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

DBS completes deal for Societe Generale's Asian private banking wing

With the acquisition, DBS said it now has S$88 billion in high net worth assets under management and S$129 billion in assets under management for all wealth customers.

Banque Havilland acquires Liechtenstein private bank

The acquisition support the strategy of the Banque Havilland , build an international private banking group, which had specialized in high net worth individuals , particularly from regions with high growth potential .

Societe Generale expands its private banking offering in Croatia

Splitska Banka, the subsidiary of the Societe Generale group in Croatia, is expanding its private banking offering for top-tier wealth management clients, supported by the expertise of Societe Generale Private Banking (SGPB).

A Powerful Sovereign Wealth Fund Investment Trend

In September this year, Norway’s sovereign wealth fund, in one giant swoop paid US$ 1.5 billion for minority interests in two Boston properties and the former Citigroup Center in Manhattan.

RBS 'will stop Coutts International buyer using brand'

Royal Bank of Scotland hires Goldman Sachs to find buyer for internation arm of private bank, according to reports

RBS hires Goldman for Coutts International sale

By refusing to give any bidder or joint venture partner rights to the Coutts brand, RBS is likely to put off most private equity investors, unless they already own a private bank to which they could transfer its customers.

The Melting Ice Cube by Toby Birch

As a closet introvert it pains me to put my head above the parapet but there comes a time when someone has to shout that the Emperor has no clothes. Recent data shows that Guernsey’s investment fund industry is shrinking rapidly while our ranking as

Hargreaves Lansdown names bespoke DFM partners

It has carried out due diligence on a number of wealth managers and has formally endorsed the two firms, to which it recommends advisers refer bespoke discretionary asset management clients.

Brewin Dolphin in Manchester pledge

The Manchester office of wealth manager Brewin Dolphin is on target to double funds under management within three years.

UK now main rival to Swiss private banks

Britain’s emergence as the strongest European rival to Switzerland for private banking and wealth management has been highlighted by figures showing that UK assets under management rose 11.4 per cent to £524.4bn last year.

BBA says exclude HNW clients from new LTI cap

The British Bankers’ Association has urged the Bank of England to exclude high-net-worth clients from its new LTI cap.

Old Mutual Wealth's Feeney: Standalone platforms 'no longer viable'

Old Mutual Wealth has sought to expand its presence across the distribution chain over the past year

AES International launches expat mortgage offering for HNW's living and working overseas

The new service is aimed at investors with at least £1m of borrowing requirements, but AES International and Nedbank Private Wealth allow their clients to split this borrowing across property and investment portfolios so the clients can benefit from

Societe Generale Securities Services launches fully integrated Wealth and Investment Management Outsourcing Solution in the UK

To remain competitive, managers are increasingly looking to outsource operational functions, leverage providers to reduce the costs associated with maintaining their back-office systems, and develop web functionalities.

Wealth and Asset Management