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

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

RBS hires Goldman for Coutts International sale

By refusing to give any bidder or joint venture partner rights to the Coutts brand, RBS is likely to put off most private equity investors, unless they already own a private bank to which they could transfer its customers.

The Melting Ice Cube by Toby Birch

As a closet introvert it pains me to put my head above the parapet but there comes a time when someone has to shout that the Emperor has no clothes. Recent data shows that Guernsey’s investment fund industry is shrinking rapidly while our ranking as

Hargreaves Lansdown names bespoke DFM partners

It has carried out due diligence on a number of wealth managers and has formally endorsed the two firms, to which it recommends advisers refer bespoke discretionary asset management clients.

Brewin Dolphin in Manchester pledge

The Manchester office of wealth manager Brewin Dolphin is on target to double funds under management within three years.

Wealth and Asset Management