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

New Generation Of Investors Will Redefine The Asset Management Industry

ALFI and Deloitte have identified in their latest report new approaches towards investment and the implications these will have on the asset management industry.

Barings Unveils Rebranded Global Equity Fund

The team rebranded the Global Select fund to the Global Leaders fund in January and is now looking for companies showing “industry excellence, superior returns and a long growth path” with no size or geography limitations.

Ascot Lloyd caters for UHNW demand with new Private Office

We have the advantage over private banks in that we act as an independent financial concierge.

‘Fortuitous’ Close Bros Equity Allocation Pays Off

Nancy Curtin, chief investment officer at Close Brothers Asset Management, said the fund came into 2016 slightly on the defensive, but still with enough exposure to risk assets to generate returns.

JTC Client Bucks Brexit Trend with Major London Real Estate Transaction

JTC’s client, City Pride Limited, invests in prime London real estate and the specific project relates to the Landmark Pinnacle, which is arguably the tallest consented residential tower in Europe.

Geneva boutique in UK expansion push

Unigestion’s prestigious range of UK clients includes Railpen, the Merseyside Pension Fund and the London Borough of Hammersmith and Fulham.

Aberdeen Asset Management lifts property fund suspension

The direct property portfolio invests in 79 UK properties across retail, industrial, office and other sectors.

Independent fund management group acquires European income fund management business

Liontrust's assets under management as at close of business on 8 July was £5,338 million.

Credit Suisse scales back private banking in Russia

The service was used only by a few Russian clients, according to a source close to the bank as cited by Forbes. Credit Suisse has received no complaints about the change.

Mersey wealth firms to manage £350m of funds after merger

Gee and Watson has acquired McEwan Wallace Wealth Management to create Wirral’s largest firm of independent financial advisers

Asset managers join PFS in promoting women's charter

Several asset managers have also put their names to the charter, including Aberdeen Asset Management and BlackRock.

UBS France says former employee admits guilt in tax fraud probe

A source close to the investigation said the prosecutor had sought a plea-bargaining deal with the former employee.

UBS chief says Swiss government is leaving banks exposed

This is unacceptable and opens the door for a new offensive against Swiss banks.

Asset managers have worst year since financial crisis

BCG put the lack of growth down to slow net flows and the negative and turbulent performance of global financial markets.

Lloyds eyes fresh job cuts as savings programme speeds up

The move would add to the 9,000 job losses and 200 branch closures already in the pipeline.

UBS Asset Management Wins Mandate For ZIREF From Zurich Investments Life

Being awarded this mandate builds up the achievements of UBS Asset Management, which has been engaged in the Italian real estate market for 12 years and with a dedicated platform established in 2015.

Aberdeen Asset Management Extends Property Funds Suspension

So far, six commercial property funds have slammed the gates shut on investor redemptions, citing the too-rapid pace of withdrawal requests compared with their ability to sell underlying assets to get the cash needed.

Singapore, Hong Kong, London and Zurich to Form Powerful Alliance

The professional body, seeing an opportunity in the current U.K. political turmoil, is proposing clubbing together with other top non-European Union financial centres to more closely align efforts to ensure access to EU markets.

Schroder Real Estate Confident Post-Brexit As It Secures New Lettings

The trust said it has signed a seven-year lease with solicitors Irwin Mitchell for more than 39,000 square feet at the Riverside West office complex in Sheffield.

UBS Advises Super-Rich to Buy European Dividend Futures: Chart

The contracts are undervalued, even after paring some losses following a “very sharp sell off post-Brexit.”

Wealth and Asset Management