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

Trust boards are still failing too often on discount controls say investors

Despite this, 36% of respondents believed there would be a marginal or no impact on the demand for investment trusts as a result of the RDR. Only 11% thought the impact would be ‘considerable’.

Rathbones sees full year 2011 profits jump 30 percent

Pre-tax profits at Rathbone Brothers increased 30pc last year to £39.2m as the wealth manager said it was "cautiously optimistic" for 2012.

Finnish investment bank focuses on wealth

"Evli Bank as a group has been recently refocusing more toward wealth management, and this is also bringing changes to the Baltic opera-tion," says Jolanta Latviene, the new CEO and board chairman of Evli Securities, Evli's Tallinn-based Ba

Wealth-X Holds Commemorative Event to Mark Launch of London Office

Global Intelligence Firm Opens Second Office in Europe as Members Seek Ways to Win More Super Wealthy Clients

IFA acquisition brings Web £20m in funds

The acquisition of another Surrey-based firm adds two more IFAs to Web’s personnel, corporate specialist Stuart Smillie and private client expert James Child.

Norway’s wealth fund wants less of Europe, more of Asia

The fund, which holds nearly 2 per cent of all European shares, also has to adjust to lower real-return expectations and the government must cut back on how much of the oil money it spends if it wants to preserve the fund, Norges Bank, which manages the f

Lloyds Bank strips five directors of more than £1 million in bonuses

Lloyds Banking Group is to strip five directors of more than £1 million in bonuses as a penalty for a financial scandal that cost the taxpayer-backed bank £3.2 billion last year.

Italian tax men blitz the chic in ski resort raids

Italian tax agents donned skis, gloves and goggles to launch an unusual blitz in the chic ski resort of Courmayeur, two months after a similar raid on another playground of the rich, Cortina d'Ampezzo.

Iveagh launches into Northern Ireland

The fund range offers investors access to the investment team who manage the private investment portfolios of key members of the Guinness family office, including Lord Iveagh.

Qatar’s Sovereign Wealth Fund Buys Credit Suisse’s London Office Building

The Daily Telegraph reported last month that the sale-and- leaseback deal was valued at about 330 million pounds ($523 million). The newspaper didn’t cite anyone.

SGPB Hambros restructures wealth planning team and looks to increase headcount

The restructure is aimed at recognising many high net worth clients have an international dimension to their money affairs, while many non-domiciled clients will need help with the UK aspects of their situation.

UK Asset Manager launches discretionary investment service for private clients

The Tailored Portfolio Service being planned is a discretionary fund management service.

Societe Generale chief says trader bonuses will halve after profit fall

France’s second biggest bank, Societe Generale, is to follow the example set yesterday by its larger rival, BNP Paribas, and halve bonuses paid to traders working in its investment banking arm.

SocGen CEO ‘Happy’ With Start to 2012

Societe Generale Chief Executive Frederic Oudea predicted a better 2012 after the French bank reported a worse-than-expected 88.6 percent fall in quarterly profit in the last three months of 2011 on Thursday.

Threesixty raises concerns over adviser platform deals

Threesixty managing director Phil Young says deals that allow advisers to take a cut from the savings they negotiate for clients should be banned.

Rowan Dartington to launch model portfolio service

Rowan Dartington is to launch five risk-rated model portfolios as well as three direct shares and collectives portfolios.

European family offices invest in India

The deal came less than two years after Verlinvest’s first investment in India. In November 2010, the firm acquired a 15% stake in winemaker Sula Wine.

BNP Paribas slashes bonuses as profits halve

The 50pc fall in fourth-quarter profits left the bank's full-year profits 23pc lower at €6.1bn. Revenues fell 3.4pc to €42.4bn.

Falling inflation to keep rates low, yield in demand - Coutts

Annual inflation slowed to a 14-month low in January, as last year’s VAT hike dropped out of the annual comparison and weak consumer demand relieved price pressures. This will help keep interest rates low and real rates, adjusted for inflation, neg

Credit Suisse Private Banking Introduces "Strategic Philanthropy: Guide to Evaluation"

The paper also gives an overview of the major trends and practices in evaluation, and provides suggestions on how philanthropists can make evaluation effective for their work.

Wealth and Asset Management