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

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”.

How the Grosvenor property empire spread across the world

Owned by Gerald Grosvenor, the 6th Duke of Westminster and Britain’s wealthiest man, the group has three arms: the property and fund management business; an industrial division made up of food and energy investments; and the family office, comprisin

What the Kleinwort buy will mean for SocGen

The planned merger follows SGPB Hambros’ buys of Barings’ private client arm and ABN Amro’s private banking division in recent years, which Barnett classifies as bolt-on acquisitions.

Lombard International Assurance introduces the Wealth Passport

Axel Hörger, CEO Europe, added: “We are excited to launch this solution which, against a backdrop of growing regulatory complexity, is tailored to meet the specific planning needs of US expats and prospective US residents currently in the UK.&

UBS considers acquisitions to expand wealth management in Europe

UBS, the world's biggest private bank, sees growth potential in Europe because the wealth management market is still very fragmented with the biggest banks rarely holding more than a 7 percent share in a particular country.

Choice Option Launches One-of-a-Kind Wealth Management Firm

These skills and expertise are some of the mastery that traders at Choice Option will provide for clients as the company prepares to open for business.

Charles Stanley closes two branches in consolidation push

Duncan Graham, head of the Newbury office, will move over to Charles Stanley’s Oxford office.

Former Barclays Chief Bob Diamond eyes Barclays Africa assets

Bob Diamond, the forceful former Barclays chief executive, is approaching investors to back a takeover bid for a swath of the UK bank’s African empire that he helped to construct.ccc

Edmond de Rothschild in Geneva Targeted by French Criminal Probe

The company has no further comment at this time, according to the statement.

Wealth managers’ push for scale triggers M&A surge

Scorpio reports that M&A activity saw $410bn of assets transferred in 2015, compared with $460bn the year before. However, both figures pale in comparison to the $780bn that changed hands in 2013, generated by 100 deals.

Vanguard and 7IM to launch D2C platforms

The direct-to-consumer sector is set to take centre stage as Seven Investment Management 7IM and Vanguard Asset Management both enter this space in the coming months.

Wealth and Asset Management