates 20 years in Belgium and opens an office in Antwerp

Lombard Odier supports entrepreneurs and their families from generation to generation with a comprehensive and tailored approach to wealth management, wealth planning and asset management.

Crookall chooses Objectway as a strategic partner for digital transformation and market expansion

The independent investment firm has maximised its long- standing partnership with Objectway to grow and digitise its business, scaling up operational efficiency, service offering and client experience.

PE-backed MKC Wealth snaps up two advice firms

Two client support staff have joined MKC Wealth’s London office in an administrative capacity as a result of the deal with Gibson Lamb.

UBS Revamps Leadership of Asset Management Unit

The memo offers an indication of the Swiss bank plans for its asset management unit, following earlier changes at its wealth management and investment bank divisions.

The existential threat at the heart of Britain's biggest wealth manager

Fees made St James's Place rich but now risk toppling the firm

SEB to launch family office service company in Zurich

The bank also wants to open a representative office in the same building.

Bernie Ecclestone’s ex-wife establishes family office for divorce fortune

Slavica Malic is said to have received more than £700 million from her 2009 divorce settlement

BIL Suisse establishes itself in the profit zone

The Luxembourg state still has a 10 percent stake in the company.

New group structure internationalizes management and strengthens cooperation

Helvetia will adjust the group structure as of July 1, 2024 and strengthen the international dimension of the group.

Swiss Re reports a first-quarter IFRS net income of USD 1.1 billion

This reflects continued underwriting discipline, a strong return on investments and effective management of operating expenses.

Investors and wealth managers turn attentions to yields

Up to 74% expect allocations to fixed-income assets to rise over the same period, with 22% predicting a dramatic increase in allocations.

UBS asset management leadership gets a refresh

The unit is undergoing streamlining, cost reductions.

IQ-EQ France supports Milleis Banque on its first retained securitisation transaction

Milleis Banque stands as the third-largest independent entity in French wealth management, catering to nearly 60,000 families and overseeing €13 billion of assets.

GKB sells minority stake in Twelve Capital Holding AG

The investment manager will increasingly focus internationally in the future.

Kaiser Partner Privatbank is increasing the pace

The assets under management increased from 5.3 billion francs in the previous year to 5.7 billion francs.

BLKB strengthens the investment business

In order to further expand its market share in the indifferent business, BLKB will create the new Wealth Management division on October 1, 2024.

DFMs face big challenge as real returns slump to 2016 levels

ARC finds that the typical client at a wealth manager would effectively have lost 15% of their wealth since a peak in 2021.

Wealth and Asset Management