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

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).

Dalton Strategic Partnership announces senior management and ownership structure

Following the sad death of Andrew Dalton in April 2011, Dalton Strategic Partnership has announced that agreement has been reached in principle for the purchase of equity in the firm by the executive partners of DSP from the Dalton Family.

Berenberg expands London private banking team

He has joined Berenberg after eight years at Arjent Ltd, where he was Head of Private Client Investment Management.

LGT Cracks Into Eastern Europe With New Business Deal

The alliance is expected to result in substantial benefits for both partners, with LGT Capital Management gaining access to new markets, and QUANTIS Investment Management enhancing its product offering.

'Wealth managers' to keep tight reign on Middlesex CCC

Chief Executive Codrington welcomed the partnership calling it ‘great news.’

Gap between rich and poor UK cities grow

London, Cambridge, Edinburgh and Aberdeen are bucking the trend because of their high skill levels and large numbers of jobs in private companies.

Luxury brand boom anticipated as wealthy Chinese tourists head to UK for New Year

They will be looking for British brands such as Burberry and Mulberry, and international brands such as Prada and Gucci.

Morgan Stanley confirms sale of Quilter

The company is headed by chief executive Martin Baines and also counts rain-maker Stephen Vakil in its staff.

Axa Wealth restructure puts 50 jobs at risk

“While Axa Wealth has experienced unprecedented growth, it has resulted in us being unable, at times, to devote the specialist support that we feel we need to give to different adviser segments.

Old Mutual Rejigs Europe Ops To Boost Wealth Management Unit ‎

This follows a strategic review of the businesses due to macro-economic and regulatory developments in the European long-term savings and investment markets and changes in customer preferences.

Executive pay is 'unjustifiable', says City superwoman Nicola Horlick

City investment 'superwoman' Nicola Horlick has said it was wrong for executive pay to increase when company profits have struggled.

Miliband calls on PM to stop RBS chief getting bonus

Labour leader Ed Miliband has called on the Prime Minister to intervene and stop RBS chief executive Stephen Hester taking his bonus which is expected to be around £1.6m.

London Financial Centre Won't Retrench To Pre-Big Bang Era

But industry players say the City will resist more pessimistic warnings from some quarters and won't fully turn back the clock to before the Big Bang era, when London was a more genteel financial centre.

Sanlam Private Wealth acquires two IFA client banks‎

No principals or staff from either firm will join SPW

Brooks Macdonald hits £3 billion

Brooks Macdonald saw discretionary assets under management jump by 11% in the final quarter of 2011 and pass the £3 billion mark.

Wealth and Asset Management