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

Founder of Bestinvest snaps up £500m wealth manager

EQ Investors, a new wealth management business backed by Bestinvest founder John Spiers, has announced the acquisition of the Truestone Wealth Management business.

UBS Seeks Bankers for French Super-Rich While Facing Fine

UBS AG, Switzerland’s largest bank, plans to hire private bankers to serve French millionaires from Geneva as it faces a possible record sanction on allegations it helped clients evade taxes in France.

Why wealth management is booming in the Midlands

The event, to be held at the Forest of Arden Marriott Hotel, will bring together a select group of wealth managers for an interactive morning of presentations from the likes of First State Investments

Why the French are saying au revoir to France

Centre-right deputies are convinced that the people who are the "lifeblood" of France are leaving

Old Mutual Sweetens £650m Bid For Wealth Firm

People close to the situation said that a deal between the two companies was not certain

How channelling Picasso can lead to fresh fund selection ideas

Celine Kalfa, head of fund advisory at Vega Investment Managers in the centre of Paris, aptly points to one of the city’s cultural icons to encapsulate her approach to picking funds.

Tilney Bestinvest looking to expand now merger is complete

Tilney Bestinvest, the newly-merged wealth management and investment business, plans to expand its 50 staff in Scotland and open new offices.

RBS tells Coutts to cut costs by a fifth

It forms part of RBS’s broader target to bring the cost/income ratio of its Commercial & Private Banking division, which houses Coutts, down to 60% via ‘an active programme of cost savings’.

Luxembourg as a financial centre

A little country with more to its repertoire than tax breaks

Equilibrium proves smaller is better for property

That is where you’ll find the big discretionary managers will have much lower property exposure than we are able to have

Old Mutual Wealth scraps annual drawdown fee

Old Mutual Wealth is “simplifying” its charging structure, including removing the annual pension drawdown fee which the company claims will benefit around 8,000 customers, with effect from 1 January 2015.

Bath IFA kicks off discretionary drive

Since July, Epoch has been working with Pershing and a select number of clients to build up the service.

WMA to lead strategic review of industry

Incoming chief executive of the Wealth Management Association Liz Field is to spearhead a strategic review of the industry and is calling on the trade body's members to give their views.

Swiss bank continues to sharpen its focus on private banking

Plans to reorganize asset management business

Online challenge to wealth manager fees

SCM Private last week launched three consumer wealth platforms targeting different investors and offering a range of portfolios

DBS completes deal for Societe Generale's Asian private banking wing

With the acquisition, DBS said it now has S$88 billion in high net worth assets under management and S$129 billion in assets under management for all wealth customers.

Banque Havilland acquires Liechtenstein private bank

The acquisition support the strategy of the Banque Havilland , build an international private banking group, which had specialized in high net worth individuals , particularly from regions with high growth potential .

Societe Generale expands its private banking offering in Croatia

Splitska Banka, the subsidiary of the Societe Generale group in Croatia, is expanding its private banking offering for top-tier wealth management clients, supported by the expertise of Societe Generale Private Banking (SGPB).

A Powerful Sovereign Wealth Fund Investment Trend

In September this year, Norway’s sovereign wealth fund, in one giant swoop paid US$ 1.5 billion for minority interests in two Boston properties and the former Citigroup Center in Manhattan.

RBS 'will stop Coutts International buyer using brand'

Royal Bank of Scotland hires Goldman Sachs to find buyer for internation arm of private bank, according to reports

Wealth and Asset Management