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

KPMG tells staff of planned cuts by voicemail

The accountancy giant, which employs 10,000 in the UK, doesn't seem to be too sensitive when telling its own employees about job cuts.

Numerix expands European presence to support client growth across the region

Increasing Client Demand Prompts New Office Openings in Frankfurt and Milan, in Addition to Further European Expansion in Stockholm, Paris & London

Deutsche Bank said to shuffle board in Ackermann succession

The group executive committee will be expanded to 17 members from 12 and Michele Faissola, who oversees rates and commodities, will head a combined asset and wealth management operation, said the person.

HSBC paid directors 64pc more than previously announced

Experts said the restatement was the result of an accounting change – and is another example of the chaotic standards under which bank statements are produced.

High-profile HSBC exec reportedly set to join Jefferies

Bell is currently on gardening leave and will start his new job in June, the people said, reporting to joint heads of European investment banking Dominic Lester and Peter Bacchus, and John Huwiler, global head of M&A.

Societe Generale appoints new private banking head

He joins the Executive Committee of the Private Banking, Asset Management & Securities Services division and reports to Jacques Ripoll, Head of the division.

Base pay increases highlight regional differences in financial services

Base pay increases in the world’s financial services sector continue to be markedly different depending on region, according to new data issued by Mercer.

Banco Santander Strengthens UK Executives Before Possible IPO

Banco Santander has made new appointments to strengthen its management as part of the spinoff of its UK business.

Barclays Wealth hires Coutts' south west head to run Cardiff

Barclays Wealth has boosted its Cardiff team with the appointment of former Coutts head

F&C hires ex-Aberdeen head of fixed income

He left Aberdeen in 2007 after overseeing the integration of the firm’s fixed income business with that of Deutsche Asset Management after Aberdeen bought several Deutsche businesses.

Schroders' shake up

Schroders insists the move is not punishment for under-performance or because investors are departing.

Aon Hewitt appoints compensation practice head for EMEA

He worked for seven years at Altedia, a leading French consulting firm

CB&H welcomes new director of international tax

In addition he will be responsible for directing the global resources of the Firm, through Baker Tilly International, to meet the international tax needs of clients worldwide.

RBC Wealth hires Credit Suisse man for UK push

Parlons will be based in London working to build out the ultra high net worth, family office and entrepreneur client base, and his appointment comes as part of RBC's drive to make the UK its third key market outside the US and Canada, which was outli

Deutsche PWM Midlands' discretionary boss exits

Based in Birmingham, Charalambous was responsible for £1.3 billion of multi-asset and multi-manager assets, and was also a member of Deutsche Bank PWM’s investment committee.

Private client stockbroker hires from Arbuthnot and Investec in quintuple hire

Private client stockbroker has strengthened its research, sales and corporate finance teams with hires from Investec and Arbuthnot among a raft of hires.

Musical chairs as Goldman reshuffles board

Goldman Sachs Group Inc. (GS) is reshuffling the board of directors that oversees its UK-based subsidiary, with four senior executives stepping down from their board-level roles

HSBC unit parts company with top hedge fund manager

Tim Gascoigne, who was global head of portfolio management and who ran the $2.4 billion (1.5 billion pounds) GH fund of hedge funds at HSBC Alternative Investments Limited (HAIL), left last month, a spokeswoman for the bank said on Monday.

Women in finance lose 42% of pay packet in gender gap

In the UK, working women suffer a 21% pay gap, much higher than their EU counterparts who earn an average 17.4% lower salary than men.

Newton private client CIO leaves

The news comes after the recent promotion of Simon Pryke as chief investment officer, having latterly been head of private clients and charities.

Executive Moves