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

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.

One fifth of rich want to flee Britain ‎

One in five Britons with more than £250,000 in savings are thinking of living abroad because they are tired of crime, poor weather and the high cost of living, the wealth management arm of Lloyds Banking Group said on Monday.

Societe Generale Private Banking renews golf partnerships

Renewing these partnerships enables Societe Generale Private Banking to offer its private clients the opportunity to play with top-level golfers through an exclusive events programme organised around this sport throughout the world.

Sparkling opening to new year for Fairbairn Private Bank

Fairbairn Private Bank today announced its strongest opening quarter for new business since the financial crisis commenced in 2008.

JO Hambro IM eyes charity expansion with hire

J O Hambro Investment Management has added a new marketing manager to its charity team as it looks to add to the 95-strong list of charities for which it manages money.

Cameron suggests UK charity tax changes may be watered down

Cameron said this week he’s ready to be the first British premier to publish his tax returns, according to a person close to him, as he seeks to defuse accusations that he’ll benefit personally from a cut in the top rate of income tax next yea

Liontrust completes acquisition of Walker Crips

The WCAM name will disappear in the future and the four funds will take on the Liontrust branding.

Wealthy abuse charity donations to cut tax, says No 10

Mr Osborne said on Tuesday he was left shocked by the scale of legal tax avoidance by multi-millionaires.

UK expats face ruin in Spain and France after being duped by bogus financial advisers

The schemes are often sold by rogue financial advisers who exploit weak consumer laws on the Continent by falsely claiming to be bona fide accountants.

Big Firm Bonuses - Why 2012 Is Shaping Up To Be A Pretty Awful Year

The big winners year to date are BMO Capital Markets, RBC Capital Markets, Mitsubishi UFJ Financial Group, TD Securities, Wells Fargo and HSBC. And the biggest losers are Barclays, Nomura, Goldman and Bank of America Merrill Lynch.

Investec to drop Williams de Broë brand

The move follows in the footsteps of Investec’s decision to rebrand Rensburg Sheppards after its takeover of the firm in 2010.

7IM backs European financials

The group’s latest investment outlook explains that European equities as a whole have reached a point where they can be considered undervalued.

New white paper on investing in a “new normal” environment of high volatility and low yields released

Authored by Yogi Thambiah and Nicolo’ Foscari, both from the Investment Strategy Americas CIO Office, the paper addresses how investors can adjust risk frameworks to deal with a “New Normal” environment of increasing volatility and low-

Changes At The Top Of Venerable German Private Bank

While they may be a period where no member of the von Metzler family is among the bank’s partners, Leonhard von Metzler, 36, may be accepted as one in the future, FT Deutschland said in an e-mailed summary of an article to be published tomorrow.

Wealth and Asset Management