Managers of Wealth Europe

Liechtenstein Has ‘Long Way’ to Shed Tax Image, Bank Chief Says

Liechtenstein started to unwind secrecy after data stolen from LGT Group, the bank owned by the royal family, was used by Germany to prosecute tax evaders in 2008.

Butterfield Private Bank head and CIO step down

The reasons for their departures are not yet known, although speculation is mounting over the future of the London office and whether a restructure could be in the offing.

Dresdner bonus culture exposed

One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.

True Potential wants 200 advisers by end of 2012

Advisers who join the firm will be known as partners and awarded shares in the firm based on the amount of assets they place on the True Potential Wealth Platform.

Five firms recruited for Succession’s wealth arm

Succession could seek an initial public offering or private equity investment once it reaches its target of £7bn funds under influence, its chief executive has said.

Bridgepoint acquires Morgan Stanley's wealth business

Quilter operates with customers who have at least £200,000 (€240,000) in assets, and it has 26,000 clients in Britain and Ireland.

Billionaires occupying Davos as richest 0.01% bemoan inequality of incomes

half-dozen of the richest participants, interviewed in advance of the conference, say economic disparity needs to be addressed.

Old Mutual wealth management in Europe

The insurer yesterday said it would create a single wealth management unit in Europe, which analysts suggested would improve efficiency, while sharpening its focus on expanding revenue.

From beer to banque privée

Quilvest Group was originally set up as an independent adviser to support the Bemberg family in the management of its estate in France.

The UK Wealth Management industry employs 12.5% of the financial services community- Research

This is according to the research findings commissioned by a grouping of wealth management companies seeking to determine the value of the total industry.

Charles Stanley to take on more staff as it preserves clients’ portfolios

Charles Stanley plans to hire more staff in Leeds, despite the downturn in financial markets.

Vestra out of the red with landmark £2m profit

Turnover increased by £5.6 million to £16 million over the period, while partners invested £2.2 million back into the business.

London Bankers Stay Put as Bonuses Wane

The beginning of the year is usually a busy time for bankers and recruiters as many staff members wait to get their bonuses before setting off to a rival.

Barclays to grow wealth management business

Barclays has earmarked its wealth management business for growth during 2012, according to chief executive Bob Diamond.

Brooks Macdonald calls for more ‘clean fee’ shares

Mr Spencer said the high fees on some retail funds made incorporating them into its multi-manager range too expensive, since the fees would be compounded with Brooks Macdonald’s management charges.

Bonham Carter: Industry must get back to basics

He says the lesson the industry should learn from the sovereign debt crisis is that there are no risk-free assets and that the resilient business models are often large-cap equities, with strong balance sheets and where the dividend payout and dividends i

Wealth and Asset Management