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

Aberdeen Asset Management client inflows slow

Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.

Mirabaud launches fund for former BlackRock star

Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.

Sesame begins roll-out of IRESS advice platform

IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.

Rothschild Anoints Alexandre Heir As Family Cements Reign

Today, as the firm undergoes a generational shift to younger bankers, he’s being groomed to run Rothschild and succeed his 69-year-old father, David, within five years, according to three people with direct knowledge of the plan.

Walker Crips sees group net revenue decrease 5%‎

Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.

Pritchards boost helps WH Ireland assets hit £1.5 billion ‎

In the half year ending 31 May 2012, WH Ireland made a profit before tax of £0.2 million and an adjusted profit before tax of £0.5 million on turnover that increased by 10.4% to £12.6 million.

Temasek, SE investors set to invest in major European bank

The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.

How Thomas Miller Investment plans to crack wealth management

His comments come as the firm launches into the onshore market, with Balfour and Adam & Company’s former head of investment management Harry Morgan (pictured) and investment director Andrew Herberts at its helm.

HNWIs across Europe say eurozone will survive: J P Morgan study

The survey also asked for their outlook on the best performing sector of 2012.

Top lender setting up in-house private bank in Europe, fast-growing countries

The in-house private bank currently has a little over US$100 billion in assets and about US$50 billion in deposits, he said.

Forcing the Rich to Bail Out Europe

The idea, first floated by a German economic policy group, calls for imposing a 10 percent tax on the wealth of the richest Europeans and forcing them to lend money to their governments.

Coutts again adds to growing Asia adviser team

Coutts said, leading a team of specialists, he will consult with clients on the design of bespoke investment strategies and solutions.

National IFA acquires Barker Poland corporate arm

Barker underwent a restructure in December 2009 in a move which saw its private client wealth management business transferred to newly created Barker Poland Asset Management.

City Diary: How charming - Barclays bankers party with strippers and massage girls

Despite Libor-mania, rogue trading and mis-selling scandals, our pin-stripped - sorry, striped - friends partied until 6am at the Square Mile’s 7th summer party at McQueen’s in Shoreditch.

Credit Suisse Q2 Pre-tax Profit Down

Private Banking with 2Q12 net revenues of CHF 2,704 million and pre-tax income of CHF 775 million

The health of the global private banking industry - Research

Scorpio Partnership’s annual Private Banking Benchmark of the global wealth management industry released today shows international providers weathered the storms of 2011 more successfully than smaller players.

Investment Quorum’ is Private Client Practitioner 'Top 25 IFA' for third year in a row

Investment Quorum’ has been assessed by leading wealth management data and analysis group ‘PAM Insight’ as one of Private Client Practitioner’s ‘Top 25 IFA Companies 2012’.

New Issue of Philanthropy Management

Government taxation of charities tends to reduce the philanthropic sector's ability to address social needs that are often not covered by government, according to Richard Schwartz, Philanthropy Management's editor. "This calls into question

Banca Mediolanum outlines benefits of selling asset management business

Fully owned by its founding shareholders Mediobanca and Banca Mediolanum, two giants in the Italian financial services industry, Banca Esperia is a boutique specialised in wealth management, with assets around €13.5bn.

Midas Balanced Growth Fund removal from the Wealth 150

Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.

Wealth and Asset Management