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

HSBC warns of restructuring pain ahead as outlook darkens

HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts’ forecasts.

Almost half of wealth managers will fail if they don’t digitally innovate, says new research

In terms of how wealth managers plan to improve their digital propositions, 57 per cent are partnering – or are planning to partner – with specialist technology firms, while 22 per cent intend to build in-house solutions.

Fed Should Continue to Deliver

Sterling seems to be discounting that surely there has to be some political resolution.

UK wealth industry assets break through £1 trillion

Wealth industry assets climbed above £1 trillion for the first time earlier this year, research from benchmarker Compeer has found.

PIMFA Calls for the Regulator to Raise The Bar

PIMFA has suggested that the DB transfer market would benefit from targeted and more rigorous supervision of the industry.

U.K.’s Dirty Money Trail Leads to Private Schools, Crocodile Handbags

By analyzing 400 cases with a British link over the last 30 years, researchers found that illicit funds had moved through 86 banks and financial institutions, 81 law firms, 62 accountants, and more than 2,200 companies in Britain and its overseas territor

Germany’s Wealth Fund to Go Where Even Norway Fears to Tread

Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, also has permission to put money into real estate and infrastructure

Conscientiousness is key personality trait for successful financial advisers

Advisers also show high levels of intellect, or openness to experience, which have been advantageous during the substantial regulatory changes since the Retail Distribution Review (RDR).

Nordea's new CEO has work cut out as bank plunges into the red

In the third quarter Nordea said it faced one-off charges totalling 1.3 billion euros ($1.5 billion), resulting in an overall operating loss of 421 million euros for July-September.

Manager M&A activity slowed in Q3 but on track for record year – PwC

There were 48 announced deals during the third quarter, down 24% from the previous quarter, but up 30% from the same period a year earlier.

Swiss remain the richest in the world

Financial assets make up 55% of gross wealth in Switzerland – a little higher than their share in the UK, but less than in Japan or the United States.

Is the Woodford Patient Capital trust a good buy opportunity?

The board is currently looking for a manager to replace Woodford, but some suspect that the trust may end up suffering the same fate, by being wound up with money returned to shareholders.

What will shape the next generation of Nordic fund buyers?

Some, such as Weilby, have moved into senior roles at a relatively young age, with the 34-year-old now leading Copenhagen-based Spektrum’s overall fund selection efforts.

Eurasia Group/Vontobel study: US-China battle for digital supremacy can create a dilemma for Europe

Potential winners: Bangladesh, Indonesia, Malaysia, Thailand, Taiwan and Vietnam, as well as Argentina, Brazil, Chile and Mexico

Over a third of women entrepreneurs face gender bias when raising capital: HSBC

"To tackle gender bias, I believe we need to showcase more successful female entrepreneurs"

5 questions nobody talks about when it comes to the relation between Monaco and the European Union

Is Monaco heading to join the European Union? Does Monaco enjoy EU customs benefits? Does the GDPR has any impact in Monaco? And a few more topics to clarify.

Boutique CIO: ‘It’s good to have an ex-UK fund right now’

Bernier made the comments prior to a new Brexit deal being announced by the UK government on 17 October.

Malcolm Kerr: Advisers must keep up as innovation moves on

Disruptors, led by the tech sector, are steadily making their way in to the market after years of slow progress

In the Brexit Countdown, Five Possible Scenarios

The UK has put forward new proposals and says it will leave the EU by the end of October.

PIMFA Annual Summit Addresses Key Areas for Evolution and Innovation in Financial Services

“The industry is stuck and thinks about things a very certain way because they’ve come from very similar backgrounds, Boards and firms often look the same, and it can feel like ‘this is not a club I feel invited to join”.

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