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

James Brearley back in black and on bid hunt after restructure

James Brearley is back in the black after slashing nearly £1 million from its wage costs following a restructure.

Walker Crips rolls out bespoke discretionary service

Walker Crips is seeking to increase its presence in the adviser outsourcing space by rolling out a bespoke discretionary service, alongside a model portfolio range to intermediaries.

Appointments as Investec Wealth & Investment integrates Williams de Broë

Investec Wealth & Investment has announced that the transfer of Williams de Broë employees and client accounts has taken place successfully and the businesses have now been combined under the single brand of Investec Wealth & Investment.

Chartis PCG and Markham Private Clients in exclusive HNW deal

Guy Huntley, UK head of the PCG, commented: “I am delighted with our partnership with MPC, which will bring a range of benefits to both brokers and clients. Read more: http://www.insuranceage.co.uk/insurance-age/news/2203396/chartis-pcg-and-markham

UBS’s Ermotti Warns Staff on Misconduct Before Adoboli Trial

The former trader at the firm’s investment bank in London pleaded not guilty in January to charges of fraud and false accounting.

City slams wealth tax

“There is likely to be another exodus of wealthy individuals if Nick Clegg manages to introduce a wealth tax,” said partner Camilla Wallace.

Commerzbank CEO: pay must realign to industry levels

"It would be appropriate if excessively high pay would narrow again towards that in industry," Blessing said, adding however, that any bank that took the first step to curb pay risked losing talented employees to rivals.

Wealth manager launches seven risk-rated portfolios

The portfolios can invest in funds, exchange-traded funds and some direct bonds and there is a possibility it will one day invest directly into stocks and shares.

Rothschild appoints new head of UK private banking unit

He remains a member of the Global Wealth Management and Trust Executive Committee, the source said.

Credit Suisse denies Swiss banks helping Germans dodge tax pact

German media have accused Swiss banks of telling German clients to shift money to Singapore, Asia's prominent finance centre, to avoid detection and taxation of their assets.

Turcan Connell opens office in Glasgow

Turcan Connell, which was represented by Eric Young & Co, already has offices in Edinburgh, London and Guernsey, but following research identified client demand for an office in the West.

Wealth managers must ‘get house in order’ as FSA hones in

Firms that market themselves as ‘wealth managers’ must review their processes to ensure that they have sufficient controls to mitigate the potential for mis-selling and document every part of their advice process, according to one compliance e

Boutique wealth manager launches managed portfolio service

Advisers will be able to discuss investments with the Berry managed portfolio team, “as required”.

Former Citisoft Senior Managers Start New Consultancy ‎

IAWMC is a specialist operations, systems and IT infrastructure consulting firm which has been established to provide management and IT consulting, interim management and recruitment services focussed solely on the needs of the Financial Services’ s

The multi-boutique style grows in popularity

Create, a consultancy, goes so far as to predict multi-boutiques will become the dominant operating model this decade.

Germany's Schaeuble wades into bank bonuses debate - FT

The argument over capping bankers' pay is threatening EU efforts to implement the global bank rules known as "Basel III" by the January 2013 deadline.

KBI wins $500m in new businessKBI gets $500m mandate from Mercer and Merrill wealth arm

It also also landed the Investment Manager of the Year (Ireland) Award by World Finance magazine.

Hargreaves Lansdown founders set for £40m windfall

Hargreaves Lansdown founders Peter Hargreaves and Stephen Lansdown are set to receive a £40m dividend windfall as the company gets set to unveil its year end results this week.

SJP partner ‘cloned’ by fraudsters

The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.

HSBC adopts content approach with ad-funded business series

Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at

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