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

Legal costs hold back Credit Suisse profits

Profits at Swiss bank Credit Suisse have been held back by the cost of fighting legal battles with the US.

Private banking: Rise of the CIO

Wealth managers know they have to provide more to clients than a safe place to deposit money and a close relationship with families and individuals.

Role of family offices in preserving & protecting private collections - RESEARCH

Many ultra-high net worth families are art lovers, own collections or actively buy and sell in the art market.

Hargreaves Lansdown reaps new customers from Royal Mail IPO

In a trading statement on Wednesday, the company said 77,000 new clients signed up to its investment services, of whom 27,000 joined to invest in the postal service.

BNP Paribas Rescue & Recover Fund marks its first anniversary

The BNP Paribas Rescue & Recover Fund marks its first anniversary. The Fund's founding members and partner NGOs are delighted at what has been achieved: a total of over EUR 750,000 collected and donated to date.

European wealth managed by 3.2 firms on average

This is the first of four papers that will be released during the year, each analysing a phase of the wealth management customer journey.

Close Brothers unveils its new self-directed platform pricing

Close Brothers Asset Management has announced its new pricing for self-directed private clients using its platform. This will be implemented from 10th March 2014, and clients have been notified.

Investec joins FEIFA programme

Investec Asset Management has joined FEIFA’s partnership programme‚ bringing the number of companies on the programme to more than 50.

Barclays chief Antony Jenkins turns down bonus but gets £4m in shares

Jenkins waives annual bonus for 2013 – as he did in 2012 – but stands to receive deferred bonus of 1.9m shares next month

Exeter wealth manager targets aggressive adviser expansion

Hawksmoor Investment Management is targeting an aggressive expansion into the financial adviser arena with its redesigned bespoke discretionary management service.

Societe Generale Private Banking launches its new private bank in France

Societe Generale is radically developing its private banking relationship model in France and extending its offer to a larger number of clients.

Charles Stanley Direct waives HNW fee

Charles Stanley Direct is to waive fees for six months on new investments of £500,000 or more.

Asian ultra-high net worth individuals flock to invest in Monaco

Asia owns 24% of the total world private wealth with nearly one third of it held in real estate, mostly in international properties. With rising profits, Asian high net worth individuals (HNWI) have developed an appetite for trophy homes in Monaco.

Anglo wealth arm sale postponed

A number of well-known wealthy individuals have taken proceedings against IBRC Assurance in relation to badly performing investments.

Europe’s largest bank Said to Plan Sale of Swiss Private Banking Assets

The bank has attracted scrutiny from governments over its operations in low-tax jurisdiction

Ascot Wealth Management VouchedFor As The Best In Berkshire

User review and rating system, although prevalent across sectors like travel, food and lifestyle, is only just making its presence felt in the medicine, financial and legal world.

Former F&C CEO Grisay passes away

I was shocked and saddened to learn that Alain Grisay had passed away

Vestra management reshuffle pays off with £1bn inflow

Growth is expected to come from a focus on ultra-high net worth clients, intermediaries and its US division, which provides a range of wealth management services to clients with ties to America.

London-based wealth manager 'first UK wealth manager to achieve ‘B Corp’ certification'

The London-based wealth manager that specialises in looking after American expatriates‚ has been awarded “B Corporation” certification‚ the first such company in the UK to receive this relatively-new ac

one Star hires Rothschild and Bank of America Merrill Lynch as advisor

Lone Star, IKB, Rothschild and Bank of America Merrill Lynch declined to comment.

Wealth and Asset Management