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

BNY Mellon secures sub-custody mandate

Our long track-record as a global custodian and administrator means we are ideally positioned to help Multrees to meet its strategic goals

Asset managers plan to raise standards

Customers have become more sceptical about the service provided by active fund managers since the financial crisis, as investment performance has often failed to live up to what was promised, but fees have remained high and hidden in commissions.

Two blue-chip companies drop UBS as their corporate broking adviser

UBS Group AG, Switzerland's biggest bank, has lost two more blue-chip corporate broking clients

Hacker posts client e-mails from Swiss bank BCGE

A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve divulged confidential client information after the Swiss bank failed to meet demands for payment.

Banking bonuses set to disappoint in City and on Wall Street

Bankers on both sides of the Atlantic are fighting over a diminished bonus pool this year, according to executives.

Beaches, babes and boundless riches are yours for the taking

or maybe they turn out to be nightmares.

FF&P posts 39% profit fall pre-Stonehage merger

The Stonehage-Fleming merger will create the biggest independent multi-family office in Europe, with more than £27 billion in assets and combined revenues of $160 million.

The New Model Adviser® 2015 award winners revealed

Bloomsbury Wealth won the New Model Adviser® award for Greater London for the second year in a row.

Pershing’s portfolios put focus on innovation

A subsidiary of BNY Mellon, Pershing offers valuation reports that will now include a personalised colour-coded booklet presenting information on portfolio breakdown, top contributors and transaction history.

Private client firm offers investment service to HNW

Some financial advisers have clients with more than £250,000 to invest

Lloyds’ wealth head on the importance of multi-channel

Lloyds’ Sarah Deaves has built a strong reputation for leading financial institutions through periods of major change, a skillset well suited to the current climate.

Private banking: Suitors for Coutts

Coutts International has plenty of attractive assets to offer its many possible new owners. Julius Baer looks the best fit.

JOHCM's Rochussen nets £5.8 million as profits surge 88%

The asset manager was particularly active in 2014 undertaking a raft of fund launches, including US Small and Mid Cap equity and Japan Dividend Growth.

Credit Suisse says Milan offices searched by Italian tax police

Credit Suisse said its offices in Milan were searched by Italian tax police last month, following media reports of an investigation into whether a Bermuda subsidiary of the bank helped wealthy Italians hide undeclared funds.

Standard Life Wealth expands MPS after Newton integration

It sits alongside SLW’s existing Target Return MPS, which aims to deliver specific returns above Libor with lower volatility than equities through complex investment techniques.

Credit Suisse’s UK arm considers switch to Ireland

“We think there could be significant benefits to clients in creating new state-of-the-art platforms in Dublin.”

Bill Gross and Julie Dean's former funds hit by major outflows

Funds formerly managed by star managers Julie Dean and Bill Gross have been hit by outflows after those managers moved on.

Gold a needed portfolio diversifier as central banks head in opposite directions

The European Central Bank, the Bank of Japan and the People’s Bank of China are all moving toward more accommodative policies as growth slows and deflationary risks emerge, he noted.

GAM merges A-rated Love's EM equity fund into new strategy

Swiss asset management group GAM has opted to merge its emerging market equity fund run by Citywire A-rated manager Tim Love into a newly-launched fund overseen by Julius Baer. The GAM Star Emerging Equity, a Dublin-domiciled fund launched in March 2012

Investec Joins Race For RBS' Coutts Arm

Coutts International is expected to change hands during the course of 2015,

Wealth and Asset Management