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

Qatar wealth fund snaps up prime Canary Wharf property

The wealth fund is Credit Suisse’s second biggest shareholder, with a six percent stake.

RBS awards CEO share-based bonus worth £963,000

RBS, 83 percent owned by the British government following a state bailout during the 2008 credit crisis, allocated CEO Stephen Hester a 2011 annual performance award of 3.6 million shares.

Liechtenstein Has ‘Long Way’ to Shed Tax Image, Bank Chief Says

Liechtenstein started to unwind secrecy after data stolen from LGT Group, the bank owned by the royal family, was used by Germany to prosecute tax evaders in 2008.

Butterfield Private Bank head and CIO step down

The reasons for their departures are not yet known, although speculation is mounting over the future of the London office and whether a restructure could be in the offing.

Dresdner bonus culture exposed

One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.

True Potential wants 200 advisers by end of 2012

Advisers who join the firm will be known as partners and awarded shares in the firm based on the amount of assets they place on the True Potential Wealth Platform.

Five firms recruited for Succession’s wealth arm

Succession could seek an initial public offering or private equity investment once it reaches its target of £7bn funds under influence, its chief executive has said.

Bridgepoint acquires Morgan Stanley's wealth business

Quilter operates with customers who have at least £200,000 (€240,000) in assets, and it has 26,000 clients in Britain and Ireland.

Billionaires occupying Davos as richest 0.01% bemoan inequality of incomes

half-dozen of the richest participants, interviewed in advance of the conference, say economic disparity needs to be addressed.

Old Mutual wealth management in Europe

The insurer yesterday said it would create a single wealth management unit in Europe, which analysts suggested would improve efficiency, while sharpening its focus on expanding revenue.

From beer to banque privée

Quilvest Group was originally set up as an independent adviser to support the Bemberg family in the management of its estate in France.

The UK Wealth Management industry employs 12.5% of the financial services community- Research

This is according to the research findings commissioned by a grouping of wealth management companies seeking to determine the value of the total industry.

Charles Stanley to take on more staff as it preserves clients’ portfolios

Charles Stanley plans to hire more staff in Leeds, despite the downturn in financial markets.

Vestra out of the red with landmark £2m profit

Turnover increased by £5.6 million to £16 million over the period, while partners invested £2.2 million back into the business.

London Bankers Stay Put as Bonuses Wane

The beginning of the year is usually a busy time for bankers and recruiters as many staff members wait to get their bonuses before setting off to a rival.

Barclays to grow wealth management business

Barclays has earmarked its wealth management business for growth during 2012, according to chief executive Bob Diamond.

Brooks Macdonald calls for more ‘clean fee’ shares

Mr Spencer said the high fees on some retail funds made incorporating them into its multi-manager range too expensive, since the fees would be compounded with Brooks Macdonald’s management charges.

Bonham Carter: Industry must get back to basics

He says the lesson the industry should learn from the sovereign debt crisis is that there are no risk-free assets and that the resilient business models are often large-cap equities, with strong balance sheets and where the dividend payout and dividends i

SunGard’s Valdi To Support Trading On BETa, New European MTF

SunGard’s Valdi includes a range of execution tools such as algorithmic trading and smart order routing that help customers navigate the fragmentation in European markets resulting from the introduction of the European Union’s MiFID directive.

Charles Stanley third quarter revenues down 15.5 pct

Total client funds at £14.48 billion have demonstrated underlying organic growth over the nine months of the financial year to date despite difficult trading conditions, and remain comparable to March 2011 levels (£14.50 billion).

Wealth and Asset Management