Having gained regulatory approval, the 13 strong Luxembourg team will continue to serve existing clients, supported by Gentoo’s 29 employees based in Guernsey. The company will be renamed Gentoo Financial Services (Luxembourg) S. A.
The number of wealthy Russian investors employing a conservative wealth management strategy has more than quadrupled in two years, according to a report due to be released by Campden Research next week.
UBS AG, the world's biggest wealth manager, expects Asia Pacific assets to account for as much as 30 per cent of the funds it oversees within the next 10 years, the Swiss bank's chief executive said.
Qatar Islamic Bank has held an exclusive event for its private banking customers at Four Seasons Hotel in Doha, when for the first time in Qatar, Knight Frank presented its 2015 Wealth Report.