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

Bordier signs on as Sygnum Singapore’s first B2B partner bank at the Singapore Fintech Festival

Partnership will allow Bordier to leverage Sygnum’s institutional-grade custody, risk management and off-balance sheet digital assets

Edmond de Rothschild and BIDV form a strategic Alliance to create the leading private bank in Vietnam

This partnership will offer unrivaled opportunities for BIDV’s Private Banking clients to experience the most high-end services and connect with global elites through Edmond de Rothschild’s unique ecosystem in Europe.

Julius Baer to sell Kairos to Anima

Julius Baer Group and Kairos’ co-shareholders have agreed to sell 100% of Kairos to Anima Holding. Closing of the transaction is expected in spring 2024.

Results of the ONE swiss bank SA Extraordinary General Meeting held on 16 November 2023

In addition to this delisting, the EGM approved the distribution of an extraordinary dividend of CHF 0.23 per share, paid out of the Company’s reserves.

Two Julius Baer Guernsey wealth managers in Citywire’s Top 100

Citywire, a financial media company offering news and analysis for financial professionals, compiles an annual list of the UK’s leading fund selectors, which is now in its 12th year.

Wealth firms could see jump in fines in wake of consumer duty

After largely avoiding heavy penalties over the last few years, Oxford Risk has warned the wealth sector could see a sharp rise in fines following the introduction of consumer duty.

Silchester sells down long-held stake in GAM

The UK boutique has reduced its allocation to the Swiss asset manager in the wake of NewGAMe’s deal.

EFG International: Record profitability with net profit in excess of CHF 240 million in 10M 2023

In the first ten months of 2023, EFG delivered net profit in excess of CHF 240 million.

Wealth management sector pays out £3.8m in fines to FCA

The £3.8m equates to around 7% of the total £52.8m in fines imposed by the FCA in the year to date.

Liontrust suffers bruising losses as clients pull £3.2bn

Pressure from failed GAM deal and its UK equity bias have hurt Liontrust, with losses amounting to £10m in six months.

Baloise continues to generate growth

All national Baloise companies contributed to the growth, both in local currency terms and in Swiss francs.

Vencora UK Limited announces public takeover offer for all Traded Shares of CREALOGIX Holding AG

The Board of Directors of CREALOGIX unanimously recommends that shareholders accept the offer.

ZWEI Wealth launches B2B solution “Wealth Office Professional”

Third parties such as financial advisors, financial planners, trustees, multi-family offices and similar service providers can now also offer and operate a wealth office to their customers.

Close keen to snap up wealth businesses as sale rumours quieten

In a quarterly trading update, Close Brothers shared that it is looking to make acquisitions and hire more staff to drive growth.

Secure messaging: the key to wealth management client engagement

There is a direct correlation between engagement and profitability.

Exposure to equities leads to weak third quarter for wealth managers

Investors with greater exposure to equities struggled in the third quarter, but performed more strongly than those relying on fixed-income for 2023 as a whole

Swiss Banks Didn't Stop Doing Business with Oligarchs Early Enough

The confidential information related to Russian bank clients that leaked in a hack last September is having broader implications.

SJP tackles shareholder dissent over executive pay

Performance Share Plan query

Bellevue launches obesity solutions fund

The thematic equity fund covers diagnostics and treatment for obesity-related diseases, nutrition and physical activity companies.

Over-promising could make ESG a ‘farce’, warns Geneva selector

A dose of realism is required when dealing with products with ambitious environmental goals, according to Mikaël Safrana.

Wealth and Asset Management