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

Affinity founder Stearn on why he left the security of Fairbairn

Throw in an ongoing eurozone debt crisis, volatile markets and growing regulation simmering in the background and you have definitely set yourself a challenge.

Barclays Wealth launches intermediary DFM service

Barclays Wealth has launched a discretionary portfolio management service to be offered through the intermediary market.

Platinum Wealth CEO given community order for train assault

Croydon Magistrates' Court confirmed 45-year-old Kevin Fowler, CEO of Platinum Wealth Management, was sentenced to a one year community order, with 200 hours of unpaid work, after the incident which reportedly left another man with a cut under his ey

Wealth managers in fresh hit as FSCS levy rises to £60m

The likes of Brewin Dolphin, Rathbones and Charles Stanley will be forced to fork out for the collapse of a number of financial services firms after the FSCS interim levy was raised to £60 million.

City bonuses tumble as price rises keep outstripping wages

FINANCIAL services workers saw weekly pay fall in January as bonuses came in far lower than last year, data showed yesterday.

Barclays execs are quids in after £30m share sale

TOP staff at Barclays cashed in around £30m worth of shares this week, the bank said yesterday, just weeks after it revealed that chief executive Bob Diamond took home pay, shares and benefits totalling £17m last year.

Arbuthnot Latham doubles its pre-tax profit

Profit before tax increased to £2.0m (2010: £1.0m) as the Bank continued to successfully implement its strategy of providing a full service banking and advisory product offering

Societe Generale Private Banking appoints new Marketing Head

He will be responsible for defining and implementing the private bank’s commercial strategy, in coordination with the Executive Committee.

London is top city for investment, KPMG report says

London remains the top city in the world for foreign investment, according to a report that reflects the rise of emerging economies.

Senior Credit Suisse banker gets bonus despite £210,000 fine

A senior Credit Suisse trader will be paid a bonus for 2011 despite being fined £210,000 by the Financial Services Authority for "improper market conduct".

Upbeat Brooks Macdonald defies markets

WEALTH manager Brooks Macdonald has continued to enjoy solid growth in the funds it administers, even as markets tanked in the second half of last year.

Close AM loses £2.6m as restructure continues‎

Close AM lost £2.6m in the period compared with a £6m loss in the previous six months.

Europe's Family Offices Looking To Invest In Hedge Funds

Family offices in Europe have cash and are not only willing to put it in hedge funds, they’re willing to place it with smaller managers.

UBS, Deutsche Bank Fight U.K. Over Taxes on 2003 Bonus Plans

UBS AG (UBSN) and Deutsche Bank AG (DBK) said they don’t owe taxes over a 2003 compensation plan U.K. authorities argue was designed to avoid millions of pounds in taxes and national insurance contributions on employee bonuses.

Brooks Macdonald to launch York office

The exact location of the office is yet to be finalised, although it is understood that the office will open later this year..

Liontrust acquires Walker Crips Asset Managers

The acquisition of WCAM broadens the fund management capability at Liontrust, increases Liontrust's assets under management to more than £2 billion and gives the company one of the strongest ranges of UK equity funds and teams.

Close Brothers profits up despite securities headache ‎

The firm reported pre-tax profits of £66.8m in the six months to the end of January, up from £58.3m the year before.

FSA warns of poor conduct in private banking and wealth management

In its Retail Risk Conduct Outlook, published today, the regulator highlighted private banking and wealth management as an “emerging risk”, warning that poor conduct could lead to “widespread detriment”.

Private banks get tough on mortgages

Many banks are demanding that clients transfer assets of significant value to qualify for a lower mortgage rate, while others include a clause that says the interest rate will rise after six or 12 months if the promised cash or investments are not deposit

Fairbairn Private Bank expands discretionary investment management services

Fairbairn Private Bank has widened access to its discretionary investment management service with the inclusion of a range of collective investment funds

Wealth and Asset Management