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

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.”

Brexit Unlikely To Impact Outsourced AIFM Model For UK AIFs

There are significant reporting obligations under Annex IV and regulatory capital considerations, whilst risk management is far broader in scope, extending into every facet of a fund manager's operations.

Succession Buys Scottish IFA For £2.5m

The consolidator has bought Hamilton-based Caledonia Financial Planning for a total consideration of £2.5m.

St James's Place Moves To Bid Pricing On UK Property Fund

The firm made the change to its SJP Property fund on Wednesday, a spokeswoman for the company said in emailed comments on Friday.

National IFA gets multi-million boost from Clydesdale Bank to fund acquisitions

The national advice firm acquired London-based PFP Group and Managed Wealth last year and now plans to continue growing.

Schroders launches first long/short Pan Asian equity fund on GAIA platform

The fund will be managed by the investment team at Indus Capital, led by Sheldon Kasowitz, CFA, Managing Partner and co-founder of Indus Capital.

Swiss private bank partners with Italian boutique

This will build on the experience and the international presence of the Sturdza group.

One of UK’s top wealth management firms aims to benefit from Brexit vote

The firm said it racked up a record number of new client wins.

Yearsley's Wealthclub Expands Team as Firm Gains FCA Approval

The business was set up by Yearsley, formerly head of research at Charles Stanley Direct, and ex-Hargreaves Lansdown pensions expert Alex Davies earlier this year.

Wealth and Asset Management