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

ME bank sets up private banking division

The agreement was signed by Mr. Varouj Nerguizian, Executive Board Member and General Manager

City funds prepare assault on excessive executive pay

Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.

FTSE license charges leave wealth managers seething

A spokesperson for FTSE denied any changes in its commercial policy, particularly for Apcims members. She added: ‘Our current licensing requirements remain. There may have been some members who were not aware of this.’

Decide2 uses Cofunds and 7IM for 'assisted non-advised' service

Decide2 will also offer a similar process for protection and annuities. Hudson Green & Associates principal Ian Hudson says: “The regulator needs to look closely at how Decide2 dis- tinguishes between advice and non-advice.” If you enjoy

Barclays chief to defer part of bonus‎

Chief executive attempts to head off shareholder rebellion over £17m pay package at next week's annual meeting

Brewin Dolphin expands in Cheltenham

Alex Barrell, head of the Cheltenham office said: “We are very excited about our move. We needed to find larger premises but didn’t want to leave Cheltenham so St James’ is perfect.

Brown Advisory acquires stake in New York hedge fund

Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.

Berry offers clients Swiss National Bank deposit facility

Berry founder and chairman Jamie Berry said the facility would be offered to clients through strengthened ties with parent Swiss private bank Bordier.

Iveagh scraps Wealth Fund performance fee

The performance fee on the fund was previously set at 10 per cent of returns above the hurdle rate, which was set at three-month USD Libor.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

BNP's Prot denies bank assisted tax evaders

Reading heavily from notes, Prot - who for more than a decade helped oversee BNP's expansion into a sprawling but very euro zone-focused banking giant - played down the bank's presence in tax havens during a grilling from a Senate committee on t

Hargreaves Lansdown defies volatile markets

Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.

Wealth management group increases discretionary funds to £3.5bn

As at 31 March, wealth management group Brooks MacDonald’s discretionary funds under management stood at £3.5bn, a significant increase over the first three months of the year haven risen from £3.2bn at the end of 2011.

Banks plot to sue EU over bonuses

Banks have hired lawyers to look into suing the EU if Brussels imposes new restrictions on bonuses that they say would wreck their businesses, City A.M. has learned.

Barclays pay row lifts the lid on bank's closed culture

Bob Diamond's tax bill is just the tip of the remuneration problems facing Barclays.

Europe's old wealth seeks new home in Asia

These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.

Former Spurs player sets up financial firm‎

HE made his name in Britain as a central defender for Tottenham Hotspur at the end of the 1990s.

Duke of Westminster’s Grosvenor Reports Record Earnings in 2011

Grosvenor Group Ltd., the property company owned by the Duke of Westminster’s family trusts, said earnings before items rose to a record last year as it increased rental income and cut expenses.

Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.

Dutch Bankers Must Take Oath to Put Client First, De Jager Says

The Dutch spent about 30 billion euros ($39 billion) on the 2008 bailout of Fortis’s Dutch units, including its stake in ABN Amro Holding NV.

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