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

Man Group a rare active bright spot as passives dominate Pridham Report

BlackRock and Vanguard top the Q2 sales charts, but Man Group’s flagship Japan and UK equity funds also prove popular.

“Swiss banking” miracle in the Bahamas

The core components of the group are the Swiss asset manager UCAP Wealth Management and Capital Union Bank

Global Wealth Tax Could Raise $2.1 Trillion Annually for Climate Action and More

The two-tier tax system allows billionaires to pay tax rates that are half the rates paid by the rest of society

“Things can only get better” - New direction and leadership for the UK Market

A key focus of the manifesto is investment into infrastructure projects and the movement towards a green future, in the hopes that a state-led initiative will drive a surge in productivity.

LGT reports solid business growth and continued strong net asset inflows

International financial markets performed well overall in the first half of 2024, despite persistent geopolitical and economic uncertainties.

USS sells 6 Gracechurch Street office asset in London

The acquisition is the first deal for the partnership between Quadrant and the family office, which aims to create and manage a “portfolio of high-quality central London offices”.

Thousands more UBS jobs could be cut, newspaper reports

The combined banking group has shed 9,000 jobs in the last 12 months, achieving CHF6 billion in costs so far.

Why British asset managers are twice as profitable as German ones

Financial institutions in Great Britain generate the highest revenues in Europe - and the trend is rising.

Hove Capital Management Reinforces Leadership in Wealth Management with Focus on Fixed Rate Bonds Amid Economic Uncertainty

Fixed-rate bonds have emerged as a favoured choice, offering reliable returns and a safeguard against market volatility.

Evelyn Partners’ Cambridge office completes sale of leading environmental specialist

The deal adds to a growing list of credentials in the sector for Evelyn Partners, which has previously advised on the sale of Tri Fire to Phenna Group and Crowthorne to Normec.

CEO of FNZ-backed DFM questions MPS innovation

Aspen founder Andrew Spence aims to combat the industry’s ‘lack of imagination’ by offering a digital experience with a wide range of portfolios with the help of strategic partner FNZ.

VZ Holding AG: VZ Group’s results grew well in the first half of the year

CEO Giulio Vitarelli expects growth over the entire 2024 financial year to be in line with the long-term average.

Financial adviser opens St Gallen branch

SMZH, which was founded in 2003 and has over 120 staff, said the new location will allow it to be closer to clients in the region.

GAM’s global equity chief adds ex-Newton colleague as PM

Paul Markham has reunited with a former senior portfolio manager from his previous employer.

Alex Toohey nominated for Citywealth Investment Manager of the Year award

‘I consider it a privilege to be on the shortlist among such reputable professionals in the wealth management industry’

NatWest Group’s Associate Director recognised as Fund Finance Association ‘Rising star’

The Rising stars awards recognise outstanding individuals with less than 10 years of experience who have made remarkable contributions to the fund finance industry.

Why are private banks setting up shop in Spain?

Being on the ground will enable the Private Bank to be closer to the needs of our Spanish clients

Does the number of millionaires matter to wealth managers?

The UK is expected to suffer the most from increasing global wealth mobility over the next few years

Martin Gilbert attempts to woo investors for AssetCo plan

City veteran is trying to turn around lossmaking Aim-listed vehicle by splitting its shares

Stonehage Fleming Holds Final Close on Private Capital Annual Vintage Programme Raising in Excess Of $160 Million For The 2024 Fund

Each annual fund invests in approximately eight best-in-class managers that will provide underlying exposure to approximately 100-150 high quality portfolio companies.

Wealth and Asset Management