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

Erste Hungary CEO: Buys BNP Paribas Private Bank Arm

. Banks have been forced to narrow their network of branches and the number of employees.

City calls for heads to roll at Standard Chartered

Mr Sands has been chief executive of Standard Chartered since 2006.

Sanlam Private Wealth snaps up three advisory books

The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.

Game changes for foreign banks in Switzerland

While foreign banks do not make much of a splash in the Swiss media, in relative terms this inconspicuousness hardly seems justified.

Vestra partner and ex-Blair adviser Derek Scott passes away

Vestra Wealth partner and former economic adviser to Tony Blair, Derek Scott, has passed away.

Intesa Sanpaolo Private Banking posts 48% increase in net profits

Intesa Sanpaolo private banking posted positive H1 results, with net profits at €68.8m, a 48.1% year on year increase.

Skandia sets out RDR product plans

Old Mutual Wealth Management chief executive Paul Feeney says: “Market conditions are undoubtedly challenging for the financial services market but I believe there are significant opportunities to focus on.

Rich Britons prepare to flee the country

So why are they leaving, and should we be worried about it?

Greek bank boss sent €8m savings to London as his bank faced collapse

Theodoros Pantalakis, former chief executive of Agricultural Bank (ATEbank), exported the funds last year as the bank headed for insolvency.

Boutique multi-family offices take growth from banks

Of the top 10 fastest-growing firms ranked, only HSBC Private Wealth Solutions was part of a big bank with the other nine on the list boutiques.

Arbuthnot acquires new London Office

The lease is due to expire in December 2013 and as the building will be 25 years old it is planned that a renovation and fit out programme will be undertaken which is expected to cost approximately £5.0 million.

Kleinwort Benson bags industry accolade

Kleinwort Benson Investors is pleased and honoured to have been named "Investment Manager of the Year, Ireland, 2012" by the prestigious World Finance publication.

Barclays plans radical bonus reforms

Barclays is planning radical bonus reforms that could see staff having to wait until they retire to collect their awards.

Emirates NBD sponsors English golfer Melissa Reid

The young golfer, who plays on the Ladies European Tour, made her mark in women's professional golf with three professional wins at the Turkish Airlines Ladies open (May 2010), Deloitte Ladies Open (June 2011) and Open De España Femenino (Sept

Fiducia goes for gold with fund Olympics

Henderson Global Investors and M&G came second and third, respectively.

How Much are Olympic Gold Medals Worth?

Mark Wells, a member of that team, auctioned his medal off in 2012 and received $310,700 for it, which he needed to help pay for medical treatment.

Middle East investor buys luxury London-based handbag firm

A majority of shares in the handbag company’s holding vehicle, ASHS, have been sold to a third-party investor, believed to be linked to one of Qatar’s sovereign wealth funds, the paper said.

Global Asset Management Profit Margins at Risk - Research

According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.

RBS Results: Taxpayer Backed Bank Announce £1.5bn Pre-Tax Losses

RBS also unveiled a £125 million bill to cover the cost of its IT meltdown.

Liechtenstein Private Bank Expects 28 pc H1 Net Income Gain ‎

The Group expects to record total net income of roughly CHF 25 million (previous year: CHF 19.4 million) for the first half of 2012.

Wealth and Asset Management