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

F&C Asset Management Response to Press Speculation

F&C and BMO are in advanced discussions about the details of the Possible Offer and the Board of F&C has indicated to BMO that it is likely to recommend a firm offer at the Offer Price.

Brooks Macdonald makes ‘good progress’ over first half

The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013

Close Brothers Bullish Amidst Improving Market Sentiment

It expects asset management profits to increase 160 per cent to £10.4m for the year.

Charles Stanley total client funds reach £20.1bn

Charles Stanley Group’s total client funds reached a record £20.1bn in the fourth quarter of 2013, up 9 per cent from £18.48bn the previous quarter.

Credit Suisse Bonuses to Include Bonds That Can Be Wiped Out

A representative for Zurich-based Credit Suisse confirmed the memo’s contents.

A UK wealth market spotlight: Analysis of consolidation in the UK

This is the most authoritative look at consolidation activity in the global wealth space.

SJP chief lauds group's 'reassuring consistency' after record FUM

Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.

Brown Shipley enters race for Jupiter wealth arm

Brown Shipley has emerged as a potential buyer, a move that would bolster the private bank’s investment management operation in London.

UK's best portfolio managers rewarded at Portfolio Adviser Wealth Manager Awards 2014

Portfolio Adviser rewarded the UK's finest portfolio managers last night at its invitation-only Wealth Manager Awards held in London.

Rothschild Completes €200m Fund Raising for First Oberon Credit Investment Fund

The Fund targets a 7-9% net IRR, via quarterly cash distributions, offering low volatility of returns and superior access to assets via a proven and highly respected Investment Adviser.

Wealth managers caution equities face setback despite clamour for risk

Barclays Wealth & Investment Management’s European CIO, Kevin Gardiner, said the firm has moved heavily overweight cash on fears an equity market correction is “long overdue”.

Former Barclays executive sets up new bank

The news comes as the government tries to boost competition in the banking industry

Close Brothers Asset Management announces sponsorship of National Family Business Day 2014

The National Family Business Day, launched by Family Business United is designed to recognise the invaluable contribution family businesses make to the British economy, a fact that has often gone unreported and under-appreciated.

Euroclear’s Collateral Highway grows 12 percent to EUR 787 billion in 2013

This 12 percent increase on the Collateral Highway – which allows users to seamlessly source and mobilise their securities irrespective of location in order to cover trading exposures and to access central bank liquidity – comfortably eclipsed

Deutsche Bank posts €1.2bn loss for fourth quarter

Its parent Deutsche Bank had a tough quarter, recording a net loss of €965 million for the last three months of the year as a slowdown in fixed income trading took its toll on earnings.

Barclays scraps private banking for sub-£500k clients

The standard cost to transfer an account from Barclays Wealth is £20 for each fund or stock held and £50 if moved offshore.

UK wealth manager appoints industry vet as new head of private banking

He is a highly experienced business leader within banking, wealth management and investment management sectors. He has held a number of senior executive roles including Vice Chairman & Group CEO at Sanlam Private Investments UK, Group CEO of the Ansba

Wealth and Asset Management