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

Close Brothers reports asset management loss

Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.

Leaked document on BNP Paribas "preferred clients"

The list of French corporate and investment banking clients who can expect to get an immediate call back from their banker is set to get a bit shorter.

Enness Private Clients launches high net worth referral service

The service is aimed at advisers who have clients seeking large loans but may be unable to secure them through mainstream lenders.

Barclays Wealth boosts Cardiff operations

Mr Rowsell – who has 28 years’ experience in private banking – joins Barclays Wealth from Coutts & Co, where he was instrumental in helping to establish and develop its regional business in South Wales over the past 13 years.

St James's Place reports a record year for new business

St. James’s Place today issues its new business update for the twelve months ended 31 December 2011.

Aberdeen's AUM rise despite net outflows‎

£7.8 billion of new business won in the quarter

Signia Wealth appoints Co-Chief Investment Officer

He will be based in the London office

Coutts man to head Arbuthnot Latham‎

has over 25 years of private banking experience, initially at SG Hambros and for the past nine years at Coutts & Co

UK private client wealth management business changes hands

Raymond James Financial now owns 100% of UK subsidiary Raymond James Investment Services (RJIS) following the acquisition of Killik & Co’s 25% stake in the UK private client wealth management business.

SEI appoints former Barclays Wealth Americas head ‎

This latest hire is part of SEI’s business expansion, in response to significant interest from global banks, insurance companies and large wealth managers.

Cheviot Investment Symposium to bring 150 fund managers to Liverpool

The symposium, which is being organised by Liverpool office partner and Intermediary director Mark Ewer, will see seven keynote speakers address delegates on issues including technology, equity funds, hedge funds and emerging markets.

2012 Futurewealth Report: A Customer Revolution

Pioneering Survey of 3,300 HNWs Concludes Redefining the Wealth Management Customer Journey Is Now Critical to Success

FSA approves £1.9m Arbuthnot Securities sale

Sale of investment banking unit to Westhouse Holdings to be complete by the end of the week company confirms.

Newton CIO changes roles to lead global equities team‎

Newton has announced some changes within its investment team designed to ensure a focus on strong performance across its range of mandates and position the firm for continued growth.

Fleming Family & Partners hire ex Deloitte pensions guru

She previously worked as head of pension consulting for Deloitte Private Clients

Reinsurance brokerage giant to move HQ to London

The move won’t trigger any job losses in Chicago, which will remain the firm’s Americas headquarters, the broker said today in a statement. The firm plans to add 1,000 jobs across the U.S. this year, it added.

Private bank shuts down its Scottish operations

Gordon Scott, the head of the Edinburgh operation, is leaving the business and will not be replaced.

Billionaire purchases 60pc stake in Soho House - report

The private members’ club chain was valued at about 250 million pounds ($382 million), the newspaper reported, without saying where it got the information.

Kleinwort Benson shuts down Scottish operations

The head of the Edinburgh operation is leaving the business and will not be replaced.

Tough decisions for banks as cash cows run dry

Deutsche Bank first got stuck into global asset management in 1990 through the purchase of its London-based rival Morgan Grenfell. It did not take long for it to discover that a party was in full swing.

Wealth and Asset Management