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

British bankers earned more than the rest of the European Union put together

Figures from the EU's banking regulator showed 2,346 bankers earned more than 1m euros in the UK, compared with 739 in the rest of the EU

Survey Finds Investors Still Confident In Global Growth Despite China Doubts - BofA Merrill Lynch

Allocations to Equity Rise, Bonds Increasingly Undesired

Dubai loses ground to London in battle of banking

London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access

HSBC Trinkaus to sell private banking in Luxembourg

Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.

Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share

The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.

Wealth managers fire warning shot over ‘super clean’ fund deals

The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.

7IM bags £80m model portfolio mandate

Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.

France Clarifies Rules On Wealth Tax Cap

he French Finance Ministry has clarified regulations pertaining to the wealth tax cap and life insurance contracts.

Psigma IM buys AXA Framlington private client arm

Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth.

Walker Crips launches the UK’s first regulated bridging finance fund

T Bailey Fund Managers will act as the Authorised Corporate Director (ACD) and administrator and National Westminster Bank Plc will be the depository.

HSBC to retain private banking operations in Monaco

Following completion of this review and consideration of expressions of interest the decision has been made to retain the business.

Crédit Agricole Bids Adieu to Pricey Lunch

Anything above those spending limits will not be reimbursed or only exceptionally if the additional expenses can be duly justifie

Wealth management survey finds evidence of uncontrolled IT spending

This comes as wealth management businesses are also facing rising costs of regulation - via new rules

Big banks win the wealth offensive

The Scorpio Partnership Global Private Banking Benchmark 2013 indicates strong rebound among 209 global wealth management players; UBS takes ranking top spot as a “champions league” of firms emerge

Transformational change sweeps wealth managers as they reconfigure to win back client trust

Will women and millennials transform the wealth management industry?

Regulatory Legal partners with wealth manager to offer services to IFAs

Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.

Quilter Cheviot adopts new corporate identity

he group has created a new logo and website and from now on the Quilter & Co legal entity will be renamed Quilter Cheviot Limited

Credit Agricole Bank launches service package for expats in Romania and for Romanians who work abroad

Credit Agricole Bank Romania recently launched a package targeting expats in the country.

Singapore To Use National Wealth To Buy In Europe And North America

While much of the Western world, Japan, and even China are wallowing under crushing debt burdens

UBS once again the world's largest private bank as assets surge

UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year

Wealth and Asset Management