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

M&G plc full year 2024 results

We are now moving into a new phase for the Group, where we will deliver sustainable and diversified growth across Asset Management and Life.

Julius Baer pays interim CEO $6.6 million in 2024

In 2023, Dreckmann’s predecessor, Philipp Rickenbacher, received compensation of 1.7 million Swiss francs in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa.

Julius Baer to enter Italian onshore market

Julius Baer is expanding its presence in Europe by setting up a dedicated branch in Italy.

LGT sees 16 % increase in AuM while further investing in growth and digitalisation

LGT continued to invest in the further expansion of its international presence and technology platforms, making significant progress in both areas.

Close Brothers Shares Plummet as Margins Come Under Pressure

That’s slightly below the 7.1% it had in the six months ending Jan. 31 and it’s also less than the 7.2% analysts were expecting.

Phoenix to launch retirement advice service

The pension provider indicates that it will seek to enter the advice market as it looks to ‘leverage the opportunities that the retail market presents’.

Hampden Bank Moves to New Edinburgh Office and Rebrands

Hampden Bank is set to report continued growth in its 2024 annual results next month and will mark its 10-year anniversary in June.

Credit Suisse turned down takeover bids one year before collapse

Credit Suisse would have retained a 25% stake, and the new owners would have provided clients with financial products.

So, what has GAM’s new global equity chief done in his first year?

Paul Markham arrived amid a wave of change at the Swiss asset manager. He speaks to Citywire Selector about recruitment, renewal and what comes next.

Fairway Group sees eight team members secure Management Development Accreditation

The accreditation is recognised by The Institute of Leadership and Management (ILM).

Deutsche Bank publishes 2024 Annual Report and confirms outlook for 2025

The Annual Report includes the bank’s Consolidated Financial Statements, the 2024 Compensation Report and management’s outlook for 2025.

UBS CEO Sergio Ermotti’s Salary Draws Attention

The remuneration for CEO Sergio Ermotti, in particular, has drawn attention.

TrinityBridge – the renamed Close Brothers AM business- begins new chapter as an independent wealth manager with £35m investment

A central focus of this investment is the development of a new investment platform, which is being built through strategic partnerships with industry-leading firms.

Ritholtz Wealth Management CEO Josh Brown Invests in FINNY, Joins Advisory Board to Help Scale AI-Powered Organic Growth for Financial Advisors

Brown joins an advisory board that includes industry heavyweights such as Arun Anur, chief operating officer at wealthtech juggernaut Orion.

VP Bank records a group net income of CHF 18.5 million and is on track with its package of measures to increase efficiency

Client assets under management rose by 9.5 per cent, while the new money inflow was 3.6 per cent.

Supporting Independent Asset Managers

The success of Luxembourg’s financial center with private clients continues to strengthen year after year.

Investment trusts advisers and wealth managers recommend for your ISA

Young investors will want to take more risk, while those in retirement may be focused on income.

Wealth and Asset Management