Managers of Wealth

Hawksford shows commitment to UAE market through DMCC agreement

Working closely with its well-established teams in the UK and Singapore, the agreement will also see Hawksford support greater trade flows across the UK-GCC-ASEAN corridor.

Nigel Farage Accused Of 'Billionaires' Giveaway' Over New Tax Policy

All of the money raised from the new policy would be given directly to around 2.5 million workers on low incomes, Farage will announce in a major speech on Monday.

A UK Wealth Exodus? Why ‘Non-Dom’ Crackdown Risks Backfiring for Reeves

What started as a trickle of departures risks turning into an exodus as rich individuals grapple with a raft of other changes hitting their finances — from higher taxes on private equity investments to levies on private school fees.

Banque Pictet et Cie SA and one of its former asset managers sentenced by penal order

The conviction was part of a series of criminal proceedings initiated by the Federal Prosecutor's Office (OA) in connection with the international "Lava Jato" corruption scandal, most of which originated in Brazil.

UBS finance chief voices disappointment over Swiss capital rules

UBS planned to engage in political consultation processes on Switzerland's capital requirements, which could eventually lead to a more proportionate outcome

SEC to Resume Processing of Registration Applications From Swiss-Based Investment Advisers

This announcement follows successful discussions between staff from the SEC and the Swiss Financial Market Supervisory Authority (FINMA) regarding (1) the ability of FINMA-supervised

Federal Council draws lessons from Credit Suisse crisis and specifies measures for banking stability

The Federal Council has also opened a consultation process for those measures that are to be implemented directly at the ordinance level.

Leading law firm for wealth management in Asia Pacific and Greater China

With a private client and tax team of over 40 in Asia and over 200 across 17 offices globally, Withers continues to be the world's largest law firm for wealth management.

Advisers crave industry-wide standard for MPS due diligence

The research highlights a clear gap in financial advisers’ understanding of current regulations relating to outsourced investment providers.

James Russell discusses how recent tax legislation changes firmly establish Hong Kong as a global leader for family offices.

After seeing the success of family office incentivisation in Singapore, Hong Kong launched its own tax concessions in 2023 to simplify the process for application

Ex-DBS PB Thai team head sues two ex-banking colleagues

The former team head, who left DBS earlier this year, is suing two relationship managers at the bank, accusing them of defamation.

Citi Handlowy Announces Agreement to Sell Consumer Banking Business in Poland to Velobank S.A.

Transaction marks last of the announced international consumer sales as part of Citi’s strategic refresh

Variable compensation at Credit Suisse: The federal government goes to the Federal Supreme Court

The FDF has decided to file an appeal with the Federal Supreme Court, which will make the final decision on the case.

Inheritance Tax receipts for April 13.8% higher than April 2024

That is an increase of 13.8% on the same month of 2024.

Restrictions imposed on wealth management firm Strowz Ltd in response to significant concerns

The firm is also required to keep assets in the business and notify us about any additional bank accounts it intends to open.

HMRC simple assessments soar 74% in a year as stealth tax hits pensioners

This marks the highest number on record and nearly triples the volume issued five years ago.

Julius Baer fined over lapses in AML controls

FINMA’s decision focused on the bank's inability to detect or act on suspicious transactions from 2009 to 2019.

Tax dodging by rich could be ‘much greater than thought’, says UK audit office

Watchdog issues warning after tax authority succeeds in raising more tax from wealthy than previously estimated

Tax-Suitable Wealth Management: Risks And Opportunities

Swiss portfolio managers now operate within an integrated and transparent environment.

EFG Bank files commercial fraud case against Mirabaud

The case has been filed in the UK against the Swiss bank and two of its managing partners.

Legal,Regulation,Tax & Compliance