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

Bonus cuts hide bigger problem for investment banks

From reducing bonus pools, to capping the amount of cash paid out and clawing back past incentive awards, investment banks are taking what many analysts say is a long overdue look at how the sector’s high pay levels are impeding profit growth.

Banking on Buddhist Economics: how enduring values underpin a 300-year-old family bank

In 2008 we were Private Bank of the Year in the CitiWealth Magic Circle and Spears Private Bank of the Year. What is going on?

Aberdeen Asset Management on the threshold of joining Footsie elite

It will be a far cry from when Aberdeen’s role in the scandal pushed the firm to the brink of administration.

French wealthy eye escape exit as tax burden rises

Advisers to the millionaires report a rise in inquiries from those considering an exit to Switzerland or Monaco - or even Belgium and Britain - before presidential elections this spring.

Natixis Fourth-Quarter Profit Declines 32%

Natixis SA, the investment-banking and asset-management unit of Groupe BPCE, said fourth-quarter profit fell 32 percent after writing down Greek sovereign debt.

Credit Agricole Has Wider-Than-Estimated Loss on Writedowns

In 2012, “the main worry is the need for economic growth to get restarted,” Chief Executive Officer Jean-Paul Chifflet said in an interview with Bloomberg Television. The company, which holds the largest lending book in France, plans “to

SJP rolls out code of conduct for advisers on trail

Wealth manager St James’s Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

Dexia Posts 2011 Loss on Greece, Restructuring

Dexia has reported a €11.64 billion ($15.42 billion) net loss for 2011, driven by a write-off of its Greek bond portfolio and costs linked to the break-up of the bank.

Europe has ring fenced 'Greece' for now: HSBC Private Bank

Arjuna Mahendran, the managing director, Head Investment Strategy Asia, HSBC Private Bank tells CNBC-TV18, he expects the European Central Bank (ECB) to infuse 400 billion to 1 trillion euro via a second Long Term Refinancing Operation (LTRO) on February

Commerzbank Defends Reneging on Bonus After German Lender Fell Off ‘Cliff’

Commerzbank, which took over Dresdner in 2009 and cut bonuses by 90 percent or more, is defending a lawsuit brought by 104 Dresdner bankers who want individual payouts of as much as 2 million euros ($2.7 million).

Bankers, Watch Your Bonus, It May Be Revoked

Swiss bank UBS is taking back 50 percent of share-based bonuses over 2 million Swiss Francs ($2.2 million) paid to investment bankers in 2011, after a profit plunge for 2012.

Exclusive: HSBC To Overhaul UK Bonuses

HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.

Chastened UBS uses 150th events to polish image

The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.

Record year for St James's Place

“Whilst the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever. Given the market opportunity available to us, together with the continuing growth and development of the Par

Barclays Wealth expands advisory service to Monaco

Barclays Wealth today announces that it has extended its Wealth Advisory reach and is now able to offer services directly to clients in Monaco.

Threadneedle systems catch £95m 'rogue trader'

Success contrasts with UBS and Societe Generale where dodgy trades initially went unnoticed

Baroness joins UK wealth managers board ‎

She was previously editor-in-chief at the Wall Street Journal, Europe.

Erste Bank retains crown as leading private bank

The awards are even more relevant as they are based on a survey conducted within the industry, and therefore it was not a jury, but rather industry experts themselves who assessed and ranked the individual banks.

Trust boards are still failing too often on discount controls say investors

Despite this, 36% of respondents believed there would be a marginal or no impact on the demand for investment trusts as a result of the RDR. Only 11% thought the impact would be ‘considerable’.

Rathbones sees full year 2011 profits jump 30 percent

Pre-tax profits at Rathbone Brothers increased 30pc last year to £39.2m as the wealth manager said it was "cautiously optimistic" for 2012.

Wealth and Asset Management