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

EFG International reports significant improvement in performance in 2012

Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.

The Number’s Up For European Tax Evasion

The proposals were revealed by the European Commission

Standard Life Wealth acquires Newton's private client division

The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.

Barclays Imposes £450m Libor Bonus Hit

The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.

Nucleus launches trusts to cater to family office trend

Firms were increasingly looking at on-platform solutions to carry out inheritance and family office planning, Nucleus said.

Rathbones IM continues regional expansion

This new hub complements Rathbones’ established presence in Winchester and brings its total number of branches to 14 across the UK and Channel Islands.

Two prestigious awards for Nedbank Private Wealth

The awards presented recently to Nedbank Private Wealth were an outright win of the category Best Private Bank for High Net Worth Clients US$1m to US$10m, and an equal first for Relationship Management, both for the Jersey region, under the Global Award C

Nick Travis and Kevin O’Shea named in Citywire Wealth Manager’s Top 30 under 30

The entrants are decided on a combined basis of academic success, professional qualifications, and the impact they have had on the business they work for.

Swiss private bank opens London office

“It fits very much within our strategy of chasing global entrepreneurs,”

Sterling McCall moves £70m to Novia

Sterling McCall director Steve Moseley said that cost, functionality and usability dictated the platform switch.

Nearly 60% of advisers will outsource to DFMs - research

"The research shows that RDR has been a tipping point in the use of DFMs among advisers as the challenges of operating successfully in a new environment bring the benefits into sharp relief."

Sanlam acquires two more IFA businesses

Sanlam Private Wealth has acquired two new IFA businesses for an undisclosed sum

Rathbones brings in deputy CEO as assets reach £18bn

Profit falls at private client and investment manager as £1m FSCS bill hits.

Exclusive jewellery boxes by world renowned designers available for charity

‘The Prince’s Foundation for Children & the Arts’ and ‘Holts Academy’ supported by Coutts

Global Equities Appointment - St. James's Place Wealth Management

Initial amount of approximately £2 billion and is expected to be funded within the next week.

Barclays links with Aegon and Zurich to launch workplace platform

The proposition will give access to Barclays Wealth & Investment Management funds

Lib Dem Wealth Tax Crackdown On Heirlooms

Families could be forced to pay a tax on heirlooms including jewellery and paintings under the Liberal Democrat scheme.

Saxo Bank stamps footprint on Middle East's wealth business

Private wealth in the region took a beating during the financial crisis, as the Arabian Gulf's property crash and a collapse in equity markets hammered assets.

European private banking group launches new UK merchant bank

The group has gained FSA approval to launch a UK-focused private merchant bank, targeting companies, family offices and wealthy individuals.

WH Ireland Buys Former Seymour Pierce Wealth Management Unit

The consideration of £25,000 was paid by WH Ireland in cash on completion of the Transaction.

Wealth and Asset Management