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

Net Promoter Score confirms Private Bank’s standing with its clients

The Net Promoter Score is a loyalty metric which gives an indication of how clients represent a company to their family, friends, colleagues and associates.

Lombard Odier in £2.7m legal row with ex-London hedgie

He is said to be looking for £2.7 million in compensation in relation to the management of a $500 million hedge fund, LO AOG Energy.

Old Mutual Wealth scraps Skandia brand

The company’s offshore investment business Skandia International will be rebranded to Old Mutual International early next year.

Julius Baer eyes Coutts international arm, wary of bidding war

Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm

Barclays picks hedge fund platform founder to head wealth unit

With over 35 years' experience in the financial services industry he joins from InfraHedge which he founded in 2010 and was acquired by State Street Corporation at the end of 2013

Rise of the new private banking clubs

Some banks still operate that way, but high street brands have also entered the market, offering “premier banking” and a relationship manager.

Myth Busting Family Businesses - KPMG

When most people think of a “family business”, their mind instantly turns to some version of a little corner shop, most likely run by a husband and wife. If not that, as there are famous examples of very successful family businesses, then most

Analyst says pension rules good for wealth advisers

Wealth adviser St James’s Place is in a strong position to take advantage of the government’s changing pensions and Isa rules

Where the biggest banking bonuses will be this year

Currency traders are expecting a £63,000 fall in bonuses amid an industry rigging scandal, while commodities trader pay-outs are expected to be up £38,000

Wealth managers are having to merge to survive as regulation gets tighter

When Schroders, one of the UK’s oldest asset management companies, bought fellow City institution Cazenove in July 2013, the world of finance was shocked.

The Skandia Scandal: Whose Fault? by Henrich Greve, INSEAD Professor of Entrepreneurship

Reputations are valuable and easily tarnished even by association: a little care and attention can help.

Antwerp Diamond Bank Faces Liquidation as Sale Stalls

A KBC spokesperson declined comment, citing confidentiality, but said the bank would make a statement “if there was relevant news.” Antwerp Diamond Bank CEO Pierre De Bosscher and Yinren did not respond to requests for comment.

STEP Private Client Awards 2014/15

Sir Michael Birt QC was honoured with the prestigious Lifetime Achievement Award

‘The Zebra no longer has a thorn in its foot’ – Kosseff

The bank will face stiff competition in the UK, both from the private banking units within large High Street institutions, such as Barclays and HSBC, as well as established private banks like Coutts.

IFA criticises shift to high net worth clients

Financial advisory firms who have been focusing on high net worth individuals to maintain profits since the Retail Distribution Review have been branded “short sighted” by Craig Palfrey, partner at Penguin Wealth.

Efforts to tempt wealthy individuals to island increased

Guernsey is following in Jersey's footsteps with a campaign to attract wealthy people and their businesses to the island.

Goldman and UBS miss out on Anglo's pot of gold

Goldman Sachs, UBS and Rothschild could have missed out on up to $25 million in fees after the proposed spin-off of AngloGold Ashanti fell through less than a week after being announced.

Swiss Banker Urges Better Access to European Market

Switzerland should strike accords with European governments to secure better access for the country’s asset and wealth managers to clients in their major markets, according to the Swiss Bankers Association.

Cass Business School strengthens ties between UAE and South African Bankers

This is the fourth time they have hosted the BANKSETA delegation, further strengthening the ties between UAE and South Africa's banking community.

Private banks set to benefit from UK account switching

“Seven day-account switching will really come into its own when private banks start offering current accounts for all in 12-36 months’ time to promote early loyalty,” said Mike Davies

Wealth and Asset Management