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

STEP Private Client Awards 2014/15

Sir Michael Birt QC was honoured with the prestigious Lifetime Achievement Award

‘The Zebra no longer has a thorn in its foot’ – Kosseff

The bank will face stiff competition in the UK, both from the private banking units within large High Street institutions, such as Barclays and HSBC, as well as established private banks like Coutts.

IFA criticises shift to high net worth clients

Financial advisory firms who have been focusing on high net worth individuals to maintain profits since the Retail Distribution Review have been branded “short sighted” by Craig Palfrey, partner at Penguin Wealth.

Efforts to tempt wealthy individuals to island increased

Guernsey is following in Jersey's footsteps with a campaign to attract wealthy people and their businesses to the island.

Goldman and UBS miss out on Anglo's pot of gold

Goldman Sachs, UBS and Rothschild could have missed out on up to $25 million in fees after the proposed spin-off of AngloGold Ashanti fell through less than a week after being announced.

Swiss Banker Urges Better Access to European Market

Switzerland should strike accords with European governments to secure better access for the country’s asset and wealth managers to clients in their major markets, according to the Swiss Bankers Association.

Cass Business School strengthens ties between UAE and South African Bankers

This is the fourth time they have hosted the BANKSETA delegation, further strengthening the ties between UAE and South Africa's banking community.

Private banks set to benefit from UK account switching

“Seven day-account switching will really come into its own when private banks start offering current accounts for all in 12-36 months’ time to promote early loyalty,” said Mike Davies

Kleinwort Benson launches tailored DFM service for IFAs

“Our approach is to work very closely with a few dozen firms, which enables us to provide high quality service and support to those firms that genuinely want a strategic relationship with their DFM,” he explains.

Safety and security remains the most important factor for private banking clients

The research was conducted by the Leadership Factor, the UK’s leading customer survey specialist, and involved a sample of Nedbank Private Wealth’s high net worth private banking clients.

Indefinite ban for former St James's Place senior partner

As a result, the Financial Conduct Authority has concluded that Carron lacks honesty and integrity, fined him £300,000 and banned him from performing any function related to regulated activities in financial services.

Rothschild hired for women’s fashion retailer sale

Private equity group TowerBrook is pressing ahead with a sale of the fashion retailer

Leigh Harrison: why Brazier and Weldon quit Threadneedle

Threadneedle’s head of equities Leigh Harrison has attributed recent high-profile exits to the managers’ desire to build their own businesses.

Standard Life loans advisers cash to fund acquisitions

It said that the purpose of the funding was not to influence future business or asset flows to Standard Life products.

Financial services failing to connect with younger generation, finds survey

59 per cent of millennials say products are not targeted at them

Key investment calls: inside the minds of nine wealth managers

Currently all asset classes and geographies appear fairly or fully valued and there is broad consensus the European Central Bank will begin quantitative easing to fend off deflationary pressures.

AFH Financial takes over Hindsight

AFH Financial Group has added £13m to totsal funds under management through the acquisition of the assets of Northampton-based Hindsight Financial Services

UBS chairman says smaller banks to merge, large banks already too big

Swiss bank UBS's chairman Axel Weber expects mergers among smaller banks in Europe, mainly in the retail sector, while larger lenders were less likely to join up due to regulatory concerns.

British Bank Tries To Rein In Its Horrible Jerk Bankers A Bit

Barclays may start cutting pay to punish senior bankers who bully their underlings.

7IM’s Urquhart-Stewart takes to pro-union campaign to warn against independence

Seven Investment Management co-founder Justin Urquhart-Stewart has warned of a “viscous and declining” economic cycle emerging in an independent Scotland on pro-union campaign Vote No Borders.

Wealth and Asset Management