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

GAM issues a first quarter 2023 Interim Financial Report

As previously reported on 4 May 2023, total assets under management were CHF 71.7 billion as at 31 March 2023, compared to a total of CHF 75.0 billion as at 31 December 2022.

Liontrust suffers near £5bn outflow

The firm’s AUM dropped 6% to £31.4bn on the back of hefty client redemptions.

Hugo Bedford is a Top Recommended Wealth Manager in Spear's 500 2023 Index

Once again, JM Finn's CEO features in the Spear's 500 guide to the best UK wealth managers.

Union Bancaire Privée adds high-income strategy to its fixed income offering

The new strategy utilises all the existing expertise within the team so that each segment of the fixed income market is covered by one or more investment experts.

Compass expands in Switzerland by acquiring 100% of HeidiPay Switzerland AG

The deal is consistent with the objectives of the new “One Brand One Culture” 2023-26 Strategic Plan

Evelyn Partners racks up £20m acquisition spree bill

In its accounts for 2022, the group noted it had set aside a total of £15.5m to pay for 10 acquisitions and spent a further £4.3m on deals this year.

Julius Baer publishes Global Wealth and Lifestyle Report 2023

The average price of Julius Baer’s Lifestyle Index has increased by 6% in US Dollar, but by 13% in local currencies.

Rothschild Expects 50% Profit Decline Amid M&A Slowdown

In 2022, Rothschild’s profit was €249 million in the first half, and €606 million for the entire year.

‘A heavy lift in very short time’: Private banks brace for consumer duty

Five wealth and private banking heads share their views on the upcoming regulation and why it is much more than just going through a series of checklists.

IBoss portfolios launched on 7IM platform

The IBoss discretionary MPS consists of 32 risk-rated portfolios across four ranges: core, passive, income, and sustainable.

Wealth management giant St James's Place signs decade-long deal for new Spinningfields office

St James's Place is a FTSE 100 company

Wealthtech Everon makes a move into private banking

There is only a small number of wealthtechs making a splash in the sector or gaining market share. Everon wants to change that.

Private Banking & Wealth Management London Awards 2023 winners announced

The awards evening saw a great number of financial institutions rewarded for a year of outstanding work.

Key Credit Suisse Whistleblower is Just Getting Started

The plight of a whistleblower is a difficult one - particularly when they are going up against what was once one of the world’s largest financial institutions.

Wakefield wealth management firm attracts top talent to fill financial advisor role

A wealth management firm in Wakefield has appointed a new financial advisor, Stephen Luwero, who has worked in investment banking in London and the North of England for over 20 years.

Credit Suisse bankers eye exit packages as integration with UBS begins

Managing director-level bankers are less likely to ask potential future employers for perks such as guaranteed bonuses if they can walk away from Credit Suisse with a payout.

Amundi launches euro government-tilted green bond ETF

The ETF is designed to enable investors to shift their core euro government bonds towards a responsible exposure.

Financial education charity backed by Quilter reaches 28,000 in first year

MyBnk's research shows two out of five of young adults are not financially literate and 61 per cent of young adults cannot recall receiving financial education at school.

UK wealth exodus: Brexit and non-dom debate ‘driving away the rich’

The UK is set to lose more millionaires than Russia in 2023, new analysis shows

Lombard Odier and Janus Henderson partner on fund platform

This gives investors access to a focused, big cap fundamental equities long/short strategy with a focus on Europe.

Wealth and Asset Management