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

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.

HSBC launches Next Generation Fund for HNW's

“HSBC has been researching emerging managers for many years, and we have an established track record of investing in some of the best new managers in the industry. This Fund provides our clients with direct access to a new generation of hedge fund m

Merrill Lynch Wealth Management Strengthens London Office

Merrill Lynch hires advisers from Barclays Wealth and Goldmans

BNP Paribas reports wealth and asset management profit drop

6 billion euros in NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS, DESPITE THE GREEK SOVEREIGN DEBT IMPAIRMENT increasing the provision to 75% of the total greek debt exposure, confirming the robustness of BNp paribas’ business model

Quilter eyes buy opportunities in its latest chapter

Vakil is keen to stress the deal is unlikely to prove ‘transformative’ for the business, with a strong focus on continuity.

Credit Suisse Named Best Private Bank Globally

Euromoney is a leading publication for the global banking and capital markets communities.

Scottish adviser Dunedin goes into liquidation ‎

Helvetia said yesterday that Dunedin, at the time of the £4 million acquisition the largest privately owned IFA in Scotland, had been “reluctantly” wound up.

Wealth and Asset Management