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

LGT Steals a March Over UBS

Banks have responded by building EAM arms to cater to the niche in Switzerland, and UBS and Credit Suisse are among the biggest players.

Indosuez Wealth Management goes digital but stays personal

Retail banking is the heart of Crédit Agricole, and the group really wants to develop in markets that are really close to its own culture and geographical reach, so going to Greece was a bit far away.

Amundi targets place in top-tier global asset managers

French group reports strong profits growth and raises 2020 targets

Nigerians and UK’s Unexplained Wealth Orders

Various reports cited London as a money laundering haven, but the UK Government was conspicuously silent on the issue, turning a blind eye as millions of dollars poured in.

Old Mutual launches excess income trust and calculator

Old Mutual Wealth and Old Mutual International have both launched a new innovative Excess Income Trust solution and online tool to help clients benefit from the ‘normal expenditure out of income’ exemption, providing a simple and tax efficient

Pro-EU campaign secures £400,000 from George Soros

A campaign group fighting to keep the UK in the EU has received £400,000 from billionaire investor George Soros.

deVere to expand its graduate programme to meet growing and evolving demand

Mr Green goes on to say: “Like the industry itself, the deVere Group Graduate Programme is known to be hard work and intense.

Edmond de Rothschild nets €345m for biotech fund

Fundraising comes as private-equity unit looks to spin out from parent company

Harwood Wealth to manage Frenkel Topping mandates

As volumes of funds managed by Frenkel Topping increase, the percentage fee payable to Harwood Wealth will reduce.

Pictet Profit Surges Ahead of Collardi Entrance

The discreet bank recently raided rival Julius Baer of its CEO, who will become one of seven partners at the discreet 213-year-old Genevan bank.

Alternative assets used as 'a means to an end' - 7IM

Bonds won’t help in the next bear market

Frenkel Topping hands wealth manager £250m contract

The figure accounts for the majority of the £290 million which Frenkel Topping reported within its discretionary service at the end of last year.

Hargreaves Lansdown pretax profit, assets under administration rises

Net new business was £3.34bn during the period, up 43% compared to the same period a year ago as the financial services firm reported 61,000 increase in active clients to a total of 1,015,000 active clients since 30 June 2017.

Euromoney’s Private Banking and Wealth Management Survey 2018

UBS Wealth Management voted best global private bank; private banks more bullish on revenues; hiring to increase.

Mattioli Woods increases revenue by 17%

Total client assets under management, administration and advice increased by 5.2 per cent to £8.34bn at 30 November 2017, compared to £7.93bn at 31 May 2017.

JPMorgan closes three funds in product rationalisation push

This change follows a spate of mergers that JP Morgan Asset Management announced last year where a total of 10 funds were rolled into other strategies.

Schroders signs up to new fund transaction cost service

In 2016 the Financial Conduct Authority told fund managers they had a duty to inform workplace pension schemes of their transaction costs.

UBS wealth managers to open flagship office in Edinburgh

The wealth management arm of financial services giant UBS has revealed major investment in Edinburgh as it prepares to move to a larger site in the city where it is looking to double its headcount.

Swiss bank UBS chases the newly-rich in Britain's regions

The bank says a surge in personal windfalls from takeovers, and rising house prices had led to an increasing number of wealthy people across Britain.

ZEDRA opens a new office in Zürich

The office will be located on Gartenstrasse 23, 8002 Zürich.

Wealth and Asset Management