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

Investec CEO signals recruitment drive for UK wealth arm

‘We are selectively recruiting investment professionals to try to capture flows

Sanlam launches joint venture professional connections firm

Sanlam Private Investments (SPI) has created a new company to which professional connections can outsource their clients’ wealth management through a joint venture approach.

Ex-UBS equities head to set up African venture

A former UBS executive who co-led the bank's equities team at the time of its 2011 rogue trading scandal, is to set up a brokerage and advisory business focusing on Africa.

French banks challenge local loyalty of Germany's Mittelstand

France's big banks are embracing an unlikely challenge - to prise away some of Germany's mighty Mittelstand of small and medium-sized enterprises from their local banking partners.

Pioneers of Multi-family Office Sector to Create Major Combined Force

Newly appointed CEO to manage the expansion of the two firms

Arbuthnot Private Bank reports pre-tax profits up 25%

Chairman and chief executive Henry Angest said: "This has been another significant year. Both banks have made good progress. We have substantially increased the net assets of the group and at the same time been able to pay shareholders a special divi

Merrill Lynch Wealth Management and Edhec Business School Joins Forces to Advance Goals-Based Wealth Management

We are delighted to be able to work on the industry-relevant and intellectually stimulating subject of risk and goal allocation, thanks to our collaboration with Merrill Lynch on this research chair"

French boutique launches global megatrends Fofs

Cedrus Asset Management has announced it is launching a multi-manager fund which aims to assemble a portfolio of the best global thematic equity funds in the market.

Aberdeen gets approval for Scottish Widows acquisition

The Company expects to issue a statement on 1 April 2014 to confirm that completion has taken place and to issue a trading update on the same day.

Societe Generale Securities Services mandated by CNP Assurances for collateral management services

Societe Generale Securities Services has been mandated by CNP Assurances to provide collateral management services with regard to collateral swaps between CNP Assurances and its counterparties.

Brewin Dolphin tipped for post-Budget bounce

Brewin Dolphin could enjoy a post-Budget bounce in its share price as it prepares to help pensioners navigate a new pensions climate, Alex Wright of Fidelity Special Situations has predicted.

Coutts launches a charitable foundation

Coutts, the private bank and wealth management service has launched the Coutts Foundation, a grantmaker which will aim to help tackle the causes and consequences of poverty.

Move over investment banking - private banking is the new career of choice

Since the fall from grace of the Gordon Gekkos of investment banking, the more sedate (and responsible) world of private bankers has started to attract high-fliers, says Giulia Cambieri

High-net-worth investor confidence surges to post-crisis high

The last time investor confidence levels were higher than this current level was back in March 2007

Brown Shipley chief: we're not under pressure to do deals

Brown Shipley chief executive Ian Sackfield has said the business will not simply do deals ‘for the sake of it’ and has stressed it is under no pressure from Qatari backer Precision Capital to do so.

Bank of Montreal Says F&C Attractive Even After Withdrawals

Bank of Montreal said it still considers its $1.2 billion takeover of F&C Asset Management Plc “attractive” even after the U.K. money manager disclosed a key client will pull more money from its funds.

SocGen seeks to pay bankers bonuses up to double their salaries

France's No. 2 listed bank, Societe Generale, said it will ask shareholders for permission to pay some staff bonuses worth up to double their salaries, in accordance with the European Union cap on bonuses.

Friends Life awards £14.5 billion mandate to Schroders

Friends Life is to transfer £14.5 billion in assets from F&C to a new strategic partnership with Schroders

Investment trusts hail RDR as platform sales increase 67%

The AIC commissioned a report using Matrix Solutions’ Financial Clarity to evaluate adviser and wealth manager investment company platform purchases in the first year after RDR.

Private equity guru buys big stake in fledgling Liverpool fund firm

Via his family office, Perscitus Advisers, he has acquired a significant minority interest in the new fund management firm, which was founded in 2010.

Wealth and Asset Management