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

UBS completes merger of UBS AG and Credit Suisse AG

The merger facilitates the migration of clients and operations from Credit Suisse to integrated UBS platforms over time, following business, client- and product-specific requirements.

Canaccord Genuity Group Inc. through its Wealth Management business in the UK announces acquisition of Cantab Asset Management Ltd.

Upon completion of the acquisition, investment professionals and support staff of Cantab will continue in their existing roles and will be fully supported in directly managing their client relationships.

WH Ireland to sell capital markets business to Zeus for up to £5m

The consideration for the deal comprises an initial cash payment of £1 payable on completion and up to £4,999,999 of deferred consideration to be paid in cash within 30 days of the first anniversary of completion.

Coller Capital appoints Boris Maeder as Head of International Private Wealth Distribution and opens office in Switzerland

This new office underscores Coller’s commitment to working closely with clients and intermediaries to facilitate access to institutional quality secondaries investments to meet increasing demand from private wealth investors.

Prosper Shows Demand for New Way in Wealth Management and Kicks Off Crowdfund as St James's Place Faces FTSE Exit

Prosper is raising a further crowdfunding to add to its recent angel and Andreesen Horowitz raise adding to the total invested capital of £4m.

Bantleon acquires majority stake in a convertible bond specialist

The long-established minority shareholders remain on board and retain their 38% stake.

Helvetia (CH) Swiss Property Fund: planned listing on SIX Swiss Exchange on 25 June 2024 and pleasing half-year results

SIX Swiss Exchange has approved the application to list the Helvetia (CH) Swiss Property Fund on SIX Swiss Exchange on 25 June 2024, subject to the pending amendment to the fund agreement opening the fund to non-qualified investors.

Wealth managers struggle with FCA compliance as deadline looms

The main reasons for this investment are to deliver better client service, understand a wider range of asset classes, improve investment advice, and reduce costs.

Cazenove Capital wins Magic Circle Impact/ESG Manager of the Year Award

Award winners are selected by a panel of experienced industry professionals as well as votes from industry peers.

Impax Asset Management Group plc Interim results to 31 March 2024

Business showed its resilience with an increase in net number of institutional accounts; £2.7 billion of net outflows came largely from wholesale channel in Europe

Wealth Dynamix and Oxford Risk forge strategic partnership to revolutionise client engagement with behavioural science

Together, Wealth Dynamix and Oxford Risk are committed to reshaping the future of wealth management by placing the client at the centre of the experience.

Oddo BHF Eyes Family Offices in Switzerland

The oldest bank in Romandy has long been integrated into Oddo BHF

Client complains to SJP after name mix up

Policyholder Mark Bradford said he has complained to the wealth manager after he had cause to believe his data had been compromised.

HSBC targets lending against fast-growing private assets after adding SVB’s UK unit to its portfolio

HSBC to leverage its balance sheet strength to finance wealthy clients’ fast-growing private asset portfolios

Blackstone buys $1B mortgage portfolio from German bank

Multifamily, office and hospitality properties backing Deutsche Pfandbriefbank loan pool

Ortec Finance: 8% of advisers and wealth managers believe company will not meet Consumer Duty deadline

FCA Consumer Duty compliance deadline 31 July

Wealth firms in the UK slow to adopt semi-liquid funds

The limited range of semi-liquid products and the question of suitability loom large for wealth managers, who largely prefer investment trusts to access private markets.

7IM enhances Pathbuilder range with ‘trend following’ strategy

Trend strategies have delivered strong performance during market turmoil and add a further layer of diversification and risk management to traditional passive strategies.

Goldman Sachs moves to new office in Amsterdam, the Netherlands

The Amsterdam office will have space for up to 50 employees allowing for the ongoing expansion of Goldman Sachs’ activities in the Netherlands.

Ex-Alpian CEO secures CHF 1.5m to launch private banking platform

Light Frame’s pre-seed financing round was led by ATX Venture Partners and New Stack Ventures.

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