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

Rock and GAM enter into commitment letter for the proposed rights issue

The proposed rights issue of up to CHF 100 million will be offered to all existing shareholders.

Availability of conversion capital for UBS Group AG Additional Tier 1 instruments issued since November 2023

As a result, as from such date, these instruments are subject to equity conversion (and no longer subject to write-down) upon the occurrence of a trigger event or a viability event.

J.P. Morgan Asset Management launches short-term EUR denominated fund

The fund will invest in short-term euro-denominated government or government-backed debt securities

ZEDRA confirms completion of fiduciary services business from AlTi Tiedemann Global

LJ Fiduciary and APO will shortly be rebranded and merged into the existing ZEDRA Group.

ZEDRA announces streamlined Escrow Solution for Pension Schemes of all sizes

The introduction of the solution comes following the reduction of the tax rate on surplus, from 35% to 25%.

LGT Wealth Management moves to new Edinburgh HQ and announces senior hire

Private banking and asset management group heads to Capital Square

Iress sells portfolio management software as it streamlines UK operations

Pulse, which was purchased by Iress in 2015, provides portfolio management services to UK private asset managers working with clients on a discretionary basis.

UBS ponders dealmaker bonuses for funnelling clients to wealth unit

The Swiss bank is looking to close the gap on US private banking rivals

Wealth managers uncertain over inflation path for this year

Wealth managers have their own forecasts over inflation trends for this year.

SJP takes 20% stake in partner firm’s group

The wealth giant has bought into Cooper Associates Group, parent company of partner firm Cooper Associates Wealth Management.

Schroders files application to launch wealth LTAF

The new strategy will have a lower investment minimum that will allow wealthy clients with smaller portfolios to access private equity.

Achieving scale in wealth management through innovative technology automation

Assets under management in the global wealth management market are expected to grow to £118 trillion in 2027

Weatherbys Banking Group reports doubled pre-tax profits in 2023

The group’s return on equity increased to 34.2%, and the net interest margin rose to 4.82%.

Investec W&I suffers £600m net outflows following investment manager departures

Offset Rathbones’ positive wealth management inflows over the quarter

Rathbones Group Plc First quarter trading update

Rathbones discretionary and managed net inflows for the quarter totalled £0.4 billion (Q1 2023: £0.4 billion).

UBP House View - May 2024

The longer-than-expected disinflationary process and increasing tensions in the Middle East undermined the equity and bond markets in April.

CA Indosuez Switzerland: Lower assets despite inflows of new money

This is partly due to negative market effects, but above all to outflows of 1.8 billion francs in International Trade & Transaction Banking

UBS Struggles with Corporate Clients

Credit Suisse was the undisputed leader in corporate client business.

Lombard Odier in Brazil: why we are aiming for growth without acquisitions

This was the case with Credit Suisse, now owned by UBS, and the Julius Baer Family Office.

Deutsche Bank’s DWS inflated client asset inflows by billions of euros

Frankfurt-listed asset manager included low-fee advisory assets in its calculations for years

Wealth and Asset Management