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

Gap between rich and poor UK cities grow

London, Cambridge, Edinburgh and Aberdeen are bucking the trend because of their high skill levels and large numbers of jobs in private companies.

Luxury brand boom anticipated as wealthy Chinese tourists head to UK for New Year

They will be looking for British brands such as Burberry and Mulberry, and international brands such as Prada and Gucci.

Morgan Stanley confirms sale of Quilter

The company is headed by chief executive Martin Baines and also counts rain-maker Stephen Vakil in its staff.

Axa Wealth restructure puts 50 jobs at risk

“While Axa Wealth has experienced unprecedented growth, it has resulted in us being unable, at times, to devote the specialist support that we feel we need to give to different adviser segments.

Old Mutual Rejigs Europe Ops To Boost Wealth Management Unit ‎

This follows a strategic review of the businesses due to macro-economic and regulatory developments in the European long-term savings and investment markets and changes in customer preferences.

Executive pay is 'unjustifiable', says City superwoman Nicola Horlick

City investment 'superwoman' Nicola Horlick has said it was wrong for executive pay to increase when company profits have struggled.

Miliband calls on PM to stop RBS chief getting bonus

Labour leader Ed Miliband has called on the Prime Minister to intervene and stop RBS chief executive Stephen Hester taking his bonus which is expected to be around £1.6m.

London Financial Centre Won't Retrench To Pre-Big Bang Era

But industry players say the City will resist more pessimistic warnings from some quarters and won't fully turn back the clock to before the Big Bang era, when London was a more genteel financial centre.

Sanlam Private Wealth acquires two IFA client banks‎

No principals or staff from either firm will join SPW

Brooks Macdonald hits £3 billion

Brooks Macdonald saw discretionary assets under management jump by 11% in the final quarter of 2011 and pass the £3 billion mark.

Morgan Stanley nears British wealth management unit sale

Morgan Stanley is close to selling a British wealth management unit to private equity firm...

£100bn of central London properties held in offshore tax havens

Chancellor George Osborne is facing calls to close a loophole which has seen more than £100bn of central London properties placed in overseas tax shelters.

Tods Murray bolts on private client boutique

Tods Murray has absorbed two-partner private client firm Fyfe Ireland.

Major UK wealth house taps new senior portfolio manager

Howard joins from Rothschild Private Management, where from 2009 he was Head of UK Portfolio Management and sat on the Global Asset Allocation Committee.

Bank bonus dispute goes to High Court

The legal spat is likely to fan the flames of public anger at a time when high inflation, rising job losses and sharp government spending cuts eat into the livelihoods of Britons asked to bail out the banking sector in the 2008 credit crisis.

Barclays Wealth names Saudi head

Gilbert said the appointment reflects the "mounting focus" on Saudi Arabia, which is one of the region's most appealing private banking hotspots.

Schroder Investment Management (USA) switches PR firms

Jennifer Manser, head of marketing and communications at New York-based Schroders, said the firm decided to go with JCPR after interviewing multiple agencies.

Guinness family asset management firm to launch in Northern Ireland

The Iveagh funds will offer investors access to the investment team managing the private portfolios of key members of the Guinness family, including Lord Iveagh. To date investors have put £215m into the funds.

Rowan Dartington customers unscathed from fraud

He said none of the suspects were current members of staff but he could not comment on which side of the businesses had been affected.

British asset managers hit by client withdrawals

British asset managers suffered a wave of withdrawals in the final three months of last year, as clients fretting about a deepening euro zone crisis and choppy financial markets trimmed exposure to investment funds.

Wealth and Asset Management