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

NEWS ANALYSIS: No sacred cows as Old Mutual splits structure

This reflects how financial services have changed since 1999, when Old Mutual demutualised, moving its head office to London and locating its primary listing there.

Fund manager migration to Jersey highlighted as exciting trend at annual conference

Shifts in regulation and changes in attitudes towards reputation are prompting a rise in the inward migration of alternative fund managers to Jersey, delegates at a major annual funds conference have heard.

Hawksford shortlisted twice in Citywealth’s Magic Circle Awards

The winners will be announced at a ceremony hosted by comedian Rory Bremner in London on 12th May.

JTC Malta awarded trustee licence

Having been granted Company Service Provider registration by the regulator early last year, this second licence for JTC Malta means that it is now authorised to provide and perform a wider range of services and reflects Malta’s position as a growing

Old Mutual confirms separation of wealth arm

Old Mutual Wealth increased funds under management by 27% to £104.4 billion, according to its full year results to the end of 2015.

Wealth management group to float on Aim market

It said most of the proceeds will be used to fund further acquisitions and for small infrastructure costs.

Asset Risk Consultants signs Smith & Williamson Ireland

The Private Client Indices are a peer group comparison tool designed to provide insight in to the actual returns generated by private client investment managers.

Capgemini Brings the Power of Salesforce Financial Services Cloud to Wealth Management Clients Worldwide

New cloud-based Financial Services offering provides fully integrated capabilities for improving wealth manager productivity and firm-wide agility

St. James’s Place – The UK pension savings rate remains a major structural weakness

Despite George Osborne reportedly postponing pension tax reforms at the forthcoming Budget, the UK pension savings rate remains a major structural weakness and commentators believe individuals can ill-afford to pass up the tax-efficient savings opportunit

When choosing a wealth manager, the personal touch is best

When Google’s European chief Matt Brittin was being grilled by politicians in London last month over the search engine giant’s tax arrangements, he caused uproar by admitting he did not know how much he was paid.

Rothschild & Co announces acquisition of L&Co

Frank Demoen and Yves Vervaet will join Rothschild as managing directors

Withhold bankers' bonuses for a decade, says Barclays man

Move would give managers a longer-term view of their business, opines new deputy chairman Sir Gerry Grimstone

Ulster Bank and KPMG launch start-up hub in Northern Ireland

Each intake of up to 80 start-ups will be based at the Hatchery for six months, with the “most promising” given the option to continue for another 12.

Wealth boutique launches asset management business and multi-manager range

The all-in fees range from 1.1% to 1.36% and the minimum investment is £1,000 for lump sums or £100 a month for regular savings.

Credit Suisse Wealth-Management Head Has a Tough Task

Iqbal Khan’s mission—revamp a patchwork of disparate businesses—would be a challenge even in good times

Norway Taps Its Oil Money ‘Piggy Bank’ to Cope With Economic Downturn

Norway's government has made its first withdrawal from the country's $826 billion sovereign wealth fund

Old Mutual split could trigger Nedbank sale

Earlier this week, global banking group Barclays announced that it will be selling down its stake in Barclays Africa Group Limited – trading as Absa in South Africa.

Credit Suisse Group: How to Revamp Wealth Management?

Business Finance News highlights the tough time Credit Suisse’s wealth management department is going through and give recommendation on how to improve situation

Old Mutual planning £9bn carve-up of its business

It has a market value of £8.8bn as of Friday’s close.

‘Ambitious’ style pays off for new Schroders chief

One top-20 shareholder warned that Mr Dobson, who has run the £313bn asset manager for the past 14 years, risked becoming a “back seat driver”.

Wealth and Asset Management