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

LSE reports rising quarterly revenues

That was higher than expectations of £152.4 million, according to analysts polled by the group, which operates the London Stock Exchange and Italy's Borsa Italiana.

RBS’s Hester May Get Further 8 Million Pounds Bonus, Times Says

Hester is set to be awarded 3.6 million shares, worth about 963,000 pounds, for last year.

Barclays to face 'shareholder rebellion' if bonus restraint is not exercised

One of Barclays’ top 10 investors is reported to have said: “If the bank doesn’t exercise real restraint then it faces a shareholder rebellion.”

Public believe executives pay should not exceed £1 million

Just 7% of those questioned supported £1 million salaries for chief executives of firms in the Ftse 100, while only 1% said senior bosses were worth the £4 million currently earned by those at the top end of business.

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

French Banks to Cut 2011 Bonuses as Much as 50%

French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.

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.

Wealth and Asset Management