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

Thesis launches models on platforms and cuts bespoke fees

Thesis Asset Management has launched its model portfolios on platforms and revamped its bespoke fee structure in an effort to improve transparency.

Liechtenstein's VP Bank Restructures Top Management

VP Bank Group is aligning its organisational structure more closely with the changing market conditions and is reinforcing its client focus.

Credit Suisse Seeks to Boost Profits in U.S., Europe Wealth Unit

Credit Suisse Group AG, Switzerland’s second-biggest bank, is working to boost profitability of its wealth-management businesses in the U.S. and western Europe

London home to UK’s both richest and poorest

The ONS definition of wealth includes property, financial assets, physical wealth and private pensions.

£5.4m bonus payout in Threadneedle St

Bank of England staff enjoyed rising bonuses last year, according to its latest annual report

FCA warns against ‘incentivising’ staff

Regulator says where risks cannot be adequately reduced, firms should change the way staff are paid

Heartwood Investment Management’s Managed Portfolio Service awarded 5 Star Rating

Independent financial research company Defaqto rates the Heartwood Investment Management offering as among best in market

Societe Generale Private Banking renews its partnership with the French golfer

Societe Generale Private Banking’s support for these 4 golfers is part of a broader approach by Societe Generale Group, which dates back to 2001

Kleinwort Benson owner RHJI: ditching BHF bid may incur charges

The company has existing contractual commitments in respect of the BHF transaction to both Deutsche Bank, as the seller, and to our co-investors," RHJ said in the letter.

Malta slams claims it is being used as tax haven

It is preposterous to claim that all €11 billion worth of Maltese deposits are of dubious”quality

Kleinwort Benson owner slams rebel hedge fund break-up calls

'In our view, the board of RHJI has presided over an erratic strategy, which has resulted in consistent and substantial value destruction.

Walker Crips completes sale of corporate adviser subsidiary

Walker Crips Group has completed the sell-off of its subsidiary Keith Bayley Rogers and Company Limited to BWV Investments Limited.

Investec unveils Ucits fund for multi-asset chief

Asset management firm announces plans to open out €188m fund to international investors, Citywire Global can exclusively reveal.

Northern Trust Names Global Sales and Marketing Director for Family Office Group

Northern Trust has selected David C. Albright to lead sales and marketing for its Global Family & Private Investment Offices group, effective immediately.

Bank Sarasin announces three senior appointments

Announces some key appointments of experienced professionals in its Asset Management, Products & Sales division.

Threadneedle Investments launches new Foundation

Threadneedle’s support will help The Art Room to maximise capacity in existing London Art Room centres, where impact is significantly limited by funding constraints that restrict opening to three days per week

Private bank appoints Head of Marketing

Her marketing remit will be to direct all activity worldwide to ensure Coutts’ business strategy is closely aligned with marketing to enable it to be most effective.

Royal Bank of Canada reports 26% increase in net income

Wealth Management net income was $225 million, up $13 million or 6% compared to last year

Wealth Managers Face Tall Hurdles to Build on Rebound - RESEARCH

As Growth Prospects Shift Toward Developing Markets, Players Must Grapple with Greater Client Demands, Tougher Regulatory and Margin Pressures, and Increasing Business Complexity, Says Report by The Boston Consulting Group

Coutts to overhaul famous home

The move reflected falling visits to branches as clients do more banking online

Wealth and Asset Management