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

'Mansion tax' set to hit Gulf buyers in London

It looks as though the UK government is trying to capitalise on this politically."

Sustainable investment flourishes amongst European high net-worth individuals

The encouraging increase means that there is now some €1.15 trillion invested

Collins Stewart plots regional acquisition to expand UK presence

I have talked to people about regional offices but it’s difficult

Van Lanschot trading update: Q3 2012

The management fees rose slightly compared with the first two quarters of the year

Broker feedback directs Chubb HNW restructure

"During this time the market has changed considerably, with a number of new players entering which has heightened competition for business."

Canaccord Financial Inc. reports second quarter fiscal 2013 results

Generates net income of $5.9 million during the quarter, excluding significant items

Europe’s wealthy warm to sustainable investments

The findings comes from a study by EuroSIF, the European Sustainable Investment Forum, on High Net Worth Individuals and Sustainable Investment, created with the support of Bank Sarasin.

AUM at Schroders still on the rise

Clients continued to put investment funds under the jurisdiction of asset manager Schroders during the third quarter, but the group is seeing a slowdown in Institutional flows.

Vontobel, Raiffeisen at loggerheads over Wegelin unit

Vontobel said on Wednesday the banks had failed to come to an agreement over whether Notenstein Privatbank, which Raiffeisen bought in January, could provide certain services directly to Raiffeisen.

Germany's second biggest lender may cut up to 6,000 jobs

Without naming sources German weekly Die Zeit reported on Wednesday that the job cuts are part of a multi-billion euro cost-cutting programme running until 2016.

Commerzbank profit misses estimates

Commerzbank, which said it's forgoing its dividend to invest in the core business, reported profit that missed analysts' expectations on losses from non-core assets and a decline in consumer banking earnings.

Société Générale Profit Falls

"The group faces complex and demanding challenges in 2013. However, the group's transformation and limited exposure to extreme risk scenarios in the euro zone place it in a strong position to deal with these challenges," the bank said in a

BNP Paribas eyes more cuts to counter European slowdown

Retail banking, once viewed as a stable counterweight to riskier investment banking, is now also coming under fire as it struggles to make money in a era of low interest rates.

Charles Stanley adjusted pre-tax profits down 17.6%

Charles Stanley has seen its pre-tax profits tumble by 34.6 per cent in the first half of this year, much of it blamed on the FSCS levy and the cost of building its direct platform.

Rich move valuables East, spooked by West's economic woes

"We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to," said Joshua Rotbart, general manager of Malca-Amit Precious Metals Ltd.

UK Private Bank rationalises multi-jurisdiction global fund range

The merger allows for a consistent investment process aimed at enhancing returns while minimising risk, the company stated.

ING Q3 profit falls

ING Group's 3Q12 net result was EUR 609 million, or EUR 0.16 per share, including divestments and special items.

Rathbones acquires Taylor Young IM's wealth business

TYIM funds under management were £337 million at 2 November 2012 and Rathbones expects to pay a total of up to £10million for the firm.

Funds under management rise at Old Mutual

Funds under management in core operations up 4% to £263.3 billion

Skandia platform assets hit £21.8bn despite sales drop

Skandia, which has since begun to rebrand as Old Mutual Wealth, saw UK platform gross sales of £900 million, down from £1.2 billion in the third quarter of 2011.

Wealth and Asset Management