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

Corum acquires Aargau asset manager

Independent asset manager Corum has acquired Menziken-based Sensusplus.

Succession planning delays leading to transition hiccups

Even among those who do, a notable 24 per cent acknowledge difficulties in integrating the next generation into business life.

Farrer & Co advises Canaccord Genuity Wealth Management on the acquisition of Brooks Macdonald Asset Management (International) Limited

Farrer & Co acted as legal advisor to CGWM UK in connection with the transaction, which represents a significant addition to CGWM UK’s international operations.

Family offices expected to ramp up real estate dealmaking as rate cuts begin

The impacts were felt across private market strategies with closed-end real estate funds posting an average negative return in 2023

Will the Fed cut interest rates by 0.5% right away? More from our Global CIO Private Bank, Michael Strobaek

Many experts were sure at the time that this massive increase in the cost of credit would completely stifle economic growth in the USA – and this fear still exists.

Deutsche's Rocchi 'not into loss leaders' on family office business

Private banks need to ensure family offices clients are profitable and not just sat in cash, says Deutsche's head of ultra-high-net-worth individuals and family office investment advisory, emerging markets.

EFG private banker relocates from Switzerland to Dubai

A private banker that has had stints in Hong Kong and Zurich, has relocated to Dubai.

Italian private bank Banca Generali bids for broker Intermonte

Wealth managers such as Banca Generali are increasingly focused on the succession issues faced by the myriad Italian businesses that sprang up during the post-war boom.

JTC To Acquire Citi Trust

The acquisition brings with it an experienced senior management team with over 150 years of collective trust experience, supported by a skilled global employee base.

Wealth manager City & Merchant goes into liquidation

The FCA said it imposed restrictions because it had “serious concerns” the firm was not capable of being “effectively supervised” by the authority.

Schroders appointed by Metfriendly to run £270 million investment portfolio

The mandate, which emphasises the strategic importance Schroders places on working with the UK’s mutual sector, will encompass both multi-asset and short-dated credit assets.

Family offices confident recent growth in wealth will continue

More than nine in ten (92%) of those who have seen asset values increase expect even more growth over the next five years with 48% expecting dramatic increases.

Schroder Asian Total Return Investment Company plc - Half-Year Results

Technology holdings, especially those linked to artificial intelligence, were the largest contributors to performance and benefitted the technology heavy Taiwan market, where stocks rose strongly.

Raiffeisen relies on internal expertise in the asset management of its Futura funds

The change in the management of the active Futura funds from Vontobel to Raiffeisen enables holistic, internal management of Raiffeisen investment solutions and products.

ZEDRA confirms completion of acquisition of Blackstones in Poland

Blackstones’ service offering includes accounting & reporting, HR & payroll, company formation and corporate services.

Canaccord Genuity Group Inc. Announces Acquisition of Brooks Macdonald

The acquisition represents an important addition to the Company's international operations

Baloise generates growth in its attractive non-life business and reports an encouraging profit despite higher claims incurred

This increased the adverse impact from large claims and natural disaster claims on the Group’s EBIT by around CHF 30 million compared with the first half of the previous year.

Wealth and Asset Management