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

BNP Paribas profits helped by job and spending cuts

BNP Paribas reported good performances this quarter despite a challenging environment marked by another slowdown of Europe’s economic activity and a new market crisis.

Schroders posts strong first-half inflows, profits down ‎

First half net inflows at 2.7 billion pounds, were well above forecasts of 1.3 billion pounds, buoyed by a 1.9 billion pound influx of client cash into its institutional asset management business.

Billionaire Hedge Fund Manager Returns $2B To Investors, Blames Merkel

The Times notes that by giving back $2 billion Bacon is losing revenue and potential performance fees if the remaining investments do well.

Former HSBC chiefs faces bonus clawbacks

One-time chief executive Michael Geoghegan and Sandy Flockhart, the head of the bank’s Mexican business for much of the period covered by the US investigation, are understood to be among former senior managers who face having parts of their bonus ta

KBC closes sale of private banking division‎

Due to its very high solvency – a core Tier 1 ratio of 16.5%, a 21.1% Loan-to-Deposit ratio and a substantial cash surplus of over € 3 billion – KBL epb is proving to be a high-potential acquisition for Precision Capital. KBL epb will ret

Standard Chartered 'a bridge between East and West' as profits jump 9pc

Standard Chartered said in its results statement that it has assisted clients in UK, Europe and the Americas, who are suffering with a debt crisis and government austerity measures, "to access the growth markets of Asia".

Asset Allocation Report - Rothschild

Is gold set to shine once again?

Schroders to reopen $3bn Commodity fund to wealth managers

The fund, part of Schroders' Alternative Solutions range, is reopening its dollar share class for small institutions, in a move which will open it up to wealth managers.

Modern Wealth Management Launches Model Portfolios for UK Clients

The Model Portfolios are now accessible to all clients as an integral part of the Saxo MWM platform.

F&C Asset Management H1 Net Loss Narrows

Net Revenue for the first half of 2012 declined to 120.6 million pounds from 137.0 million pounds reported for the same period last year.

Urquhart Stewart: Family-focused IFAs to thrive post-RDR

The current economic and regulatory upheaval is providing opportunities for fee-based family financial planners and this trend is set to continue with the incoming Retail Distribution Review, the rise in technology and the current austerity, 7IM founder J

Schroders urges Barclays to shrink investment bank in Agius letter

According to a letter seen by the Sunday Times, the asset management firm, one of the top 10 shareholders in the bank, said now is a great time to change the bank’s strategy.

Dubai Billionaire Staying Away From European Banks

But after the bank decided to cut its dividend, Al Habtoor felt it was time to go.

Libor scandal overshadows UBS Q2 results‎

In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.

Deutsche Bank earns sag on crisis volatility‎

"The European sovereign debt crisis continues to eigh on investor confidence and client activity across the bank."

Erste Group Bank 1st Half Net Profit Down 13%

Risk costs rose 6.6% from EUR 920.8 million in H1 2011 to EUR 981.8 million in H1 2012, or to 146 basis points of average customer loans.

UK High Streets are on the ropes, but new Harrods owner is able to take £100.5m payout from profits

Qatar’s sovereign wealth fund, which spent £1.5billion buying the Knightsbridge department store in 2010, opened its upmarket tills to hike the annual pay-out 342 per cent following a record year.

Large-cap companies with at least one woman on the board have outperformed their peer group

The study also found that in the middle of the decade when economic growth was relatively robust, there was little difference in share price performance between companies with and companies without women on the board. However, post the 2008 financial cris

Ashcourt Rowan halves losses as restructuring pays off ‎

Wealth management service provider says £400,000 underlying profit has “reversed a trend of deteriorating profitability”.

UK Wealth manager eyes discretionary offering in HNW push

"The discretionary portfolio space may have £500,000 or more. They might want something that takes them in to a different space, [utilising] other instruments that we would never bring into our mainstream portfolios. Read more: http://www.ifao

Wealth and Asset Management