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

Walker Crips eyes further growth as assets jump 33%

Walker Crips Group is continuing to pursue its growth agenda after a successful last quarter of 2013, with assets under management jumping by 33% over the year.

Barclays to axe up to 12,000 jobs

Bank says redundancies would include 820 senior managers as part of what the lender described as a "streamlining" programme

BNP Paribas Wealth Management publishes Philanthropy Index by Forbes Insights

BNP Paribas Wealth Management today publishes the second edition of its Individual Philanthropy Index, which measures and reflects the commitment of philanthropists in four regions – Europe, Asia, the Middle East and for the first time, the United

Xcap rebrands to reflect the name of its wealth management division

‘This name change is part of the repositioning strategy adopted by the board last year and reflects the significant changes that have been made to the business over the past 12 months.

EFGAM poaches Swiss equity chief for new fund launch

Swiss equity specialist Urs Beck has joined EFG Asset Management to oversee the launch of a dedicated fund focused on the country’s domestic equity market.

Societe Generale Private Banking named “best private bank in Europe for structured products” for the 10th consecutive year

Societe Generale Private Banking has been named "Best Private Bank in Western Europe for Structured Products" by Euromoney* magazine for the 10th year running.

Global players reinforce leadership in wealth management as costs rise - Euromoney Research

Higher regulatory costs and lower margins have played into the hands of the global private banks that have been able to weather the storm better than their smaller peers.

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.

Wealth and Asset Management