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

Ex-Investec W&I multi-asset duo launch boutique

Laurence Boyle says the firm will run the same proposition as he did at Investec

Wealthy investors reducing UK exposure post Brexit

Most high net worth individuals are looking to reduce their exposure to UK-based assets in the wake of the country’s vote to leave the European Union, according to deVere Group.

Tilney Bestinvest completes Towry acquisition

It was previously revealed that following the completion of the transaction, Towry chief executive Rob Devey would leave the business.

Compliance pay boom: how wealth managers are coping

The boom in compliance remuneration took hold after the financial crisis and now looks likely to accelerate following the Brexit vote.

Wealth managers missing out on social media

Indeed, many of the larger players that use social media do so under their general brands rather than via the wealth management division, which can limit the impact and reach of their social media activities in targeting wealth management clients,

UBS Scraps Near-Term Targets as Second-Quarter Profit Declines

Some of Europe’s largest banks have been hurt by volatile markets and record-low interest rates, with Deutsche Bank AG, Barclays Plc and Credit Suisse Group AG all reporting a drop in second-quarter earnings this week.

Barclays profits fall 21% amid restructuring

High street bank sees PPI bill rise and non-core division makes a loss of £1.9bn

Banks must boost efficiency by sharing more costs, says UBS

Swiss lender comfortably beats earnings expectations for second quarter

Swiss bank bounces back from losses

The bank pointed to progress in cutting costs, which were down six percent from the second quarter last year

U.S. private equities behind UBS-Passera plan for Monte dei Paschi - source

The new proposal includes the bad loan sale to Italian bank rescue fund Atlante, like the bank's own rescue plan.

St James’s Place boss hits back at charging criticism

He pointed specifically to the “charging differential” between an SJP pension and an open-market pension.

The oldest bank on earth just agreed a rescue deal backed by JP Morgan, Goldman Sachs and Deutsche Bank

The rescue offer is being led by JP Morgan and Italian lender Mediobanca

UK wealth manager reports 20% growth in AuM

SJP also reported a near-20% year on year increase in funds under management to £65.6bn as of June 30.

Profile: Gearing Up For The Shift From Consolidation To Start-Ups

Nicholson, who was head of Sanlam Private Wealth’s Newcastle office until April, believes smaller owner-managed businesses will soon become more prevalent as the industry structure shifts away from consolidations toward start-ups.

Natwest launches concierge service for HNW brokers

Initial contact commences with a welcome phone call to cover any additional information required and for brokers to be provided with an outline of the next steps.

BNP Paribas Posts Stable Q2 Net Profit, French Retail Banking Suffers

Ranked France's largest listed bank, BNP Paribas reported a 0.2 percent rise in net profit to 2.56 billion euros during April to June, including exceptional items such as proceeds from the sale of Visa Europe shares.

HNWIs call on FCA to turn focus on infrastructure building

The research was conducted by Scorpio Partnership and technology provider Factset, surveying 1,022 HNWIs globally.

Brooks Macdonald assets rise above £8.3bn

The group’s third-party assets under administration increased from £255 million to £270 million.

SJP hikes dividend by 15% despite £17m FSCS hit

Given the continued strong business performance, the Board has declared a 15% increase in the interim dividend to 12.33 pence per share.

Sailor's warning - St. James's Place

Data suggests the UK economy could shrink by 0.4% this quarter as the UK PMI Composite Output Index suffered the biggest drop in its history between 12 and 21 July.

Wealth and Asset Management