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

StanChart sees 25-30pc growth in pvt banking in 2012

The bank is looking at leveraging its corporate and SME (small and medium enterprise) clients to increase the private banking customer base.

Deutsche Bank Accepts Indicative Bids For Asset Management Ops

If a sale process proceeds, interested parties will kickstart due diligence on the business soon after, the people said. Deutsche Bank's own investment banking team is handling the process, they added.

Private client portfolios lost money during 2011

The most recent analysis that ARC has put together, for Q3 2011, described the period as “the worst quarterly PCI results yet recorded”, including 2008. Its full-year 2011 analysis is expected to be available in around six weeks’ time.

Barclays Wealth appoints Head of Strategic Partnerships

He joins Barclays Wealth from PricewaterhouseCoopers

SocGen to replace private bank head

SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.

Asset managers hope that 2012 will be brighter year

The year was “nerve shredding,” says Michael McLintock, chief executive of M&G, the UK manager owned by Prudential.

Family offices to increase collaboration in 2012

The London-based advisory group said structures that allow family investors to share knowledge and co-invest, such as investment committees and roundtables, will become more commonplace this year.

IPOs sees erosion of about one-third value of total issue size in 2011

The present value of the total public issues during the year worked out to about Rs 9,500 crore, reflecting a loss of over Rs 4,500 crore or nearly 33 per cent for those who invested in these offerings.

EFG sells Denmark unit

The move is part of EFG's business review programme, it said.

Private client wealth manager inks deal with SEI

This relationship is another positive signal to the market of the growing acceptance of Global Wealth Services for UK Private Client Managers serving HNW clients.

UK Wealth Management is on the acquisition trail

The private equity-backed business is well placed to capitalise from significant demographic and regulatory changes which are set to shake up the wealth management industry.

Crispin Odey: 'horrble' 2011 has produced bargains

At the close of a tumultous twelve months on the markets, hedge fund manager Crispin Odey has described 2011 as a "pretty horrible year", but pointed to opportunities in 2012 presented by cheap prices.

Barclays stockpiles 'losses' to soften tax obligations

Barclays has amassed a war chest of "losses" to offset against future tax payments that can almost rival those at the crippled state-backed banks, despite remaining strongly profitable.

EFG sells Denmark unit

The move is part of EFG's business review programme, it said.

Libor scandal hits traders as RBS 'cuts bonuses'

Royal Bank of Scotland plans to claw back bonuses from staff to cover the cost of an expected £350m fine for rigging the Libor rate.

Family offices looking to grow wealth

Family offices would benefit from taking a three-pronged approach to managing their assets if they want to grow wealth in the current risky economic climate, according to investment manager Stefan Angele.

UK charities set to get extra £1bn a year through tax relief scheme

'C-volunteering initiative' designed to encourage business donations could raise charities' income by 10% annually

£1.4m for Brewin’s directors

Brewin’s annual report revealed that the bonuses were down from £1.7m in the previous year.

Banks and ABI to hold talks over 'out of control' bonuses

Major shareholders are preparing to meet top UK bank executives "behind closed doors" in the new year to thrash out concerns over excessive pay ahead of the crucial bonus season.

Schroders 2012: A year in the global economy

Keith Wade, Chief Economist & Strategist, and Azad Zangana, European Economist, look ahead into 2012

Wealth and Asset Management